Mish’s Open Letter to President Obama
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Okay, Mish and I are not politically aligned, but I like his approach and I think this Obama budget is going to be a powder keg in both parties. Full of democratic policy initiatives, much like the economic stimulus package, this budget is going to drive Americans and politicians crazy with images of [...]
All Fannie Mae and Freddie Mac
These two massive GSE’s staged for a monumental meltdown are sucking the air out of the proverbial (mortgage market news) room. Lots of good coverage and analysis:
Associated Press: Fannie Mae, Freddie Mac shares plummet
Shares of mortgage finance companies Fannie Mae and Freddie Mac continued their plunge Wednesday as investors are increasingly convinced that the stocks [...]
Stagflation, Another Bank Failure, Fannie Mae/Freddie Mac Bailout, 10-year Treasury, Lehman, Inflation Hits Stocks
Angry Bear: Have we hit stagflation?
Rdan over at the Angry Bear Blog makes his case:
Is when Unemployment is 5% or more and when Inflation is 5% or more at the same time.
June 2008 – July 2008 (Un-5.6% and Inf-5.31%, 2 months so far)
BloggingStocks: Wachovia or Washington Mutual next to fail?
Economists are rallying to predict the [...]
