Posts Tagged ‘economy’

Full Disclosure

January 21, 2009

Jeff Matthews Is Not Making This Up

Jeff Matthews, the  Connecticut-based author and investment advisor, has the best ever title for a blog. He also can be prescient.  Yesterday he wondered why the SEC was ignoring Apple Computer’s non-disclosure of the health problems of Steve Jobs. Today, it appears the SEC will investigate.

Matthews has been entertainingly analysing Wall Street’s best (he’s just published a book about Warren Buffett) and the worst (his blog entries on almost everyone else) since 2005.

Embarrassment of Riches

January 16, 2009

The Five Dumbest Things on Wall Street This Week

On Fridays, TheStreet.com‘s Gregg Greenberg rates the most egregious examples of greed, arrogance and stupidity in the world of business and finance. This week‘s crop of low-hanging fruit is so abundant he has to double up–putting Bank of America’s Ken Lewis and Apple’s Steve Jobs in the same item. He goes on to list Mrs. Bernard Madoff’s jewels, Lennar’s lawsuit, Bob Rubin’s resignation from Citibank and Price Waterhouse’s performance with Satyam.

Mr. Greenberg has an easy job these days.

Homes of Genius

January 9, 2009

Dr. Housing Bubble

The anonymous author of doctorhousingbubble.com has been warning about the collapse of the real estate bubble since 2006. He highlights the absurdity of the mania with his Real Homes of Genius examples of Southern California home price histories. He started by documenting the absurd price increases for tiny, unattractive properties, but now he chronicles their dizzying fall.

He backs up his anecdotal case histories with some very sobering macro-economic analysis. He has been consistently warning that the real estate crisis is just beginning, as billions of dollars of adjustable rate mortgages issued at the top of the boom reset to market rates. The worst is yet to come.