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Daily Archives: March 31, 2010
60 Minutes looks at how Wall Street is paid to delude itself and investors
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
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Consumer Metrics Institute: Growth Index contracting since August
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
Robert Shiller: double dip chance in housing "very high."
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
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