FT Macromaps Tuesday, March 31, 2009
Posted by ei-forum in Miscellaneous.add a comment
If you still haven’t seen this resource on the FT site, we recommend you check it out by clicking: here.
It is part of the Markets Data section and you can also get similar graphical displays for currencies.
The interesting thing is that you are just a couple of clicks away from a really good and visual picture of the global situation and performance
Enjoy!
Lula’s Rant Friday, March 27, 2009
Posted by ei-forum in Rants.add a comment
We are not big fans of Gordon Brown but we did feel for him when he had to sit next to President Lula while he ranted on about the current crisis.
At this stage of the game, we should not be surprised but we do feel it is a shame that someone like Lula (who appears to have done a good job in Brazil) publicly rants in this way, especially before the G20 meeting…. here are some of his comments:
- “I am not acquainted with any black bankers. This is a crisis that was caused by people, white with blue eyes. Before the crisis they looked like they knew everything about economics … Now they have demonstrated they don’t know anything about economics.”
- “As I do not know any black or indigenous bankers … I can only say it is not possible for this part of mankind, which is victimized more than any other, to pay for the crisis.”
- “It is a crisis caused and encouraged by the irrational behavior of white people with blue eyes…”
We are not going to waste any time trying to counter these comments… In any case, expect some interesting discussion at the G20!
DeSantis: from inside A.I.G. Wednesday, March 25, 2009
Posted by ei-forum in Miscellaneous.add a comment
Some of you might have heard about this and it is well worth the read – at least you can get the other side of the story.
Jake DeSantis, an executive V.P. of A.I.G.’s financial products unit, tenders his resignation letter to Mr. . Liddy.
“… But you also are aware that most of the employees of your financial products unit had nothing to do with the large losses. And I am disappointed and frustrated over your lack of support for us. I and many others in the unit feel betrayed that you failed to stand up for us in the face of untrue and unfair accusations from certain members of Congress last Wednesday and from the press over our retention payments, and that you didn’t defend us against the baseless and reckless comments made by the attorneys general of New York and Connecticut…”
Link to letter on the NYT page: here.
Bull or Bear Rally? Tuesday, March 24, 2009
Posted by ei-forum in Investing.add a comment
After another 7.1% gain in the S&P yesterday, it looks like the markets may be ready for a little pause. But the big question is if we have indeed reached the bottom or if this is just a bear market rally?
Even though the market actually broke above its 50-day moving average, we are still struggling to understand all this optimism.. we may be wrong but we can’t help the feeling that this is just a speculative push to the 850 area and that we will then have to wake up and smell the coffee, probably whilst looking at an S&P back below the 600 level.
There are too many unanswered questions on the current situation and on the way forwards for the bulls to solidly take control here and if they do, we feel that, it would be sad proof that we haven’t learned anything from these past years….
Obama: Tonight Show – part 3 Friday, March 20, 2009
Posted by ei-forum in Miscellaneous.add a comment
Here is the 3rd and last part:
Obama: Tonight Show – part 2 Friday, March 20, 2009
Posted by ei-forum in Miscellaneous.add a comment
Here is the second part:
Enjoy!
Barack Obama on The Tonight Show Friday, March 20, 2009
Posted by ei-forum in Miscellaneous.add a comment
Here’s is the first part:
It’s really excellent that he actually went on the show and also good to see that the President has not lost his sense of humor!
Best Advice to AIG Thursday, March 19, 2009
Posted by ei-forum in Miscellaneous.add a comment
It actually looks like someone in Congress is talking some sense. Congressman Ackerman hit the nail on the head: “It’s just not worth it…”:
Having said this, we just wanted to point out that it’s a real shame that people are taking their frustrations out on Mr. Liddy… he is actually trying to do his best for the American people, he didn’t ask for the job and is just getting paid 1 dollar per year for his service to the country.
If we don’t show some respect and gratitude, chances are that is is going to be very difficult for the government to convince other experienced executives to lend a ‘pro-bono’ helping hand!
Hugh Hendry vs Liam Halligan Wednesday, March 18, 2009
Posted by ei-forum in Miscellaneous.add a comment
This is a classic! For those of you that missed it:
Enjoy!
Happy St. Patrick’s Day! Tuesday, March 17, 2009
Posted by ei-forum in Miscellaneous.add a comment
In case you missed it, Meredith Whitney was on CNBC this morning and as usual, it was very interesting to listen to her give her take on the current situation and the way forwards…
She continues to maintain that there will be a big surge in defaults and that rising unemployment will continue to make 2009 an incredibly difficult year for corporation and individuals alike.
Furthermore, she also warns the banks to stop using technical accounting standards to support claims that they are profitable as this will come back to haunt them in the near future.
Happy St. Patrick’s Day!
Stumble It!
Explore Investors Blog Network
