Weekend Links: 2009-09-19


  • FT Alphaville – Is all well at Wells Fargo?

    Wells Fargo is starting to pay for its tight-lipped limited disclosure policy.

  • From Bear to Bull: James Grant on Recession and Recovery – WSJ.com

    I don’t agree with Grant , but here it is. "James Grant argues the latest gloomy forecasts ignore an important lesson of history: The deeper the slump, the zippier the recovery."

  • Breakingviews.com – Exuberance Defies Sober New Reality – NYTimes.com

    "Is irrational exuberance back in the markets? Evidence abounds that it may be. With financial chaos abating, the return of risk appetite in stock and lending markets is logical — up to a point. But risk-taking that aspires to the boom-time norm, rather than a more sober new reality, could be premature and dangerous."

  • BUSTED: Burglar Arrested After Checking Facebook During Robbery

    "a 19-year-old Pennsylvania man was arraigned earlier this week on a charge of felony daytime robbery… the burglar left a trail, by way of checking his Facebook account before leaving the house with two diamond rings and forgetting to log out."

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  • FDIC to consider ways to replenish deposit fund | Reuters

    "U.S. bank regulators are considering tapping a line of credit with the U.S. Treasury Department and may explore other lesser-known options to replenish the dwindling fund that safeguards bank deposits."

  • Race and Stupidity « Patrick J. Buchanan

    "The destructiveness of what Carter has done is hard to exaggerate."

  • Boy, 12, is youngest H1N1 fatality | The Japan Times Online

    "A 12-year-old boy with bronchial asthma died Thursday after being infected with H1N1 swine flu, becoming the youngest domestic victim of the pandemic, an official of Yokohama City Hall said. Before the boy’s death, the 15th caused by swine flu in Japan, a 24-year-old woman in Okinawa Prefecture who died Tuesday was the youngest reported case."

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  • Dennis Kneale Is Free Tonight – Dealbreaker

    It looks like blogger hater Dennis Kneale is done.

  • FT Alphaville- The giant sucking sound of US private sector credit contraction

    "Private sector deleveraging accelerated fairly dramatically in Q2, even as financial market conditions were showing material improvement. Private sector credit contracted by $2.32 trn at an annul rate after shrinking $1.84trn in Q1."

  • Eugene Robinson – Some Obama Foes Are Indeed Racists – washingtonpost.com

    Most of it is not about race, it’s about not being a change agent. But some of it IS race.

  • FT Alphaville – Faber on China: Still right after all these years…

    "A correction in asset markets is overdue. However, any weakness in the economy and asset markets will lead to larger fiscal deficits and more money printing. Following a correction, asset markets should still move higher! Asia remains our favorite investment destination."

  • Gillian Tett – Watch Barclays in the cellar

    "These days, of course, the word “SIV” has become almost as taboo as the phrase “subprime securitisation”. Yet, as I perused this week’s announcement that Barclays plans to sell $12.3bn of credit assets to a “newly established fund” called Protium Finance – which will be independent but mostly financed by a loan from Barclays – it was hard to escape a twinge of déjà vu."

  • Distraction of the Day: Roger Federer

    I am not a big fan of Federer, because I like Nadal. But, this is an amazing shot in the match last weekend against Djokovic.


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