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Christopher S. Penn
The Myth About Batman 
chrisbrogan via chrisbrogan.com on Thu, 27 Nov. 2008
In a way, this is a Thanksgiving story.
The story of Batman is legendary: young boy sees his parents killed, and grows up determined to fight crime to right that wrong in perpetuity. As he develops, Batman learns mar
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Case Shiller and CAR Analysis November 2008 Release
Michael Shedlock via Mish's Global Economic Tre on Wed, 26 Nov. 2008
California Association of Realtors C.A.R. DataThe following chart is from my friend "TC" who has been monitoring California Association of Realtors (C.A.R.) and DQNews data. C.A.R. data contains resale single family residences and new homes. DQNews data contains resale single family residences and new homes.
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Grim FDIC Quarterly Banking Profile
Michael Shedlock via Mish's Global Economic Tre on Wed, 26 Nov. 2008
Inquiring minds are looking at the FDIC Quarterly Banking Profile for the third quarter of 2008. Here are some highlights from the report:Asset-Quality Problems Continue to Depress EarningsNet Income of $1.7 Billion is Second-Lowest Since 1990Loan-Loss Rate Rises to 17-Year HighNet Interest Marg
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Pledges by Fed, FDIC, Treasury, and FHA = $90k per Taxpayer
Jake via EconomPic Data on Tue, 25 Nov. 2008
We noted earlier the absolute size of this, but assuming 90 million taxpayers (there were ~86 million that actually paid taxes in 2004), max pledges made by the Fed, FDIC, Treasury, and FHA to date amount to ~$90,000 per taxpayer (or ~$
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Get Quick Feedback For Your Website
Philipp Lenssen via Google Blogoscoped on Tue, 25 Nov. 2008
Feedback Army is an incredibly useful little website where you pay $7 for feedback to a given website of yours, and then get back 10 comments. Feedback Army uses Amazon’s Mechanical Turk in the background. You enter the domain in question, say “example.com”, and then ask a b
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Black Friday — Or Not?
J.D. via Get Rich Slowly on Tue, 25 Nov. 2008
This weekend will be important for U.S. retailers. They’ll be counting their pennies carefully. With retail sales already down sharply from 2007, merchants are eager for a strong start to the holiday shopping season.
The day after Thanksgiving — now dubbed
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Citigroup Bailout Raises Viability Questions For Entire Banking System
Michael Shedlock via Mish's Global Economic Tre on Tue, 25 Nov. 2008
Still more details are emerging from the weekend bailout of Citigroup. And in what is no surprise in this corner, it appears Citigroup is not well capitalized and Faces Pressure to Slim Down.
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Old Habits Back in Vogue
panzner via Financial Armageddon on Tue, 25 Nov. 2008
Banks and credit card processors have long predicted that digital money would eventually supplant currency as the primary medium of exchange. Of couse, that was before the credit bubble burst and people realized that the modern day variant made it way too easy to spend more than one could afford. With ancient habits like saving for a rainy day coming back into vogue, is it all that surprising
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Save money, buy gas!
Captain J via Student Credit Card and Credit on Fri, 21 Nov. 2008
Not exactly. Gas prices have plummeted by as quick and steep a decline as ever, but that doesn’t mean you should start planning your cross-country treks anytime soon. Without delving into a lengthy economic analysis (which I don’t even understand), pricey fuel and a weak economy are not a great mix for stable crude oil and gas prices. Demand is down.
But enough of the economics
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category gas
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Up is Down... Down is Up
Jake via EconomPic Data on Thu, 20 Nov. 2008
Swap spreads are currently trading through Treasuries on the long end of the yield curve. Not just a few bps, but 30+ bps.What does this imply? It "implies" that investors are willing to lend to a counter-party (bank, hedge fund, etc...) at a lower rate than the U.S. government. While this isn't the reason for the inversion (I detailed back in
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category negative
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Vocito (Voe-kee-toe)*
Scott Knaster via Google Mac Blog on Tue, 18 Nov. 2008
By Dave MacLachlan, Google Mac TeamFor those of you who are lucky enough to be be part of the GrandCentral Beta Program, there's a new toy on the Google
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category Mac
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Can the Credit Crisis Impact Global Hunger?
Jake via EconomPic Data on Tue, 18 Nov. 2008
Brad Setser points out that growth in exports, which had been a source of optimism in the first half of the year, has reversed course:The non-petrol goods deficit is now moving in the wrong direction. It increased from $29.3b in June to $35.6b in August. Non-petrol exports fell by $9.9b ov
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category exports
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Planning For The Financial Aid Crisis
(unknown author) via Technorati Search for: "f on Mon, 17 Nov. 2008
Image via Wikipedia By: Brandon J. Mendeson Chris Penn, host of the popular “Financial Aid Podcast” offered his assessment of the current lending market for students: “Federal student loans should remain widely available in 2009, but private student loans will remain difficult as long as difficult market conditions persist. Additionally, due to demographics and the economy, the competit
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category Strategic
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Gold and Economic Freedom by Alan Greenspan
Barry Ritholtz via The Big Picture on Fri, 14 Nov. 2008
This article originally appeared in a newsletter: The Objectivist published in 1966 and was reprinted in Ayn Rand’s Capitalism: The Unknown Ideal
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps
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category gold
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ABX and CMBX Cliff Diving
CalculatedRisk via Calculated Risk on Thu, 13 Nov. 2008
Check out the ABX-HE-AAA- 07-2 close today. More Cliff Diving!Note: The ABX indices are based on credit default swaps (CDS) for various tranches of subprime mortgage-backed securities (MBS). For some background, here is a post
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category CMBX
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A Few Handy, Hidden OS X Shortcuts [Keyboard Shortcuts]
Adam Pash via Lifehacker on Tue, 11 Nov. 2008
It's easy to consider yourself a keyboard shortcut master until one morning you hit the wrong key combination and something exciting and new happens. Just this morning, I discovered a handful of new keyboard shortcuts on my Mac that I had never hear
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category shortcuts
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Parents Pull Kids From Day Care (And Other Deflationary Topics)
Michael Shedlock via Mish's Global Economic Tre on Mon, 10 Nov. 2008
Here is an interesting deflationary twist on the state of the economy: Parents Pull Kids From Day Care as money tightens.The nation's economic troubles play out one family at a time at the New Horizons Learning Center in this struggling city two hours northwest of Chicago.Some parents have
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category digital
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WAPO: Treasury Illegally Repeals Tax Law
Barry Ritholtz via The Big Picture on Mon, 10 Nov. 2008
Front page article in the Washington Post today, calling attention to a highly questionable aspect of the $750 billion bailout plan: A Quiet Windfall For U.S. Banks.
We learn from WaPo that th
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category tax
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AIG’s New Plan: Restructuring is now $150 Billion
Barry Ritholtz via The Big Picture on Mon, 10 Nov. 2008
The original $85 billion dollar package is now 70% higher, at $150 billion, Bloomberg reports.
The company also swung to a Q3 loss of $24.47 billion.
The U.S. will cut the original $85 billion loan that saved the New York-based insurer in September to $60 billion, buy $40 billion of preferred sha
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category government
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Bloomberg Picks a Fight With the Federal Reserve
The Prudent Investor via The Prudent Investor on Sun, 09 Nov. 2008
Information provider Bloomberg has started a fight with the Federal Reserve that may turn some stones in the secretive private organisation that has never been audited.Bloomberg had asked the Fed to see documents concerning the collateral the Fed accepts in exchange for freshly digitized credit in its bailouts. The Federal Reserve first insisted a Freedom Of Information Act (FOIA) request and
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category Fed
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