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年版人民大会堂《东方红》剧照(组图)网易历史
《东方红》的编排竟是在周恩来倡导下进行。《东方红》的编排是在周恩来的倡导下进行的。编导组以陈亚丁、周巍峙为首，他们既是著名艺术家又担任着文艺领导的职务。仅舞蹈编导组就包括了以查烈为首的29人。排练历时数月，首演式及以后的演出均在人民大会大会堂举行。这部作品以严谨的结构，宏伟的气势[
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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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