Thursday, March 27, 2008

Recent newspage updates

From "The Big Picture" blog




Dumping of US treasuries imminent, starting with Korea, says Burnick

Don Boudreaux interviewed (by a colleague) on his liberal econ book "Globalization"

"Not until total debt comes down to a realistic number can a real recovery take place. If debt is to be destroyed to that magnitude the deflation will be monstrous."

Mish: "Germany fears global meltdown"

Hutchinson: new financial system by 2013

Derivatives: Banking capital "insufficient to handle even one per cent of potential losses."

"Matt" on US M3, the money supply, inflation

California realtors report house prices collapsing (htp: Drudge Report, LA Times)

Skills shortgage hampering US job repatriation, says AT&T chief (htp: Drudge Report)

KPMG criticised for allegedly poor auditing of failed US mortgage firm (htp: Drudge Report)

2008 US durable goods report: semiconductors down sharply since New Year (htp: Karl Denninger)

Monty Guild: stock rally if mortgage bond market stabilises; invest in non-leveraged areas

3 comments:

James Higham said...

KPMG criticised for allegedly poor auditing of failed US mortgage firm (htp: Drudge Report)

This is hugely interesting to you, Sackers?

James Higham said...

O/T I'm afraid:

Sackers, would you care to add your stats or links on this current debate on Climate Change? It would be appreciated.

Sackerson said...

James:

1. KPMG left written evidence that could sink them:

http://www.bloomberg.com/apps/news?pid=20601103&sid=aXebBOZ3eBjQ&refer=news

2. Will look at your CC debate, don't expect I know anything much useful.