This Week: The Eurobond Coalition Plans To Gang Up On Angela Merkel
05/21/2012 - 7:45am
Here are a couple of headlines from Greek newspaper Ekathimerini...
Basically: A Eurobond coalition (headed by Hollande, but backed by Spain's Rajoy and Italy's Monti) are going to push against the increasingly isolated Merkel to really push on the mutualization of debt.
NASDAQ Admits It Botched Facebook IPO: 'This Was Not Our Finest Hour'
05/21/2012 - 7:15am
Facebook's stock was supposed to begin trading at 11:00 am on the dot Friday, but instead it was delayed for a full half hour. Now NASDAQ is admitting it screwed up and offering an explanation as to what happened.
GOLDMAN DIRECTOR'S DEFENSE: Someone Else Leaked All That Secret Inside Information To Rajaratnam
05/21/2012 - 6:26am
NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles.
The Depression led to an effort to enhance and expand data collection on employment and I was hoping the housing bubble and bust would lead to a similar effort to collect better housing related data. From the BLS history:
It's clear from reading various analyst/strategist notes, and listening to investors that a new conventional wisdom is starting to harden on Greece.
Conventional wisdom is often wrong and it frequently changes, but it's useful to know what it is at any given time if for another reason than that you know what is a surprise and what isn't.