Philadelphia Inquirer: Soros: Can’t fix financial system AND stop economic collapse March 25, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Alan Greenspan, George Soros, Hedge Fund, Investing, Late-20th-century, Pounded, Self-correcting
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From today’s Philadelphia Inquirer:
George Soros, who persists in being one of the more profitable global hedge fund managers, pounded another nail in Alan Greenspan’s intellectual coffin and the “efficient markets hypothesis” that governed late-20th-century institutional investing yesterday when he “said that the financial crisis had proven that the idea of self-correcting markets was false and that it was dangerous to leave as…
Another bubble? (The Minnesota Daily) March 24, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Assets, Banks, Lend, Market, Overvalued, Treasury Secretary Timothy Geithner
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Posted at The Minnesota Daily today:
Can we successfully convince ourselves to value assets the market has deemed trash? According to Treasury Secretary Timothy Geithner, we can. Geithners much-anticipated TARF plan would remove up to $1 trillion in so-called legacy assets those once-popular and extremely overvalued financial products at the root of this crisis from banks balance sheets, encouraging banks to lend again and…
Interesting Asset Bubbles News Links (March 21, 2009) March 21, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Burst-economic-bubble, California Public Employees Retirement System, Deregulation, Explosively, Headaches, Home Builder, Newhall Ranch, Pocketbooks, Stock Market, Tech-boom-gone-bust
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* Treasury Admits It Could Have Stopped AIG Years Ago (CBS News)
The idea that deregulation caused the housing and stock market bubbles that popped so explosively has, in some quarters, become an article of faith.
* Forever riding the financial roller-coaster (Daily Progress)
We may be in round four or five, or maybe 5,000, of the latest burst-economic-bubble drama, but I can barely get my head around this one since Im still reeling from the tech-boom-gone-bust of eight years ago.
* ETFs are all the rage — but are they for you? (Brent Hunsberger, The Oregonian)
This financial crisis has triggered many headaches, the least of them being all the acronyms we’ve learned wreaked havoc on our pocketbooks.
* Home builder Lennar seeks to regain some or all of Newhall Ranch stake (Roger Vincent, Los Angeles Times)
Home builder Lennar Corp., which sold a controlling interest in the the massive Newhall Ranch project to the California Public Employees’ Retirement System, now wants to buy back some or all of its stake.
L.A., Riverside-San Bernadino post jobless rates above 10% (Washington Business Journal) March 21, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Labor Statistics, Los Angeles, Report, Riverside-San Bernadino, U.S., Unemployment
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Washington Business Journal covers the Riverside-San Bernadino issue:
Los Angeles and Riverside-San Bernadino are among the 18 labor markets now have unemployment rates of 10 percent or more, according to a U.S. Bureau of Labor Statistics report issued Thursday.
Sacramento Business Journal: California cities top jobless list March 20, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Bakersfield, California, Fresno, Stockton, Toledo, Unemployment Rate
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Here is today’s article from Sacramento Business Journal.
Three inland California markets are saddled with the nation’s worst jobless rates — 15.7 percent in Fresno, 15.1 percent in Stockton and 13.8 percent in Bakersfield. Toledo has the highest unemployment rate outside of California, 13.3 percent.
Interesting Asset Bubbles News Links (March 19, 2009) March 19, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Bonuses, Incurred, Inflicted, Insurance, Louis, Money, Outrages, Record-setting, Taxpayer-bailed-out, Unemployment Rate
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* St. Louis jobless rate highest in at least 20 years (St. Louis Business Journal)
The unemployment rate in St. Louis jumped to 9.1 percent in January, the highest rate in at least two decades, new data show.
* Throw the AIG bums in jail (Daily News of Newburyport)
Of all the economic outrages incurred in the past several months, nothing is more disgusting than what was just inflicted on American taxpayers by AIG, the taxpayer-bailed-out insurance firm that is now handing out huge bonuses as though the money tree just produced a record-setting fruit.
Pacific Business News: 18 metros post jobless rates above 10% March 19, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Labor Statistics, Report, U.S., Unemployment
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Here’s what the print edition of Pacific Business News has to say today on Labor Statistics.
Eighteen of the nation’s 100 largest labor markets now have unemployment rates of 10 percent or more, according to a U.S. Bureau of Labor Statistics report issued Thursday.
Interesting Asset Bubbles News Links (March 18, 2009) March 18, 2009
Posted by assetbubbles in Asset Bubbles.Tags: ATLANTIC CITY, Homeowners, New Jersey, Taxes
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* Real estate slump may help some save on property taxes (Press of Atlantic City)
ATLANTIC CITY – New Jersey homeowners pay the highest property taxes in the nation, and many will be paying more than they should this year.
Press of Atlantic City: Real estate slump has some paying too much in property taxes March 18, 2009
Posted by assetbubbles in Asset Bubbles.Tags: ATLANTIC CITY, Homeowners, New Jersey, Taxes
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From today’s Press of Atlantic City:
ATLANTIC CITY – New Jersey homeowners pay the highest property taxes in the nation, and many will be paying more than they should this year.
