Monthly Archives: April 2010

 Gulf Coast oil spill could eclipse Exxon Valdez – An oil spill that threatened to eclipse even the Exxon Valdez disaster spread out of control with a faint sheen washing ashore along the Gulf Coast Thursday night as fishermen rushed … Continue reading →

 Threats Of Civil War – Just reported: Greece will not cut public salaries or there wll be civil war. There’s the gauntlet folks.  It means that no "assistance" can actually succeed, because it is not possible to get the fiscal situation … Continue reading →

A New Page – In the Media – cmartenson – When I was out in San Francisco in January, Janaia Donaldson interviewed me for Peak Moment Television and, with Robyn’s excellent technical abilities, turned out a very nice product.  I’d like … Continue reading →

El-Erian Says Sustainable Solution Needed for Greece (Bloomberg) — Pacific Investment Management Co., the world’s biggest manager of bond funds, won’t buy the debt of Greece until there is a sustainable solution to the nation’s fiscal crisis. Greek leaders must … Continue reading →

  Quote Albert Edwards: Global economy to roll over in six to nine months’ time; bearish for shares – Credit SocGen’s Albert Edwards was out with a note today which is in line with my calls for a marked slowing … Continue reading →

Unemployment: Many Workers exhausting all benefits – From Bloomberg: More Than a Million in U.S. May Lose Jobless Benefits [Lawmakers] are quietly drawing the line at 99 weeks of aid, a mark that hundreds of thousands of Americans have already reached. In … Continue reading →

 U.S. Fed’s balance sheet dips in latest week (Reuters) – The U.S. Federal Reserve’s balance sheet fell slightly in the latest week, Fed data released on Thursday showed. The Fed’s balance sheet — a broad gauge of its lending to the … Continue reading →

  Quote Econbrowser: What Are the Externalities of "Drill, Baby, Drill"? From NYT, "Size of Spill in Gulf of Mexico Is Larger Than Thought", the extent of the spill in the Gulf of Mexico: Figure from CAMPBELL ROBERTSON and LESLIE … Continue reading →

Two-timing top trader’s ‘Fabulous’ defiance – Fabulous Fab — the smooth-talking bad-boy trader who played Goldman Sachs investors for fools while simultaneously romancing two French paramours — took his slick act to the Senate floor yesterday and defiantly told investigators … Continue reading →

 The RMB and the magic of accounting identities – I wanted to work through Paul Krugman’s point on currency intervention because, as I see it, he is simply using accounting identities to set out the parameters of how to think about … Continue reading →