Dolphins surfing off the coast of South Africa.
Gliding effortlessly through the water these surfing dolphins make light work of monster waves up to 25 feet high
To what extent are we just little lemmings that they just throw down a track and we’re crash-test dummies? I mean, this is our lives.
![The chart below taken from [Bill] Gross’s [PIMCO] January 2010 Outlook shows just how dramatically the Fed and the Bank of England are currently propping up their respective economies.](http://27.media.tumblr.com/tumblr_kvxweh8j9y1qzkmzwo1_500.jpg)
The chart below taken from [Bill] Gross’s [PIMCO] January 2010 Outlook shows just how dramatically the Fed and the Bank of England are currently propping up their respective economies.
(via triketora)
If Fed Missed This Bubble, Will It See a New One?
In 2004, Alan Greenspan, then the chairman, said the rise in home values was “not enough in our judgment to raise major concerns.” In 2005, Mr. Bernanke — then a Bush administration official — said a housing bubble was “a pretty unlikely possibility.” As late as May 2007, he said that Fed officials “do not expect significant spillovers from the subprime market to the rest of the economy.”
What this shows (you have to squint a bit) is that earlier recessions were preceded by sharp rises in interest rates, as the Fed tried to choke off inflation. This produced a housing slump, with a lot of pent-up demand; when the Fed decided that we had suffered enough, it relented, and both housing and the economy sprang back.
Claims of Insider Trading From Trader’s Ex-Wife
In Ms. Cohen’s version of events, her husband and his brother, Donald Cohen, orchestrated a long-running racketeering scheme. She says her former husband lied under oath about his net worth, conducted mail and wire fraud, and concealed from her and the Supreme Court of New York millions of dollars that he possessed in 1990, thus reducing her divorce settlement.
Even in this post-Madoff era, the accusations might seem outlandish. Mr. Cohen, known as Stevie, is one of the nation’s most successful money managers. With a $13 billion hedge fund and a sumptuous Connecticut estate, he is, at 53, a Wall Street legend.
But all of this comes at an uncomfortable moment for Mr. Cohen and his company, SAC Capital Advisors. Since federal prospectors began making arrests in a major insider trading investigation in October, SAC, which is based in Stamford, Conn., has been linked to the case.
I think I’ll buy the t-shirt
LOL
