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Meet Willem Buiter's Sexy, Demented Stalker
And now for something completely different. Citi's Willem Buiter is best known for his exhaustive, often times fatalistic outlook on Europe (he will ultimately be right about the Grexit, and Spexit,...
View Article25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head
Submitted by Michael Snyder of The Economic Collapse blog,It is so sad to watch one of America's greatest cities die a horrible death. Once upon a time, the city of Detroit was a teeming metropolis of...
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GReeTiNGS FRoM DeTRoiT...
. . WB7Detroit may be a canary in the public finance coal mine, but there was no shortage of warning signals.Meredith Whitney has been hounded by MSM schadenfreudeurs since she aired her ominous...
View ArticleFact Or Fiction: Goldman Sachs Is Blowing Up A Nursing Home (And No One Can...
While none other than Meredith Whitney warned this morning (mere weeks after her most-bullish-on-banks-ever call) that big US banks' revenue model is unsustainable, we discover that the NYSE Amex...
View ArticleFrontrunning: October 10
The ice breaks; fiscal talks set (The Hill); Ryan steps up to shape a deal (The Hill), as predicted here yesterdayRepublicans consider short-term U.S. debt ceiling increase (Reuters)Shutdown Standoff...
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Detroit Pensioners Face Miserable 16 Cent On The Dollar Recovery
If there is ever a case study about people who built up their reputation and then squandered it for first being right for all the wrong reasons, and then being wrong for the right ones, then Meredith...
View ArticleBeware The 'Head-Fake' Taper As "Markets Have Now Discounted Their Own...
Submitted by James Howard Kunstler of Kunstler.com,The financial wires and pod-waves are all lit up these days like it was happy hour at the Lottery Winner’s Lounge. It appears that the American...
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The Shocking Increase Of College Tuition By State
It is common knowledge that in the hierarchy of bubbles, not even the stock market comes close to the student loan bubble. If it isn't, one glance at the chart below which shows the exponential surge...
View ArticleFrontrunning: December 24
Russia says NATO turning Ukraine into 'frontline of confrontation' (Reuters)Oil Drillers Under Pressure to Scrap Rigs to Cope With Downturn (BBG)Demonstrators Defy NYC Mayor's Call to Suspend Police...
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The Dallas Pension Fiasco Is Just The Beginning
Submitted by Jonathan Rochford via Narrow Road Capital,The recent blow-up of the Dallas Police and Fire Pension System was entirely predictable. Whilst it is tempting to blame unusual circumstances for...
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