Quotable
"One of the lessons that investors seem to have to learn over and over again, and will again
in the future, is that not only can you not turn a toad into a prince by kissing it, but you cannot
turn a toad into a prince by repackaging it. But very imaginative people in the securities market
try to do that. If you have bad mortgages they do not come better by repackaging them.
To some extent the chickens are coming home to roost for the mortgage originators and securitisers."
Warren Buffett, Financial Times, October 26, 2007
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Manufacturing in U.S. Expanded for a Second Straight Month
- Bloomberg
- 10/01/2009 09:28 AM
U.S. Initial Jobless Claims Increased 17,000 to 551,000
- Bloomberg
- 10/01/2009 07:52 AM
European Unemployment Rises to Highest in More Than a Decade
- Bloomberg
- 10/01/2009 04:55 AM
Saturn Falls Along With Penske Deal
- Washington Post
- 10/01/2009 04:23 AM
Market Movers
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Drop in manufacturing activity sends stocks lower
- AP
- 10/01/2009 09:12 AM
Commentary
Credit Bubble Bulletin
by Doug Noland | Sep 25
The week provided somewhat of a reality check for the growing crowd of bulls.
Read moreThe Bear's Lair
by Martin Hutchinson | Sep 28
Towards a Reality-based Capitalism
A new webzine, CFOZone, has highlighted a study showing that companies which declare "pro-forma" earnings (dolled up by management to reflect the most favorable assumptions) suffer increased attention from short sellers, about $1.3 million worth initially after the pro-forma earnings declaration – just north of 1% of trading volume.
Read moreFeatured Commentary
by Satyajit Das | Sep 14
The Global Financial Crises' Placebo Effects
Botanical commentators are finding "green shoots."
Read moreGuest Commentary
by John Magnun | Sep 24
The Gold-Dollar Tsunami is Picking Up Steam
Undoubtedly you have seen some of the personal videos of the tsunami that hit Thailand and Indonesia in 2004.
Read more
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