Archive for March 20th, 2010
The New Conventional Wisdom: It’s Shadow Banks And Regional Governments That Will Take Down China
Below is a very breif video of Omnis’s James Rickards talking about Chinese real estate, a subject of endless fascination for those of us who a) just witnessed a horrific real estate crash and b) are trying to get a better grasp on things halfway around the earth.
What makes his comments notable is that they represent what we think is the new conventional wisom: Chinese banks are healthy enough (for now) what you have to fear is the regional governments (which love the bubble because they collect so much revenue form it) and the shadow, unregulated banking system. Sound familiar?
Join the conversation about this story »
Obamacare Odds Near 90% After Stirring Speech From The President
Canada, here we come!
After The President’s speech, odds of healthcare reform’s passage on InTrade are near 90%.
Join the conversation about this story »
And Now Let’s Honor The One Man Responsible For The Coming Healthcare Revolution
Remember, we would not have had Obamacare if we never had Romneycare.
Join the conversation about this story »
62% Would Not Invest In SAC Capital
Absolute Return + Alpha is taking a poll of their readers.
They ask, “Would you invest in SAC?“
Sixty-two percent so far said no.
We’re guessing around 100 people took the poll, because after we voted the answer changed by 1%.
Maybe they’re reluctant because he charges 3 and 50?
Join the conversation about this story »
Watch Obama Caucus With The Democrats
Update: And that’s it. It’s all up to the Congressmen now.
Original post: Here it is, folks! Obama’s last-minute huddle with the Democrats. If this were 100% in the bag, this wouldn’t be necessary, so this is a big deal.
Visit msnbc.com for breaking news, world news, and news about the economy
Join the conversation about this story »