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Monday, October 13, 2008 8:32 AM

Paul Krugman wins Nobel Prize for Economics

... and he's probably very smart so what does he have to say about a solution to the financial crisis. Mr. Krugman thinks that British Prime Minister Gordon Brown and Chancellor of the Exchequer Alistair Darling did the right thing by injecting capital
Posted by Howard Arnoff | 0 Comments
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Friday, October 10, 2008 5:21 AM

What a long strange trip it's been

The stock market effectively crashed yesterday on October 9th exactly one year after setting a record high and how did we get here. To quote the Grateful Dead, "what a long strange trip it's been". Back in February of last year I wrote about
Posted by Howard Arnoff | 2 Comments
Monday, September 29, 2008 8:48 AM

Trying times on South Tryon

Charlotte's banking landscape changed dramatically this morning when Citibank took over Wachovia in a deal brokered by the FDIC and the Treasury. Wachovia's downfall can be traced to the ill timed purchase of Golden West Financial and the Option
Posted by Howard Arnoff | 0 Comments
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Wednesday, September 17, 2008 6:24 PM

Update: Charleston real estate

It's not that I haven't been working the Charleston real estate market this week, simply, the events of the past days have been so extraordinary and compelling that I haven't written about Charleston real estate lately. So while the world
Posted by Howard Arnoff | 0 Comments
Wednesday, September 17, 2008 7:44 AM

Evaporated wealth

Yesterday, I wrote about how to lose a Trillion dollars. I may have underestimated. The NY Times has a wonderful interactive graphic showing how much wealth has evaporated in the last year and calculations are from Sept 12 and losses by these firms have
Posted by Howard Arnoff | 0 Comments
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Tuesday, September 16, 2008 2:04 PM

How to lose a trillion dollars

The simple answer. Take financial risks and leverage your risk to the maximum. Now, a little more detail. Let's use the Case-Shiller index that shows that homes have declined in value by approximately 15% across the country in the last year. Of course,
Posted by Howard Arnoff | 2 Comments
Wednesday, July 16, 2008 7:14 AM

The Big Picture

Barry Ritholtz calls it like he sees it. "The collection of ne'er do wells, clueless dolts, political hacks, and oh, let's just be blunt and call them what they are -- total Idiots -- expands into an ever larger circle. While the Republic
Posted by Howard Arnoff | 2 Comments
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