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Money market funds now guaranteed
Accounting reforms are coming
Pulling back from the abyss
Deregulation did not cause this crisis
Calafia beach morning
This eclipses the '87 crash in a way
What if the sky doesn't fall?
VIX hits post-'87 crash high
Inflation update; still drifting higher
Thinking about the "bailout"
Markets are braced for bad news
Money is plentiful
Thoughts on subprime stuff
More thoughts on the bailout (2)
More thoughts on the bailout
Capital goods orders still healthy
Existing home sales have stabilized
Households' financial burdens are not excessive
Do we really need a $700 billion bailout?
Origins of the current crisis
The inflation trade is back with a vengeance
Real yields are rising and that's good
Palin continues to lift McCain
Forgotten facts
Most exciting election in recent memory
Back to worrying about inflation
Relief rally
California home prices plunge, another good sign
Households are still in decent shape
Positive developments
Another measure of fear
Fear and trembling update
Putting the bear market in context
Housing construction can't shrink much further
Now it's a banking crisis
What if Obama loses?
The Fed does the right thing by not easing
Ok, this is a serious crisis, and that's good
It doesn't matter whether the Fed cuts rates tomorrow
A financial crisis, not an economic crisis
The market is very nervous, but it's not panic (yet)
Federal finances are not in terrible shape
Palin vs Gibson: stalemate
McCain takes the lead in the betting
What credit implosion?
Foreign trade looks very healthy
Large cap stocks are set to outperform
Consumer confidence is very low and that is a good...
Long-term track record of equities
The dollar has seen its lows
We don't really need Freddie or Fannie
Tighter spreads are good news
Krugman is wrong about deflation
Jobs: not a recession yet
10% is actually a very big number
Commodity prices are still very high
Auto sales appear to have bottomed
Sarah Palin's speech was very impressive
The bond market is not a good inflation predictor
Most of the bad news on profits is out
Equities are not overpriced
Agency spreads are driving all spreads higher
The trade deficit is narrowing in the best way
Oil is down $35, but it's still very expensive
McCain the supply-sider
Hockey moms and pit bulls
Construction spending declines are moderating
ISM survey still consistent with moderate growth
Check out this chart
Obama's plan to transform American society
About Me
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Favorite blogs
Brian Wesbury
Cafe Hayek
Calculated Risk
Carpe Diem/Mark Perry
Cato-at-liberty
Coyote Blog
Don Luskin
Donald Marron
Ed Yardeni
Greg Mankiw
Instapundit
John Cochrane
John Gruber
John Taylor
Keith Hennessey
Larry Kudlow
Marginal Revolution
Mark Perry
Power Line
RealClearMarkets
RealClearPolitics
Richard Epstein
Scott Sumner
Stephen Williamson
Watts Up With That?
Zero Hedge
Favorite books
"A Random Walk down Wall Street" -Burton Malkiel
"FDR's Folly" -Jim Powell
"I Am John Galt" -Don Luskin
"Panic" -Andrew Redleaf and Richard Vigilante
"Parliament of Whores" -P.J. O'Rourke
"Popular Economics" -John Tamny
"The Education of a Speculator" -Victor Niederhoffer
"The Financial Crisis and the Free Market Cure" -John Allison
"The Seven Fat Years" -Robert Bartley
"The Way the World Works" -Jude Wanniski
"Wealth and Poverty" -George Gilder
Monday, September 29, 2008
VIX hits post-'87 crash high
Lots of panic selling going on. We could be very near a final capitulation that would mark the bottom. I hope.
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