Monthly Archives: February 2009

Zombie Banks, Zombie Economy, Zombie Politicians

Do you recognize anyone here? Say John Thain or Hank Paulson? I definitely see Tim Geithner there to the right. I keep hearing about the Zombie banks and Ben Bernanke at the Fed really hates the term. But the term … Continue reading

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Stimulus Medicine

Readers of this site know I rack my brain trying to understand and explain how we got into this financial mess and what if anything we can do about it and after listening to Bernanke’s testimony and Obama’s address, I … Continue reading

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Inflation or Deflation?

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Another Leg Down

The news is not good if you’re the portfolio manager for Fidelity Investments. It seems that in the last quarter Fidelity convinced that financial stocks had hit bottom, loaded up on bank stocks and today they own over 3% of … Continue reading

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Heimskreppa!

Kreppa is what they are calling it in Iceland, also known locally as Kreppaland. Kreppa is a common word uttered by Icelanders and roughly translated it means “Crisis” and is derived from an old Norse word. Icelanders have been living … Continue reading

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Some NewTrouble Spots

I normally start my morning reading newspapers and online magazines in Europe before the US markets open. The graph to the left shows in percentage to GDP of loans that the Austrian banking knuckleheads made to the developing countries of … Continue reading

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The Bushobama Depression

Well it’s official. It’s a Depression. Two days ago at a regional conference in Kuala Lumpur, IMF Managing Director Dominique Stauss–Kahn said that the big world economies are already in a depression. Of course this is coming from a guy … Continue reading

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