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Fannie Mae: Continental Western Points Out Lambreth Ignored Supreme Court Precedent

Fannie Mae: Continental Western Points Out Lambreth Ignored Supreme Court Precedent by Todd Sullivan, ValuePlays UPDATE: The court has accepted the brief and Treasury has 15 days to reply ONLY re: Perry decision This is good stuff… Charles Cooper...



David Einhorn Pitched SunEdison At A Conference And The Stock's Going Gangbusters

Billionaire hedge fund manager David Einhorn, who runs Greenlight Capital, pitched SunEdison as a long at the Robin Hood Investors Conference, according to a source who's present. The semi-conductor's stock has jumped about...



Warren Buffett just lost $1B on this

Warren Buffett does not like to lose money in general, so losing $1 billion before lunch on a Monday morning can not be going down...



Does it reflate economies if all nations increase their exports?

The Germans lecture the periphery to engage in structural reform and increase their exports.  A variety of IS-LM Keynesians strike back and note that not all nations can increase their net exports, therefore it is a kind of zero-sum game which...



China’s Rapid Growth Model Is About To Slam Into A Wall

Chinese growth is set to be slashed in half in the next decade, according a report on the country’s changing economy covered by the Wall Street Journal.   The report from the Conference Board says China is heading for “a...



Regressing to the mean in China or why if something cannot go on forever, it will stop

With a h/t to Marginal Revolution, here’s Larry Summers and Lant Pritchett on why — for the same reason the USSR didn’t overtake the US, and Shinzo Abe has a tough job on his hands — “excessive...



New York morning espresso

** FT News ** * Russia widens crackdown on McDonald’s | The latest salvo subjects almost half of the US group’s outlets in Russia to regulatory probes * Rousseff admits to Petrobras wrongdoing | Brazil’s president looks to put a...



Twitter Inc (TWTR)’s Data Endangers Freedom Of Speech: Commissioner Ajit Pai

Twitter Inc (NYSE:TWTR) is at the centre of any study that revolves around understanding the spread of information in today’s digital age. However, such studies and their results tend to be hovering very close to the boundary of freedom of...



A Q&A With San Francisco Fed’s John Williams

San Francisco Federal Reserve Bank President John Williams Reuters The Federal Reserve should end its bond-purchase program as planned at its policy meeting this month, John Williams, president of the Federal Reserve Bank of San Francisco, said in...



What is global market turbulence telling us?

The extraordinary volatility in all financial asset classes in the past week can only be described as ominous. On Wednesday, the US ten year treasury, perhaps the most liquid financial instrument in the world, traded at yields of 2.21 per cent and 1.86...



The Ebola risk premium

Underpaid or overpaid?: They’re looking for the few, the proud — and the really desperate. For a measly $19 an hour, a government contractor is offering applicants the opportunity to get up close and personal with potential Ebola patients at...



How will Saudi Arabia respond to lower oil prices?

Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, don’t hold your breath. Source:...



Stocks could fall another 50 percent or more (1353779)

Do stocks have much further to fall? The Wall Street Journal's Brett Arends asks that question. Despite Friday's boomlet, the Dow Jones Industrial Average still closed the week down 1%, and the broader S&P 500-stock index ended also down...



The Civility Whine

Of derp, homework, and ad...



Inflation derps are people from the concrete steppes

Suppose I lend you $1,000, at 0% interest. But I warn you that as soon as you spend that $1,000, or lend it to someone else to spend, I will immediately make you repay the loan, or else raise the interest rate high enough to make you regret spending it...



(Early) Monday Clifford Asness Smackdown

Yes, I am happy that I am able to postpone reading further in chapter 11 of David Graeber's Debt: My First 5000 Mistakes for another week... Why? Because Joe Wiesenthal wants me to react to this, which has to be read in parallel with this, of...



Coyote’s Pipe Dream

He writes today: I learned a real lesson about politics from my brief involvement in this issue — which is, don’t ever become involved again.  I am still frankly reeling from the refusal of gay rights activists to work with our...



China Flinched

China flinched again. The country's central bank will inject $32 billion into the country's banking system, according to the Wall Street Journal. The capital will go to 2o major and regional banks. This is what the government refers to as...



Hedge Fund News: James Dinan, John Burbank & David Einhorn

Milwaukee Bucks add third hedge fund owner (CNBC) The big “bucks” keep flowing from Manhattan to Milwaukee. Billionaire investor Jamie Dinan, founder of York Capital Management, has joined fellow hedge fund managers Marc Lasry of...



Cuban Happy With Incidental Purchase of Netflix

After selling puts, Internet entrepreneur and Dallas Mavericks owner outlines a revolutionary business model and isn't alone in seeing the opportunity Mark Cuban apparently recognizes the revolutionary aspect of the Netflix, Inc. (NASDAQ:NFLX)...



Don’t Hold Your Breath for Double-Digit Increases in Housing Starts

Friday’s report on housing starts does little to change the overall trajectory of the sector’s uneven recovery. Single-family construction, after ramping up from extremely depressed levels in 2011 and 2012, appears to have recovered from last...



Yellen, Perspectives on Inequality and Opportunity from the Survey of Consumer Finances



To Restore Confidence in Economy, a Test of Europe’s Banks

The results, which are set to be released next weekend, may further rattle the markets if banks unexpectedly have to write down bad loans and quickly raise...



