weekend reading

Depression 2.0?
http://www.nytimes.com/2008/10/26/business/26view.html?_r=1&ref=business&oref=slogin
Buying Gold Coins? Not even that is a sure bet.
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/25/AR2008102500043.html
RIP American Consumer.
http://www.nypost.com/seven/10262008/business/the_consumer__r_i_p__135397.htm

Buy American Equity

"So if you wait for the robins, spring will be over." - Warren Buffet

http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=1&em&oref=slogin

Krugman's Nobel Prize

Congratulation!
But why I cannot shake the comparison to Sholes and Merton's Nobel while at LTCM?
Here is his column on NYT on how Nobel day:
http://www.nytimes.com/2008/10/13/opinion/13krugman.html?_r=1&oref=slogin

Seed of new growth

Seeds of the future are planted now - and they will spring to life when the frozen ground starts to thaw. Here is a look at the Green technology which legendary VC firm Kleiner Perkins is investing.
http://www.nytimes.com/2008/10/05/magazine/05Green-t.html?ref=magazine

Troubles in Hedge Fund World

The forrest fire keeps burning - now it is hedge fund's turn. Who says the Darwin process is pretty?

"Smaller Hedge Funds Struggle As Money Pipeline Dries Up "- WSJ
http://online.wsj.com/article/SB122304635959202357.html?mod=testMod
"Hedge funds prey on rivals" - FT
http://paul.kedrosky.com/archives/2008/10/02/hedge_funds_eat.html
"Hedge Funds Reel From Margin Calls Even on Treasuries" - Bloomberg
http://www.bloomberg.com/apps/news?pid=20601087&sid=aqcXY9R7AbkY&refer=home
"Dear Investor" - Dealbreaker
http://dealbreaker.com/2008/10/dear-investor.php

R.I.P: Investment banks

"The death of Wall Street has been a long-running, slow-motion crisis, barely discernible to participants who had still booked huge profits in recent years. Beneath the razzle-dazzle of trading desks and the wizardry of esoteric finance lay the inescapable fact that these firms had shed their original reason for being: providing capital to American business. "
http://www.nytimes.com/2008/09/28/opinion/28chernow.html

“Over time, the smart people will migrate out of the firm because commercial banks don’t pay out 50 percent of their revenues as compensation,”
http://www.nytimes.com/2008/09/28/business/28lloyd.html

"Power may shift in two other directions: abroad and, to a lesser extent, to boutique investment banks. "
http://www.economist.com/finance/displaystory.cfm?story_id=12305537

Long Live the Establishment!

What is the new establishment? It is taking shape now amid of the crisis.
http://www.nytimes.com/2008/09/23/opinion/23brooks.html?bl&ex=1222401600&en=174c1ae60216e342&ei=5087%0A