Archive for July, 2009:

Fiscal Policy and Banking Sector Repair Synergies

{ Posted on Jul 29 2009 by Menzie Chinn }
From the conclusion to "How Effective is Fiscal Policy Response in Systemic Banking Crises?", by E. Baldacci, S. Gupta, and C. Mulas-Granados: This paper assessed the effects of fiscal policy responses during 118 episodes of systemic banking crises in advanced and emerging ...Read More »

The Dangers of a “Jobless Recovery”

{ Posted on Jul 29 2009 by Jordan }
So often do we hear that the US economy is going through a “jobless recovery” or one in which prices stabilize and the economic fundamentals (GDP, trade balance) begin to recovery. The simple fact of the matter, however, is ...Read More »

CHART OF THE DAY: China’s Incredible Run

{ Posted on Jul 29 2009 by Joe Weisenthal and Kamelia Angelova }
Categories : All, Clusterstock
Chinese shares crashed 5% Wednesday, setting off a mild panic about Asian stocks and currencies. Chinese stocks have had a massive rally this year, by far outpacing the S&P's meteoric rise since March.  So perhaps a pull back shouldn't be ...Read More »

You Fools Don’t Get It: This Is A V-Shaped Recovery!

{ Posted on Jul 29 2009 by Henry Blodget }
Categories : All, Clusterstock
Finally, a rip-roaring bull case supporting the idea that the market will rocket higher from here. As we noted last week, the current consensus is that the economy will soon start growing but that the recovery in 2010 will be feeble.  ...Read More »

Green Mountain Coffee Roasters: When Great is Not Enough

{ Posted on Jul 29 2009 by Ockham Research Staff }
Categories : All, Ockham
Green Mountain Coffee Roasters (GMCR) has been one of the hottest stocks in the entire market since the beginning of the year.  The stock is up 155% this year and last month the company issued a three for two stocks ...Read More »

American Express Paid Full Price For The TARP Warrants

{ Posted on Jul 29 2009 by John Carney }
Categories : All, Clusterstock
It’s great news that American Express has repurchased the warrants held by the Treasury’s bailout program. And it’s even better news that the $340 million they paid represents the full price for the warrants.Some prior repurchases of TARP warrants were ...Read More »

The Obama Beer Wars Begin

{ Posted on Jul 29 2009 by John Carney }
Categories : All, Clusterstock
President Barack Obama chose Bud Light as the beer of choice for the big peace-making with the peace-officers meeting he’s hosting tomorrow at the White House. Obama picked the top-selling beer in the U.S. for the meeting with Harvard professor ...Read More »

Ruth Madoff Sued For “Living Life Of Splendor”

{ Posted on Jul 29 2009 by Henry Blodget }
Categories : All, Clusterstock
More woes for newly homeless Ruth Madoff, who was last reported to be staying with a friend on Long Island.  Trustee Irving Picard's going after that last $2.5 million. Patrick Fitzgerald, Wall Street Journal: The court-appointed official in charge of recovering money ...Read More »

Goldman’s Difference: It’s The Culture

{ Posted on Jul 29 2009 by Joe Weisenthal }
Categories : All, Clusterstock
For a nice antidote to the breathless reporting on Goldman Sachs (GS) -- you know, vampire squids, market manipulation, etc. -- do check out Heidi Moore's piece over at The Big Money: The basic rule of Goldman culture is that the ...Read More »

The Total Money Makeover: College Funding

{ Posted on Jul 29 2009 by Trent }
This is the ninth of twelve parts of a “book club” reading and discussion of Dave Ramsey’s The Total Money Makeover, where this book on debt reduction is teased apart and looked at in detail. This entry covers the ...Read More »