A new issues of Paul Thiel’s occasional blog is now available.
Tag: business
Confusion Over Fate Of Inflation Reaches All Time Record: Are Bonds Actually Wrong? | zero hedge
This means that either consumers and bonds are at record odds over how they view the inflationary environment in the future, or that there is no real bond market in the short end
Confusion Over Fate Of Inflation Reaches All Time Record: Are Bonds Actually Wrong? | zero hedge.
Ben’s in a Bind | zero hedge
For the vast majority of American’s QE has been a dismal failure. Stock gains for the average guy were offset by losses in real estate. There was no wealth affect there.
The Testimony of Simon Johnson | Congressional Oversight Committee
“…Powerful people at the heart of our financial system still have the incentive and ability to take on large amounts of reckless risk – through borrowing large amounts relative to their equity.
There is an insularity and arrogance to policymakers around capital requirements that is distinctly reminiscent of the Treasury-Fed-Wall Street consensus regarding derivatives in the late 1990s – i.e., officials are so convinced by the arguments of big banks that they dismiss out of hand any attempt to even open a serious debate.
Next time, when our largest banks get into trouble, they may be beyond “too big to fail”. As seen recently in Ireland, banks that are very big relative to an economy can become “too big to save” …
…what the Bank of England refers to as a doom loop“.
Why Isn’t Wall Street in Jail? | Rolling Stone Politics
…the justice system not only sucks at punishing financial criminals, it has actually evolved into a highly effective mechanism for protecting financial criminals. This institutional reality has absolutely nothing to do with politics or ideology — it takes place no matter who’s in office or which party’s in power. To understand how the machinery functions, you have to start back at least a decade ago, as case after case of financial malfeasance was pursued too slowly or not at all, fumbled by a government bureaucracy that too often is on a first-name basis with its targets. Indeed, the shocking pattern of nonenforcement with regard to Wall Street is so deeply ingrained in Washington that it raises a profound and difficult question about the very nature of our society: whether we have created a class of people whose misdeeds are no longer perceived as crimes, almost no matter what those misdeeds are.
Fourth Quarter 2010 Economic Report Card | Nancy D. Sidhu
According to “advance” estimates of the Bureau of Economic Analysis released last week, the U.S. economy grew by +3.2% last quarter (seasonally adjusted annual rate or SAAR). This marked the sixth consecutive quarterly increase since the recession ended in mid 2009. Furthermore, the level of economic activity has finally overtaken that recorded in the last quarter of 2007 (the recession officially began in December 2007).
Progress was evident in many sectors of the economy during the fourth quarter:
Continue reading “Fourth Quarter 2010 Economic Report Card | Nancy D. Sidhu”
Small Business Bill HR 5297 | An Overview
HR 5297 passed the Senate last week. It will rush through the house and likely be signed into law by President Obama as early as Friday of this week. This bill will have a huge impact on business. Here, courtesy of Jack Kykendahl and Tom Yuhas is a quick run down of the bill:
Continue reading “Small Business Bill HR 5297 | An Overview”
ABAOC – PROCON and Asian Global Sourcing Conference, October 14th
Y Combinator, TechStars: Investor Mentorship and Leverage Outweigh Capital | Fast Company
“You’re starting to see a trend of investors having to work harder to convince founders that they should be able to invest in that company,” he explains. “There is very much early-stage capital available for startups–many are getting involved in angel investing, and lots of traditional VCs are too. Founders are now asking investors, What are you going to do? Why should I take your money over the other angels? On a day-to-day basis, why is having you in my company going to be a good thing? These are questions that people never asked before.”
Dispatches From The Front 