Rates are amazing because economic news is terrible. Today’s links explore just how terrible. Plus there’s a bTunes dedication to loan agents battling rebate recapture. So click play on James Brown’s The Big Payback and read up. – Is Residential Real Estate Worse Than Depression (Ritholtz) – Will U.S. Repeat Monetary/Fiscal Mistakes of 1937? (Krugman
ZeroHedge
Zerohedge today reposted an analysis of fed chairman Ben Bernanke’s 60 Minutes interview by Michael Pento of Euro Pacific Capital. Pento makes his case that Bernanke told 2 lies: Lie #1-The Fed isn’t printing money, and Lie #2-Bernanke is “100 % confident” that, when necessary, the Fed can control inflation and reverse its accommodative monetary
Zerohedge today reposted an analysis of fed chairman Ben Bernanke’s 60 Minutes interview by Michael Pento of Euro Pacific Capital. Pento makes his case that Bernanke told 2 lies: Lie #1-The Fed isn’t printing money, and Lie #2-Bernanke is “100 % confident” that, when necessary, the Fed can control inflation and reverse its accommodative monetary
An area man created this flowchart to figure out how is mortgage was securitized. No he’s not Rube Goldberg, and this isn’t from The Onion. He’s a securitization auditor named Dan Edstrom and ZeroHedge has more. Click chart for full size.
A blog spat between TheBigPicture and ZeroHedge a few days ago is ancient history now, but seeing two heavyweights take shots at each other was rap battle-esque in its entertainment level. TheBigPicture author Ritholtz started it by asking, with his signature artisan curiousness, if ZeroHedge jumped the shark. ZeroHedge author Tyler Durden finished it, with