Steven Pearlstein reviews ‘The Big Short’ by Michael Lewis – washingtonpost.com

Posted by Matt in March 14th, 2010 | no comment

Published in Financial, Authoritative Analysis, Bond Salesman, Crazy Steven, Credit Bubble, Deutsche Bank, Fiasco, Financial Crisis, Folly, Fraud, Hedge Funds, Led, Michael Lewis, Signals, Steven Pearlstein, Washingtonpost

If you read only one book about the causes of the recent financial crisis, let it be Michael Lewis’s, “The Big Short.”
That’s not because Lewis has put together the most comprehensive or authoritative analysis of all the misdeeds and misjudgments and missed signals that led to the biggest credit bubble the world has known. What [...]

A New Kind of Downturn – washingtonpost.com

Posted by Matt in August 17th, 2009 | no comment

Published in Economy, Financial, Credit Bubble, Downturn, Economic Recovery, Head Winds, Rubber Band

In other words, the downturn may be so severe, global and transformative that this time, the rubber band popped.
What’s different now? This downturn was caused by a breakdown in the financial system, and in the wake of a massive housing and credit bubble.
A New Kind of Downturn Brings Head Winds That Could Weaken Economic [...]

7 Reasons Why the Big, Bad Bear Will Return

Posted by Matt in April 8th, 2009 | 1 comment

Published in Economy, AIG, Amount Of Money, Bad Trades, Bank Bailout, Banking Crisis, Conflicts Of Interest, Credit Bubble, Cronyism, Financial Advisors, Financial Institutions, Financial Muscle, Fiscal Sanity, Global Recession, Goldman Sachs, Great Depression, Housing Market, International Monetary Fund, International Monetary Fund Imf, Jp Morgan, Rat Hole, Slippery Slope

Reason #1: The Banking Crisis Still isn’t Fixed … It’s Getting Worse!
Reason #2: Job Losses are the Worst Since the Great Depression
Reason #3: The Deleveraging of the U.S. Credit Bubble Has Already Begun. And It isn’t Pretty …
Reason #4: Credit Cards are Imploding
Reason #5: It’s Probably WA-A-A-AY Too Soon To Call a Bottom in the [...]