The purpose of Outside the Box is to present views which cause us to think through our basic assumptions. This week our old friend Michael Lewitt of Hegemony Capital Management gives us a view as to why the bailout bill going down may not be as bad as I think it might. There is much we agree on, however...
The weekend has brought us events that can only be described in large, over-the-top terms. The Fed agreeing to take equity on its balance sheet? How bad can things really be? Clearly much worse than most people thought last Friday. Moral Hazard has been re-introduced as Lehman is allowed to go down....
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
09-15-2008
Filed under:
Filed under: Michael Lewitt, Barry Ritholz, Economic Forecast, Bear Sterns, Financial Crisis, Fannie Mae, Freddie Mac, Bank Failures, Lehman Brothers, Bailout, AIG
This week's Outside the Box is going to be a little different. I am going to write about the extraordinary action by the NY Fed to foster the Bear Stearns deal with JP Morgan, and give you three brief notes from Michael Lewitt of Harch Capital Management and Bob Eisenbeis (former executive vice-president...
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
03-17-2008
Filed under:
Filed under: Inflation, Credit Crisis, Liquidity Crisis, Michael Lewitt, Economic Forecast, Recession, Interest Rates, Consumer Debt, Economy, Depression, JP Morgan, Bear Sterns