Endogeous market euphoria presages collapse
“If only to confirm the socionomic causality at work, an economist quoted in the article above muses, “The one anomaly in the puzzle is that people shouldn’t be feeling better because the jobs market is so terrible and unemployment is likely to keep rising.” Of course it would be an anomaly, and people should not [...]
Cash for Gold
US To Trade Gold Reserves For Cash Through Cash4Gold.com
Krugman takedown of the day
“Krugman is playing the standard disingenuous game of pretending that rising prices are inflation, rather than the result of inflation. The Fed has been expanding the money supply like crazy for decades by holding interest rates down, and faced with the latest bursting bubble, they decided to inflate some more, just as they did in [...]
The Santa Claus Economy
I could scarcely be more disgusted with the way the Obama administration is dealing with the largest economic crisis since the Great Depression.
Let us look at the facts soberly and simply:
1) A lot of people and organizations bet a lot of money on overvalued or extremely risky assets.
2) We do not make and export very [...]
Branding for the new economy
As I endlessly reword my Bernie Madoff story (surely the 8,756th of its kind written in the past month), I looked over at a folder on my desk labeled “Branding.” It refers to hedge fund branding, a feature story I planned to write six months ago in a different world.
How quaint it now seems. [...]
Trust us
As with Anna Karina, we prefer to remember the U.S.A as she was in the 1960s.
Seek and ye shall find
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Josh Friedlander’s Twitter Feed
- JoshFriedlander: RT @ARhedge: Robert Koenigsberger of Gramercy: it's too early to invest in Europe - it's a "submerging" market. #SALT2012 #hedgefund
- JoshFriedlander: RT @garytaubes: Finally, after much prodding, some thoughts on the Harvard study about red meat, http://t.co/5yNk2eV2
- JoshFriedlander: #DonDraperMoment There are steel cigarette disposals by the urinals at The Pierre.
- JoshFriedlander: Great food for a great cause. Marathon exec organizes gala fundraiser at the Plaza for pediatric foundation http://t.co/pTzF2qaV
- JoshFriedlander: RT @ARhedge: Maverick Capital financials chief Gunnar Overstrom departs (partial view) http://t.co/s7hEozTD #hedgefund