Tuesday links: power plays

24Mar09

It looks like we beginning to see some of the cash on the sidelines come back into the stock market.  (VIX and More)

Doug Kass, “Why the bears are wrong.”  (TheStreet.com)

“If you love to watch and plunge when the odds are in your favor, like I do, than you should be licking your chops because this V bottom won’t hold. You have TIME to create a plan.”  (Howard Lindzon)

How a “daytrading analyst” via Twitter could help traders “see and process more than they could on their own.”  (TraderFeed)

The strategic value of cash on the balance sheet, who has it and who doesn’t.  (Market Movers)

Some high profile Merrill departures at Bank of America (BAC).  (Big Picture, Clusterstock)

Who is hiring on Wall Street?  Small shops.  (Dealscape)

Not every LBO from the last couple of years is going to blow up.  The case of KKR and Dollar General.  (WSJ.com)

Goldman Sachs (GS) wants to get out from under the TARP, in plenty of time for bonus season.  (DealBook, The Big Money, Dealscape)

Add Goldman to the list of those interest in the iShares business.  (FT.com)

The Obama administration wants sweeping new powers to allow the seizure of non-bank financial entities whose failure would pose a systemic risk to the economy.  (WashingtonPost.com, naked capitalism, Real Time Economics, Atlantic Business, Aleph Blog)

China wants an alternative to the US dollar, among other things.  (WSJ.com, Curious Capitalist, Brad Setser)

The Fed is worried about its independence once the current crisis has passed.  (Economist’s View)

No one is really sure if the PPIP will work, but it does have the benefit of flexibility.  (A Dash of Insight)

Will banks actually sell assets?  (MarketBeat)

Has Tim Geithner gone “all in” with the PPIP plan?  (WSJ.com)

What are the second-order effects of the PPIP and the various other government plans to support the economy?  (finem respice)

The market for mortgage-backed securities is not functioning properly.  Can the government really help?  (Slate.com, Free exchange)

Making the best of a flawed plan.  (Economist’s View, The Balance Sheet)

“Of course the whole notion of repairing bank balance sheet is a lie and misdirection. The balance sheets we should want to see repaired are household balance sheets.”  (Interfluidity)

Nouriel Roubini makes a “positive noise” about the economy.  (Clusterstock, FT Alphaville)

Is there enough room in the administration for both Larry Summers and Tim Geithner?  (Economic Principals)

Is the jump in oil prices temporary?  (FT Alphaville, 24/7 Wall St.)

House prices can’t go to zero.  The second derivative of home prices set to rise. (Clusterstock also 24/7 Wall St.)

Has the econoblogosphere decoupled from the economy?  (Infectious Greed)

“In other words, our perception of risk isn’t always grounded in reality.”  (The Frontal Cortex via Infectious Greed)

Our brains raise few objections when presented with seemingly expert guidance, new research suggests.”  (NewScientist.com)

Despite higher salaries over time, professional athletes still go broke at an astonishing rate.  (SI.com)

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