Economics Info

Economic News, Discussion and More

Archive for April, 2010

Not only did Goldman Sachs profit on betting against CDOs they designed to fail; more importantly, they insured them through AIG which led to a $182 billion taxpayer bailout

Apr 29

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The Great E-llusion – The German government wants to promote the development of electric vehicles on a grand scale. But many industry observers point out that the perceived benefits of e-cars are massively overrated.

Apr 29

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Internal Goldman Docs: “Just made it to the country of your favorite clients [Belgians]!!! I’m managed to sell a few abacus bonds to widows and orphans that I ran into at the airport, apparently these Belgians adore synthetic abs cdo2”

Apr 29

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Confessions Of A Wall St. Nihilist: Forget About Goldman Sachs, Our Entire Economy Is Built On Fraud

Apr 29

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The Myth of Alpha: If you are a risk manager getting paid $1MM+ a year, you know that there’s probably someone just as smart as you making half that who wants your job, so better make it sound like you are doing financial string theory.

Apr 29

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Special inspector general for TARP, Neil Barofsky, says probe of alleged Geithner’s NY Fed coverup in the AIG case could result in criminal charges

Apr 29

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IMF refuses to answer Business Insiders questions about its gold holdings.

Apr 29

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How Germany Made the Greek Crisis Worse

Apr 29

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Reflections on the Greek Crisis

Apr 29

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Goldman puts Buffett ethical values in spotlight, Warren Buffett’s reputation as a stickler for good business ethics has put the billionaire in an awkward spot because of an investment in Goldman Sachs

Apr 29

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Clients who owe us money cannot pay us because the people who owe them money cannot pay them because the people who owe them money cannot pay them because the people who owe THEM money cannot pay them

Apr 29

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Spain debt downgraded from AA+ to AA by S&P

Apr 29

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Wealth Care Reform: Since there will be more demand for primary care physicians, some doctors are starting to cap their patient load to reduce wait times and charge more for the convenience, which raises wait times for everyone else even more. Is there a plus side?

Apr 29

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Economics: The study of rational greedy people trying to enrich themselves. Can markets be rational when people aren’t?

Apr 29

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If You Think the U.S. Chamber of Commerce Is in Favor of Free Markets, Then You Might Want To Think Again

Apr 29

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Fabrice Tourre, the trader at the heart of the Goldman Sachs fraud case, told senators yesterday that he was “sad and humbled” by events, but that he had behaved properly. But forgot say it had made him very wealthy, and could retire now……..

Apr 29

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S&P on the warpath: Spain downgraded to to AA, outlook negative

Apr 29

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EU on the edge of the abyss – If the Greek crisis is not addressed, Portugal will come under intense pressure, contagion might then spread to Ireland, Italy or Spain, the other euro-area countries with some mixture of big budget deficits, poor growth prospects and high debts.

Apr 29

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Eurozone Meltdown – Eight scenarios for a break-up of the eurozone. Longish paper (PDF), but worth reading right away, since at least four of these scenarios seem to be well advanced already

Apr 29

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‘America Needs to Get Over Its House Passion’ – Surprise: There is a negative correlation between owner-occupancy and housing prices

Apr 29

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