Elsewhere on Wednesday,
- Yet more on Bear: “Bear Stearns’s financing team — whose job it was to replenish the firm’s operational funding by making new lending agreements each morning — began dutifully dialling creditors. On the sixth floor, there was talk of ordering breakfast from Dunkin’ Donuts.”
- Part I - in table form.
- “For us, the whole circus concerning analysts mentioning ever higher round numbers has seemed a very hollow one indeed.”
- “In April, the existing homes Months of Supply hit 11.2 months, and will probably be over 12 months this summer. This suggests nominal price declines of around 5% in Q2.”
- More on commods speculation.
- “What is most challenging is to find effective policies to deal with the consequences of extremely asymmetric expansion of the global economy.”
- Where have all the nannies gone?
-…”paying a dividend is not the equivalent of a Wall Streeter blowing his paycheck on cocaine and lobster when he should be saving for grandma’s operation.”
- “Actions that make us feel good are usually a lot less profitable than the ones that make us feel bad or stupid.”
- SWFs: “This is our bridge to the peaceful, progressive Arab world, and if we don’t cross this bridge, and blow it up through excessive regulation or just simply anti-Arab or anti-Muslim bias, we miss a real opportunity.” (via SWF Radar)
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