Tag Archives: Financial Crisis

The Ghost of Paulson-Past

What we saw yesterday was more of the same. I was flabbergasted that the plan was so light on details. They have had 3 months to put something together and the best they could deliver is a 7-page fact sheet. … Continue reading


This Winter of Our Hardship

Image courtesy of flickr/Wayne MacPhail

The ‘Winter of Our Hardship’ are the words of President Obama in the inaugural address. He refers to the common dangers that we face in his somber message. The common danger is that this recession turns into a depression. In … Continue reading


The Impact of the U.S. Economic Crisis on the Rest of the World

Image courtesy of flickr/Kennington Fox

For those of you who are familiar with some of my research, you know how I have railed against people overselling the concept of “Global Diversification”. While there is an obvious benefit to diversifying your investments, it is not fair … Continue reading


The Essential Need for Transparency

Image courtesy of flickr/Jurek Durczak

We recently learned that the U.K. financial institution, RBS, lost $41 billion. We also learned that Citigroup lost $8 billion. How are we to interpret these numbers? Would you be surprised if it was the reverse, with Citi losing $41b … Continue reading


Unemployment Fast Forward

Image courtesy of flickr/Daquella Manera

The unemployment rate in December 2008 was 7.2%. We heard that initial claims for unemployment were greater than expected last week. What does this mean? As usual, it is difficult to navigate the data. We were told there were 589,000 … Continue reading


What Do We Do About Banks?

Image courtesy of flickr/Sonya

The government has dumped $45 billion of cash and back stopped over $100 billion in troubled assets for each of Citibank and Bank of America. Current market capitalization of Citi is about $17 billion and Bank of America about $27 … Continue reading