Commentaries

Now raising intellectual capital

Early links, Aug. 24

August 24, 2009

Goldman Sachs gives additional research “market color” — nudge, nudge — to preferred clients. (Wall Street Journal)

Gretchen Morgenson looks at the swelling ranks of troubled banks. (New York Times; Yves Smith’s take, Naked Capitalism). Dick Bove, meanwhile, estimates that as many as 200 more banks will fail in this crisis. (Reuters)

Nouriel Roubini sees an increased risk of a double-dip W-shaped recession. “For a start, there are risks associated with exit strategies from the massive monetary and fiscal easing: policymakers are damned if they do and damned if they donā€™t. If they take large fiscal deficits seriously and raise taxes, cut spending and mop up excess liquidity soon, they would undermine recovery and tip the economy back into stag-deflation (recession and deflation).” (Financial Times)

How Eddie Lampert is starving Sears and why he may be running out of time. (It appears I was wrong to suggest otherwise. Barron’s)

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