It shows you that we are past the viscous subprime crisis, when that shark chewed through the balance sheets of a number of banks and financial institutions, in some cases devouring them whole.
November 6th, 2009 | Chris Mayer | 3 comments | ContinuedArchive for Chris Mayer
Chris Mayer is a veteran of the banking industry, specifically in the area of corporate lending. A financial writer since 1998, Mr. Mayer's essays have appeared in a wide variety of publications, from the Mises.org Daily Article series to here in The Daily Reckoning. He is the editor of Mayer's Special Situations and Capital and Crisis - formerly the Fleet Street Letter.
Tesco is a Buy
Tesco designs, makes, sells, rents and services top drives. A top drive is a motor that sits on top of rig and spins the drill. I don’t want to get too geeked up in the technical aspects of this…
November 4th, 2009 | Chris Mayer | 1 comment | Continued
Emerging Markets in the New World Disorder
In markets, one of the most watched and ongoing match races is the one between Emerging (or developing) Markets and Developed Markets.
October 30th, 2009 | Chris Mayer | 0 comments | Continued
US Dollar a Sort of Monetary Brand
The dollar has been the “Coca-Cola of monetary brands,” says James Grant, editor of Grant’s Interest Rate Observer. But even the best of brands can be lousy investments.
October 22nd, 2009 | Chris Mayer | 4 comments | Continued
Qatar Relies on Natural Gas Reserves While Dubai Leans on Trade and Finance
Qatar is a red-hot economy. Last year it grew around 18% and this year it ought to grow another 16%. We saw the headlines in the Gulf Times in the lounge while waiting for our transfer to Dubai.
October 8th, 2009 | Chris Mayer | 1 comment | Continued
When the Stimulus Money Stops Flowing Will the Recession Get Worse?
CNN’s bailout tracker reports that US government stimulus has totaled $2.8 trillion so far this year, with another $8.2 trillion in commitments. Most of this money has gone to the financial sector.
September 11th, 2009 | Chris Mayer | 0 comments | Continued
Price of Water Rises in China
The Chinese are water-poor. They are sucking their aquifers dry. It is particularly bad in the north of China. The groundwater under the North China Plains is draining away quickly. By some estimates, China will exhaust this water supply in the next ten years.
August 21st, 2009 | Chris Mayer | 3 comments | Continued
Waxman-Markey Bill: Most Expensive Thing to Hit Economy Since Financial Crisis Began
Even the normally mild- mannered Wall Street Journal called it “one of the most ambitious efforts to re-engineer American social and economic behavior in decades, presenting risks and opportunities for a wide array of businesses from Silicon Valley to the coal fields of the Appalachians.”
June 5th, 2009 | Chris Mayer | 13 comments | Continued
Gold Bought by Some of America’s Most Successful Investors
David Einhorn, the hedge fund manager who predicted the downfall of Lehman Bros., recently bought gold for the first time. And then there is John Paulson, the guy who made billions of dollars by correctly anticipating the housing bust and credit crisis.
May 1st, 2009 | Chris Mayer | 20 comments | Continued
The World’s Largest Cities
It was a different way to look at Manhattan and its towering skyscrapers as far as the eye can see down any block you choose to look. Somehow, it all seemed a lot bigger in a rickshaw. Hard to believe that within six years, New York will no longer be among the world’s five largest cities.
March 18th, 2009 | Chris Mayer | 5 comments | Continued