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BUBBLE

The Wire

Next asset bubble could come sooner than you think

The next financial bubble could come sooner than you think.

Seven lessons from the financial meltdown

The Panic of 2008 upended much of the financial “conventional wisdom” most individuals took on faith. Here are seven (once) widely held principles that turned out to be seriously flawed.

Drivers need more speed for Indy 500 qualifying

Rookie Nelson Philippe finally solved some of his car problems Saturday.

For Obama, getting out and about just got tougher

Among the pressing questions swirling at the dawn of the Obama administration: Will Michelle and Barack Obama's Friday date nights survive?

Lawmaker goes home, comes back supporting bailout

For Rep. Ileana Ros-Lehtinen, it was a day to let the world know she'd changed her mind on the mammoth $700 billion measure for reeling financial firms.

Bubble burst? Off-Broadway show's suds stolen

The bubble might have burst for off-Broadway's "Gazillion Bubbles Show." Someone has stolen the show's specialized soapy bubble solution, which takes two months to make.

Some see oil bubble; others see trouble

The recent trajectory of oil prices — a fairly steady increase followed by a much more vertical rise — has a familiar look to it. Remember those charts of tech stocks and housing prices? It's hard not to wonder: Are oil prices forming the next big “bubble?"

Good Day for Wildcats on Bubble

Arizona's NCAA tournament streak lives — barely.

Bubble Trouble: Are Treasurys Overbid?

Investors' raging demand for safe assets over the past six months may have created a bubble in the Treasury market — and some onlookers expect to hear a bursting sound any minute now.

Bazooka Recipe Open to Foreign Gum Maker

In a bid to resolve a sticky mess, a judge has decided that an Argentine company can continue making its sweet-tasting Bazooka gum even though its relationship with The Topps Co. that made the brand famous has long since soured.

'Bubble' Release Deemed Success by Backers

The independent film "Bubble" was barely a blip at movie theaters this weekend, but its pioneering multi-pronged distribution strategy has created more than its share of buzz.

The Vine
Fears of a New Bubble as Cash Pours In
Source: Wall Street Journal

Concerns are mounting that efforts by governments and central banks to stoke a recovery will create a nasty side effect: asset bubbles in real-estate, stock and currency markets, especially in Asia.

Jobs, Jobs, Jobs and Wall Street/Stock Market (Myth of Economic Recoery, part II): The Stupidest People On Earth Confuse Limbaugh and Hannity, But Not Me

This is part II of my article on the myth of a strong economic recovery, as both the mainstream media and financial media (for the most part, now really part of the mainstream media) misreport the economic news--after misreporting the economic news exactly the opposite way when a …

So You Just Squandered Billions . . . Take Another Whack at It
Source: The Washington Post

You've probably never heard of Jay Levine, Chris Ricciardi, John Costas or Stanford Kurland, but they are charter members of Wall Street's Mulligan Club.

Let's face it. Bush and Greenspan put Obama in the White House.Turns out the man doesn't walk on water. And yet, the economy may be improving.

If I wrote a cheery article about the bright and sunny, overly optimistic upturn in the U.S. economy, I would have my head handed to me by my Friends on newsvine.

"Bubbleologist" Is This the World's Largest Free-floating Bubble?
Source: the Mail online

Sam Heath has created "what is thought to be the world's largest free-floating soap bubble."

Bubbleologist Samsam Bubbleman blows the world's largest free-floating soap bubble
Source: Telegraph

'Bubbleologist' Samsam Bubbleman attempts to set the record for the world's largest free-floating soap bubble

Housing Boom Inspired Relocations
Source: roadhouserealty.net

A side-effect of the housing boom, and now the housing slump, is just now coming to light. The number of people that actually moved to different cities, hoping to capitalize on the growing market, increased significantly.

Photographer captures moment a bubble bursts
Source: Telegraph

A breathtaking picture of the exact moment when a bubble is burst has been captured with a slow-motion camera.

The Man Nobody Wanted to Hear: Global Banking Economist Warned of Coming Crisis
Source: SPIEGEL ONLINE

William White predicted the approaching financial crisis years before 2007's subprime meltdown. But central bankers preferred to listen to his great rival Alan Greenspan instead, with devastating consequences for the global economy.

The Great American Bubble Machine---- Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
Source: Rolling Stone

"If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed alw …

Not so fast: Appetite for risk may have returned, but the crisis is not over
Source: The Economist

After all, the problems that existed at the start of this crisis have not gone away. Delinquencies on American mortgage loans are still rising: the seasonally adjusted rate in the first quarter was higher across all categories.

Foreclosure rates reach record high
Source:

The foreclosure rate for March 2009 hit a new record high of 803,489 properties, or one in every 159 housing units, according to a RealtyTrac report. Foreclosures rose by 17 percent over one month, from February to March, and by 46 percent since March 2008

Obama would regulate new 'bubbles'
Source: Politico

As he battles the economic downturn, President Barack Obama is bracing Americans for a recovery different than any in recent memory – not a go-go return to prosperity like the 1990s but a slow, steady climb to stability.

Sunday Linkage

Highlights from reading Sunday NYTimes and Seattle Times (the dead-tree versions). In no particular order (so sue me!):

Banks aren't reselling many foreclosed homes
Source: The San Francisco Chronicle

A vast "shadow inventory" of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.

Will house prices ever recover?
Source: lovemoney.com

Commentators have been competing to produce ever gloomier property market prognostications for months, but now we have a clear winner. Last week, City bank Numis Securities trumped all rivals by claiming among house prices would fall by another 55%.

A little boy asked...

"...if the economy is bad, why don't we just change it?" Let's say this little boy name is Tommy. What your answer be to help him understand? Will it be an argument of left or right?

Zero Gravity Water bubble
Source: YouTube

This link will take you to a video of a water bubble as big as a human head, reacting to kinetic energy in a zero gravity environment.

A local example of the mortgage mess
Source: Central District News

The real estate bubble and crash embodied in a (formerly) million dollar house in the Central District.

Forecast: Homebuilding to fall by nearly 50%, but not in Dallas-Fort Worth |
Source: The Dallas Morning News

U.S. homebuilding will fall 47 percent this year, a new forecast predicts. But the decline in home starts in North Texas won't be nearly as large, with MetroStudy analysts predicting a drop of as much as 20 percent.

Kissing the Ring of the Banking Mafia

Even after years as a corporate economist, I could hardly comprehend the pride and arrogance that exists within the minds of the banking mafia were it not for one simple fact.

Lynched at Merrill
Source: FT.com

Even at the end, after presiding over the worst performance in the 94-year history of Merrill Lynch, and as Bank of America pinned the blame for a bonus payment scandal squarely on his back, John Thain did not seem to know what was about to befall him. More Articles

Life Without Bubbles
Source: The New York Times

Whatever the new administration does, we're in for months, perhaps even a year, of economic hell.

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