Posted from FT Alphaville 12 minutes ago
Economy News and Market : The MSM: Business Newspapers Bloggers
IndyMac, a US mortgage lender in California, said that depositors had continued to withdraw money at "elevated levels" since June, when a US senator urged regulators to monitor closely the bank's condition. The disclosures, which were made in a regulatory filing, came a day after the bank said it wa... (original story)
Posted from Grasping Reality with Both ... 18 minutes ago
Economy News and Market : The BlogFathers: Economist News and Blogs
Janet: >Econbrowser: Janet Yellen on risks and prospects for the U.S. economy: Unfortunately, it appears to me that there are at least three reasons for thinking that housing prices have further to fall... the ratio of house prices to rents... still remains quite high... inventories of unsold homes ... (original story)
Posted from Marginal Revolution 18 minutes ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs
On BloggingHeads.TV, self-recommending. (original story)
Posted from Grasping Reality with Both ... 18 minutes ago
Economy News and Market : The BlogFathers: Economist News and Blogs
Why oh why can't we have a better press corps? Yet another edition in the *New York Times* death spiral watch. The ethics-free *New York Times* reporter who should be fired is Zev Chafets. The ethics-free editor of the *New York Times Magazine* who should be fired is Gerald Marzorat. The Deputy Mana... (original story)
Posted from naked capitalism 18 minutes ago
Economy News and Market : The Wonks: Economy News and Analysis
We haven't been covering the spectacle of Indymac twisting in the wind, since highly-regarded blogs like Calculated Risk and Housing Wire follow the mortgage lenders closely.However, the panic yesterday about Fannie and Freddie perhaps having to come up as much aswith $75 billion in equity ($75 bill... (original story)
Posted from EconLog: Library of Economi... 18 minutes ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs
(July 7, 2008 03:50 PM, by Arnold Kling) McKinsey folks write, During the next three to seven years, solar energy’s unsubsidized cost to end customers should equal the... (original story)
Posted from EconLog: Library of Economi... 18 minutes ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs
(July 7, 2008 11:22 AM, by Arnold Kling) Will Wilkinson and Robin Hanson have at it. When Tyler Cowen says "self-recommending," does that mean he recommends it without... (original story)
Posted from Winter (Economic & Mark... 18 minutes ago
Economy News and Market : The Wonks: Economy News and Analysis
There is something that is not quite adding up. Despite the 56% plunge in China’s stock market, that country continues to be the receptacle of the world’s hot money. The FT.com article makes this mention. Logan Wright at Stone & McCarthy analysts in Beijing estimates that hot mon... (original story)
Posted from Marginal Revolution 19 minutes ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs
Arnold Kling writes: I don't think we have a recipe that says, "Take a child of two non-college educated parents, add primary education ingredient X, bake, and out comes a college-capable high school graduate." The mystery ingredient X has yet... (original story)
Posted from Overcoming Bias 19 minutes ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs
I'm a bit late to this party, but must report: We've known for decades how to fix global warming cheaply! Many fear devastation if warming continues, while others fear impoverishment from quitting carbon. But we can cancel the entire warming... (original story)
Posted from Overcoming Bias 19 minutes ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs
Followup to: No Universally Compelling Arguments, Passing the Recursive Buck, Wrong Questions, A Priori Why do I believe that the Sun will rise tomorrow? Because I've seen the Sun rise on thousands of previous days. Ah... but why do I... (original story)
Posted from DealBook 19 minutes ago
Economy News and Market : The MSM: Business Newspapers Bloggers
If ever there was any doubt that Anheuser-Busch intends to fight InBev tooth and nail, the American brewer’s lawsuit on Monday should dispel them. In its lawsuit, filed in the Eastern District of its home state of Missouri, Anheuser accused its unwanted suitor of a litany of sins, from rumor-m... (original story)
Posted from WSJ.com: MarketBeat 19 minutes ago
Economy News and Market : The MSM: Business Newspapers Bloggers
Fannie Mae and Freddie Mac have a few defenders among analysts after Monday’s sell-off. Some aren’t exactly mounting spirited defenses, merely suggesting that the companies are worth more than the current price. Others go further. In commentary Monday, Lehman Brothers analysts posited th... (original story)
Posted from naked capitalism 19 minutes ago
Economy News and Market : The Wonks: Economy News and Analysis
The oil bulls will take offense at Hussman's contention that high oil prices will break, and probably break pretty seriously. Note we think high oil prices would be desirable if phased in over several years via a carbon tax to discourage use, but as everyone know from direct experience, a sharp runu... (original story)
Posted from naked capitalism 19 minutes ago
Economy News and Market : The Wonks: Economy News and Analysis
Since I seldom am the bearer of upbeat news, I thought I'd pass along the cheery forecast from market strategists at Lehman and Deutsche Bank, namely, that the Standard & Poor's 500 index will have its best six months since the second half on 1982 in the second half of 2008.I happen to remember that... (original story)