Monthly Archives: March 2010

60 Minutes interviewed a handful of Wall Street outsiders who realized the subprime mortgage business was a house of cards and found a way to bet against it. Author Michael Lewis talks about the current situation on Wall Street, the … Continue reading →

Interesting interview from Larry Doyle at No Quarter Radio this week. He spoke to Rick Davis of the Consumer Metrics Institute (CMI). Davis reports a consumer composite index of leading indicators which he says has led traditional GDP numbers by … Continue reading →

Prof. Robert Shiller appeared on Bloomberg this morning discussing his latest Case-Shiller Index results for January and why we may still see a double dip in housing and the economy: “The big cloud on the horizon is the withdrawal of … Continue reading →

Ms. Park was a guest on Business News Network (BNN) this morning, Wed March 31 at 8:50am EST. A clip of her appearance is available on the BNN web site. **Please note: Danielle mis-spoke when explaining that the VIX under … Continue reading →

By the end of 2010, about half of all commercial real estate mortgages will be underwater, said Elizabeth Warren, chairperson of the TARP Congressional Oversight Panel, in a wide-ranging interview on Monday. “They are [mostly] concentrated in the mid-sized banks,” … Continue reading →

Stocks & Commodities magazine interviewed me recently for their April edition. An hour is a luxurious interview these days. I appreciated the time and breadth of questions. We were able to go into more detail than typical spots. The magazine … Continue reading →

Coming up to its third anniversary since release “Juggling Dynamite” is still resonating with readers and getting postive reviews, like this one from balancejunkie.com yesterday: “This book came out early in 2007, before the worst of the financial crisis hit. … Continue reading →

Yesterday I talked with Stirling Faux of the Money and Wealth Show in Victoria, BC about the Canadian housing market. You can hear the 16 minute audio clip here. Recommend on Facebook Tweet about it Print for later Tell a … Continue reading →

US Final Q4 GDP was revised slightly lower this morning to 5.6 from the previous estimate of 5.9. I think a year from now this may be revised lower still. More importantly Q4 seems to have been a stimulus-manufactured anomaly … Continue reading →

In the debate to overhaul financial regulation, Elizabeth Warren has divided Washington in her push to create a new consumer financial protection agency. I find it refreshing to hear from people who can't be bought. It seems they are few … Continue reading →

This afternoon the familiar low volume “two guys trading” are driving stock prices higher again, supposedly based on Fed Chairman Bernanke's testimony today that the US economy is still weak and still needs emergency low rates to try and stave … Continue reading →

For the past 4 years I have been increasingly concerned about unsustainable trends in the Canadian housing market. As I have mentioned many times, Canadians have been lulled into a false sense of security by mortgage rates that are now … Continue reading →

“I don't think there's much the Fed can do to get banks to start lending again. That's a structural problem, the model is broken,” Whitney told “Worldwide Exchange” this morning from Europe. Recommend on Facebook Tweet about it Print for … Continue reading →

The VIX is trading at the bottom of its two-year range, a possible signal that fear is leaving the market. Paul Britton, of the Capstone Holdings Group, and Nouriel Roubini, of Roubini Global Economics, share their insight this morning on … Continue reading →

Economist Stephen Roach appeared on CNBC Asia yesterday reminding us that the 9.7% official US unemployment stat dramatically under-states reality. The US Jobless rate today is actually 11.5% when we add back in the 3m disgruntled workers who have been … Continue reading →