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Dear Reader, Keeping up with the complex drama now flashing across the global screen is becoming more challenging with each passing day. In lazier days, a scene might be allowed to unfold at a measured pace, the interactions between major characters developed through subtle nuance and lingering shots...
Posted to
The Room
by
David Galland
on
10-20-2008
Filed under:
Filed under: International Speculator, Oil, Gold, Recession, Housing Crisis, Fannie Mae, Freddie Mac, Sara Palin, Foreclosures, Voter Fraud, Insurance Fraud, Bretton Woods
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Everywhere I go, people ask me how we got into this financial crisis that has seized up credit and driven the stock markets down 40% or more, most of it in just the last few weeks. Obviously, the simple answer is that the housing bubble burst, and as home prices tumbled, mortgage delinquencies and home...
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This week we look at a very solid piece of analysis on the world economy from my friends and London business partners Niels Jensen and Jan Wilhelmsen of Absolute Return Partners ( www.arpllp.com ). I find it is quite useful to read the considered opinions of those from outside the US and particularly...
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The Headwinds to Growing Your Wealth The Wealth of Nations Housing: Are We at the Bottom? Alt-A is the New Subprime 3.5 million Unemployed and Counting La Jolla, South Africa and London This week we look at the housing market in some detail. When can we expect it to turn around? Part of the problem is...
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What a momentous weekend. I was pounding the table about the need to move quickly on Fannie and Freddie in my last few letters, and especially this last letter. And then they did it. There are a lot of details that have yet to come out, and it is likely to be far more expensive the Savings and Loan crisis...
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In this weekend's Thoughts from the Frontlines, I quoted from part of a very thoughtful, right-on-target analysis by David A. Rosenberg entitled "The Elusive Bottom." Over the weekend, I decided that you should read the whole piece, as Rosenberg makes some very solid points about how the...
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By Bud Conrad Chief Economist, The Casey Report - Casey Research As investors, the question we have to focus most of our attention on just now is what impact the credit crisis, the bursting housing bubble and the actions of the U.S. government will have on the economy and investment markets in the next...
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Regular readers of Outside the Box will be familiar with Michael Lewitt's thoughtful commentary. Today, he reminds us that much of the turmoil we are in could have been avoided with proper regulatory structures and then does a very poignant analysis of various sectors of the economy. I agree with...
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Written: April 25, 2008 Dear Reader, What an interesting week! Having been a single parent for two weeks, with the kids on spring break for the second of those, I have attained a whole new level of appreciation, yes, I think that's the word, for the difficulty associated with holding down the home...
Posted to
The Room
by
David Galland
on
04-29-2008
Filed under:
Filed under: Credit Crisis, Politics, Coal, Oil, Gold, China, Housing Crisis, Food Prices, Diamonds, Women, Bonds, Africa, Project Manhunt
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The Velocity Of Money Is the Money Supply Growing or Not? P=MV A Slow Down in Velocity If You Are in a Hole, Stop Digging And More Write-offs to Come South Africa, La Jolla, Toronto and Maine The late and great Milton Friedman told us that inflation is always and everywhere a monetary phenomenon. But...
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The Muddle Through Question Clowns to the Left of Me, Jokers to the Right of Me, Here I am Stuck in the Muddle Through Middle With You! A Soft Depression? Not. South Africa and Swiss Mountains A few weeks ago I asked for readers to send me questions and said I would try and answer them while I was in...
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Written: April 11, 2008 Dear Readers, No question about it, we humans like to keep things simple. And no wonder; if the world is anything, it is chaotic. And so we look for our philosophy in un-taxing nuggets, the sort, perhaps, that might grace the back of a cereal box, be squeezed onto a bumper sticker...
Posted to
The Room
by
David Galland
on
04-14-2008
Filed under:
Filed under: Economy, Inflation, Dollar, China, Housing Crisis, Biofuels, Olympics, Food Prices, World Bank, Karl Marx, Internet
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IN THIS ISSUE: 1. The Demise & Bailout Of Bear Stearns 2. How The Bear/Morgan Deal Went Down 3. Right, Wrong Or The ONLY Thing To Do? 4. What Does The Fed Get Out Of This Deal? 5. Congress To The Rescue On Housing Crisis? 6. Conclusions - If Any Introduction The massive Fed bailout of Bear Stearns...
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Dear Readers, This week finds me writing from Room 2218 of the infamous Jekyll Island Club. The hotel's adjective comes from a secret meeting held here in 1910 involving some of America's most powerful men. Here's an official history of that seminal event... Soon after the 1907 panic, Congress...
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Thoughts on the Continuing Crisis If the Rules are Inconvenient, Change the Rules Let's Re-arrange the Deck Chairs Regulations Coming to a Hedge Fund Near You More Fun in the Unemployment Numbers A Muddle Through Recession How Much do we Borrow for a $1 growth in GDP? London, Switzerland and South...