Macro

Between a rock and a hard place – that’s the scenario Ben Bernanke finds himself in as the economy decelerates drastically while inflation rises more than anticipated.

For the masochists, Nouriel Roubini proposes a perfect storm to demolish the financial markets. Of course, the probability of financial armageddon is extremely low, but you never know. Even if a handful of his scenarios come to fruition, the pain will be significant.

Do KKR Financial’s (KFN) woes signal further trouble for the private equity industry? During the height of the private equity boom, analysts …

 
Macro

Economic Indicators site to be shut down by U.S. Department of Commerce: Say goodbye to a very useful online resource due to “budgetary constraints” – lame excuse. The cost of administering a good website has diminished drastically. Enlightened government bureaucrats will still collect the data, but they don’t want to share it with private citizens.

William Ackman’s statement before Congress – The State of the Bond Insurance Industry: Interesting reading courtesy of fund manager who presciently shorted the real estate industry before the sub-prime meltdown became the crisis du jour.

Detroit home …