Step 1: dominate financial media in the social media era. Step 2: Fix the entire capitalistic system.
Bloomberg
Matt Miller's Song of The Day on Bloomberg is already feeling the pull of Rocktober.
Is financial media just entertainment? Or does it help you make good decisions?
What's next, a horse head in Monti's bed?
What's next, a horse head in Monti's bed?
Always stoic Mark Crumpton’s not looking so good as he reports on the writers suing AOL/HuffingtonPost for a piece of the $315m AOL acquisition. (Either that or my stream froze up at the least flattering moment imaginable! Sorry Mark, just playing around … your sangfroid makes you one of the best broadcasters in the business).
Here’s a piece today from Michael Lewis, the man who can usually make complicated financial matters simple. This is his dissent on the findings of the Financial Crisis Inquiry Commission, of which he was a member. The fact that it’s uncharacteristically unclear—especially the part about women on Wall Street—proves how complicated an issue this is.
Today and every Thursday, Freddie Mac releases results of a survey showing what rates are on single family home loans up to $417,000. And the overwhelming majority of mainstream media reports on the topic today talk about how rates have risen along with Treasuries. WRONG. Mortgage rates referenced in the Freddie Mac survey aren’t tied
WTF? Bloomberg Live TV web stream started showing soap operas last night and cartoons all day today. Is this a hack from Operation Payback? Am I the only one seeing this? [UPDATE: They must have cut off the old ‘Noir’ site feed last night because here’s the new cartoon-free feed. And while that doesn’t explain
Bloomberg scores high marks for simply reporting and not editorializing. Which is why this picture of Goldman Sachs CEO Lloyd Blankfein they’ve been running repeatedly all over their site for the past 1.5 weeks raises an eyebrow (or causes one to furrow). Sure you could argue this is editorializing, especially when they used it in
Following Obama’s job stimulus announcement Tuesday, Bloomberg just released a poll showing that Americans agree with the plan to create jobs through spending on public work and alternative energy initiatives. The poll also shows that Americans also want the deficit reduced, with two-thirds of respondents favor taxing the rich to do this. If only it
Blomberg had a good piece over the weekend about differing strategies among global central banks. Specifically how will each region end accommodative rate policy? The crux is that central banks have to eventually unwind two things: rate cuts and asset purchases. The latter is what has driven rates down in the U.S. From just after
This is a telling graphic from Bloomberg today. The government (via the Fed) is buying 28% of all mortgage bonds, as which we discuss often on this site, is the reason mortgage rates are so low in 2009. The Fed is also buying 10% of all Treasuries which helps keeps the broader rate complex (beyond
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