A Secret Document Detailing Divisions At The ECB Just Got Leaked

The New York Times has got hold of several months worth of European Central Bank minutes, running between May 2012 and January 2013.  The ECB is notoriously secretive, and unlike the Federal Reserve, Bank of Japan and Bank of England, releases...



At the Oregon Economic Forum: Introducing Doug Elliott: "Making Wall Street Work for Main Street

I am very happy to be here this morning to introduce the Oregon Economic Forum's Keynote Speaker, Doug Elliott of the Brookings Institution, and to set the stage for his talk. To do that, let me ask all of you to cast yourselves back to 2006, to...



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Fannie Mae: Continental Western Points Out Lambreth Ignored Supreme Court Precedent

Fannie Mae: Continental Western Points Out Lambreth Ignored Supreme Court Precedent by Todd Sullivan, ValuePlays UPDATE: The court has accepted the brief and Treasury has 15 days to reply ONLY re: Perry decision This is good stuff… Charles Cooper...



What is global market turbulence telling us?

The extraordinary volatility in all financial asset classes in the past week can only be described as ominous. On Wednesday, the US ten year treasury, perhaps the most liquid financial instrument in the world, traded at yields of 2.21 per cent and 1.86...



David Einhorn Pitched SunEdison At A Conference And The Stock's Going Gangbusters

Billionaire hedge fund manager David Einhorn, who runs Greenlight Capital, pitched SunEdison as a long at the Robin Hood Investors Conference, according to a source who's present. The semi-conductor's stock has jumped about...



PIMCO Is Already Bleeding Billions

It's already begun. Investors are yanking cash out of PIMCO after the shock departure of Chief Investment Officer Bill Gross, who left on Friday to go to Janus. Gregory Zuckerman at WSJ reports: Pacific Investment Management Co. suffered roughly...



Morning News: October 2, 2014

Draghi’s ECB Buying Spree Expected to Start Modestly Borrowers Will Struggle When Rates Increase Russian Officials Say No Plans for Capital Controls WTI Crude Slips Below $90 for First Time in 17 Months Corporate U.S. Healthiest in Decades Under...



Mario Draghi Says He Is 'Just Like Hercules Confronting The Hydra'

European Central Bank chief Mario Draghi compared himself and other European policymakers to Hercules yesterday. This wasn't some passing reference to the (genuinely) "Herculean" task he faces trying to kickstart the European economy and...



Baby Boomers Are A Bigger Force In The Stock Market Than Millennials

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. It's The Baby Boomers — Not Millennials — Who Are Driving Stock-Market (Financial Advisor Magazine) Everyone's...



Here Are The Worst Countries To Grow Old In

The global population is aging rapidly. Today, there are roughly 868 million people who are at least 60 years old globally, or about 12% of the world’s population. By 2050, more than 2 billion people will be 60 or older, or 21% of the projected...



Canadian Pacific Turnaround Under Ackman a Sign of Next M&A Wave

NEW YORK (TheStreet) -- Corporate restructurings through asset sales,amanagement change and operational improvementamay be laying the foundation foraa new wave of large acquisitions, as C-suites look to M&A as the finalastep in a turnaround. Deal...



Fixing the World, Bang-for-the-Buck Edition Full Transcript

This is a transcript of the Freakonomics Radio podcast “Fixing the World, Bang-for-the-Buck Edition” [MUSIC:Vagabond Opera, “Hanumonsoon” (from Sing For Your Lives)] Stephen J. DUBNER: Hey podcast listeners. The episode...



How will Saudi Arabia respond to lower oil prices?

Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, don’t hold your breath. Source:...



EBay splitting PayPal off as a separate company

EBay’s board of directors has approved a plan to separate the company’s eBay and PayPal businesses into independent publicly traded companies next year.Creating two stand-alone businesses best positions eBay and PayPal to capitalize on...



New York Times to cut jobs as new products disappoint

(Reuters) - The New York Times Co said on Wednesday it would cut jobs, including about 7.5 percent of newsroom positions, to lower costs as advertising revenue from its print business dwindles and new products fall short of expectations. ...



Time to Reduce Allocation To Small Caps?

Time to Reduce Some Small Caps? by Todd Sullivan, ValuePlays “Davidson” submits: I think it is time to consider an adjustment to Small Cap allocations. The performances of the Russell 2000 (INDEXRUSSELL:RUT) (Small Cap stocks), the SPDR...



Coyote’s Pipe Dream

He writes today: I learned a real lesson about politics from my brief involvement in this issue — which is, don’t ever become involved again.  I am still frankly reeling from the refusal of gay rights activists to work with our...



GULF WAR 3: Congress in no rush to return for authorization...

GULF WAR 3: Congress in no rush to return for authorization...(Third column, 6th story, link)Related stories:Iraqi PM: Plot To Attack New York, Paris Subways Uncovered...Iran Demands Obama Apologize for Rise of Jihad...BOMBINGS BLAST OIL FIELDS!PAPER:...



iPhone Couldn’t Save September’s Disappointing Retail Numbers

Sales at electronics and appliance stores in September posted their largest monthly gain since April 2013, with sales rising 3.4%, the Commerce Department reported on Wednesday. A customer holds an iPhone 6 on display at the Fifth Avenue Apple...



Fannie Mae, Freddie Mac: Perry Appeal Timeline Set

Fannie Mae, Freddie Mac: Perry Appeal Timeline Set by Rodd Sullivan, ValuePlays November is going to be a very busy month kids…. Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage...