JimWelshontheEconomy:PastthePointofNoReturnbyJohnLounsbury
ThisweekIreadoneofthebestessaysonthecurrenteconomyandtheheadwindswefaceinJohn_Mauldin’sOutsidetheBoxnewsletter.TheauthorisJimWelsh,alongtime(since1979)investmentprofessionalandasuccessfuldiscretionarymoneymanagersince1986.HeistheprincipalofWelshMoneyManagementLLC.Jimhasbeenpublishingamonthlynewsletter,TheFinancialCommentator(available...[
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USStressTestCapitalRequirementResultsSummary(Table)
May6(Bloomberg)--Followingisasummaryofthecapitalrequirementsof10banksresultingfromU.S.regulators’stresstests,accordingtopeoplefamiliarwiththematter.TheFederalReserveisscheduledtoreleasetheresultsofthetestsonthe19largestU.S.bankstomorrow:
*T
==============================================================================CompanyCapitalRe...[
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Don'tBeFooled,We'veBeenHereBeforebyToddSullivan
Themarket,afterthegutwrenchingsell-offearlier,isnowofficiallypositivefortheyear.Thingsarerosyandwecanembracethenewbullmarket,right?Notsofast.
Let'snotforgetwearestillover40%offfromthemarkethighsof2008,thenationaldeficitanddebthasofficiallyexplodedpasteventheworstassumptionsofayearago,unemploymentisracingto...[
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There’screativedestruction,andthenthere’sthisByJameDiBiasio|6May2009
BobBarbera,protegeofMinskyandanintellectualheirtoSchumpeter,forecastsstabilitybutnotgrowth.
SofarTeamObamaseemstobehittingmostoftherightnotes,despiteacrashinglypoordebutbyUSTreasurysecretaryTimGeithner,saysRobertBarbera,US-basedseniorvice-presidentatITGandaneconomicsdepartmentfellowatJohnsHopkinsUniversity.Butwhilehethi...[
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TheriseandriseofICBCByDanielInman|6May2009
Moody'sdiscussessomeofthecharacteristicsoftheworld'slargestbank.
WhileWesternbankstrytopickthemselvesupfromthesetbacksbroughtaboutbythefinancialcrisis,Chinesefinancialinstitutionsstandtall.AndthereisnonetallerthantheIndustrialandCommercialBankofChina(ICBC),whichistheworld'slargestbankintermsofmarketcapitalisation,depositsandtotalprofits.Althoughth...[
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老照片：1964年版人民大會堂《東方紅》劇照(組圖)網易曆史
《東方紅》的編排竟是在周恩來倡導下進行。《東方紅》的編排是在周恩來的倡導下進行的。編導組以陳亞丁、周巍峙為首，他們既是著名藝術家又擔任著文藝領導的職務。僅舞蹈編導組就包括了以查烈為首的29人。排練曆時數月，首演式及以後的演出均在人民大會大會堂舉行。這部作品以嚴謹的結構，宏偉的氣勢[
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RecessionRedux:That70sShowbySeanHannon
Historydoesnotnecessarilyrepeatitself,butitcertainlyrhymes.Bylookingtothepast,wecaninferlessonsthatwillbevaluableinthefuture.ThecurrentrecessionandassociatedbearmarkethaveoftenbeencomparedtotheGreatDepression.AsoftendiscussedinmyweeklynewsletterEPICInsights,Ineverthoughtsuchacomparisonwasappropriate.Instead,Ibelievethemoreaptcomparisonisthe1973-1974bearma...[
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Stockvs.BondPerformancebyRichardShaw
Bondshaveoutperformedstocksinthepastdecade,andoversignificantperiodsoverthepast200years.IndexUniversepublishedanexcellentarticlebyBobArnottonbondsperformanceversusstocksperformance.Werecommendreadingit.Fromthearticle:Mostobservers,whetherbondskepticsoradvocates,wouldbeshockedtolearnthatthe40-yearexcessreturnforstocks,relativetoholdingandrollingordinary20-ye...[
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Bernanke'sConundrum:StuckBetweenaRockandaHardPlacebyBruceKrasting
Mr.BruceKasmanofJPMorganChase(JPM)updatedhisGDPforecastonFridayafternoon.Hispriorforecastwasontherosyside.Hisrevisedassessmentisdecidedlyoptimistic.SeveralotherstreeteconomistsrushedtojoinedMr.Kasman’ssunnyviewthisweekend.
TheJPMviewisthatGDPwillrecoverbythe3rdquarterandresumepositivegro...[
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AssetownersmakeopeningmovesByJameDiBiasio|4May2009
AnupsurgeintransitionmanagementmandatesshowsAsia’sinstitutionalinvestorsaremovingtowardsimplementingstrategicassetallocations.
ThefollowingfeatureappearedintheApril2008editionofAsianInvestormagazine.Forsubscriptions,pleasecontactRichardSantoroonrichard.santoro@asianinvestor.net.
Transitionmanagersreportarapidriseinmandatesfrominstitut...[
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