Here it is … The Global Financial Crisis in Pictures … did that help? I didn’t think so … following up on the previous article, there are some things which are beyond comprehension and are best left that way.
If it could be agreed that we are ALL part of something and that ANY solution must pass the test of best for EVERYONE, not just for me and my gang
….
….. things might become more and more comprehensible.
While it is usually best to stick to one topic, this morning the news that a bunch of whales of the insurance industry (life, property and auto) have been made eligible for US govt bailouts has to be a footnote here … what would result if these fear merchants were allowed to collapse and people began to realize that betting your life is maybe not the best way to experience peace and serenity.
Finally someone, and in this case, the US President, says that US Long-term debt is unsustainable. That being said, exactly how is the withdrawal going to be managed?
Ooops, one more … a discussion of the Mar – May rally with the middle part on the role of Quant funds quite illuminating … if nothing else, the machinations of HUGE funds in the market are being challenged by the, wait for it, self-correcting nature of market itself … who would have guessed. It’s hard to believe the bets made by the quants, but this has been the story for the last few years … new and more risky attempts by the sharpy numbers guys to get an edge which unravels now almost before the skater gets up on it. Per our fairness doctrine, here is the contrary view
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