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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: June 2012
BIS: Governments must push banks to write down bad debts and start serving the public good
The Bank for International Settlements (BIS), based in Basel, Switzerland, is owned by 60 central banks for which it acts as a counterparty and trustee. It’s also hosting policy-making groups including the Basel Committee on Banking Supervision and the Financial … Continue reading
Michael Burry: “this ignorance is willful”
As Alan Greenspan writes book after book obsessively, desperately trying to convince himself and the rest of the world that the financial crisis was not foreseeable (and therefore not his fault), Michael Burry (and many other critical thinkers) remind the … Continue reading
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Tesla drives past naysayers: Model S released today
This car is a thing of beauty inside and out. Zero emission, state of the art safety, comfort, and competitively priced with other luxury sedans. For those who can afford $60-70K cars and are still driving 100-year-old combustion engines–this is … Continue reading
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