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This rant is from the multiple political ideologies that live inside my head. They need a place to come out and play. (In a politically offensive way) Entry into this space is not advised!

Friday, January 25, 2008

A wild week for the finance sector.

Infectious Greed crunches the numbers and compares it to panics of yesterday.


While Bespoke looks at past recessions, bulls and bears.


Don't be fooled by the stock markets “recovery”. That was just the orchestra tuning up for the 1812 overture. (or is that the 1929 overture). Jim Jubak has a warning about bear markets.


Naked capitalism counts up the layoffs on Wallstreet.


Existing home sales continued to be ugly (pdf warning)


Calculated risk graphs it out for us.


While Washington tries to re-inflate the housing bubble.


Ben Bernanke showed what he's made out of (turns out, it's that paper they use for oragami).


Yet Wallstreet thinks it is going to get another .5% next week?


And everyone wants to know how you lose 7.2 bilion dollars. Certainly gives me confidence about what the big banks are doing with our savings accounts. The whole thing seems kind of fishy.


George Ure and Halfpasthuman released more of their predictions for 2008, based on computerized analysis of web “chatter”. (pdf warning) It looks pretty grim. All that's missing are flesh eating zombies and alien parasites.

And does anyone really think the “stimulus package” is anything but an election year public relations stunt?

And then there is the little problem of food prices.....
The USDA has a nice page summarizing world grain production.


Of major interest are tables 14, 15 and 16. (Wheat and Coarse Grains, Corn and Barley, and Rice.)

Wheat and Coarse Grains
Corn and Barley
Rice

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