The Aleph Blog » Blog Archive » What Stories Aren’t Being Told?

What Stories Aren’t Being Told?

I did not start blogging in order to start a media career, but sometimes the media finds its way to my door.  I received a call today from a reporter for one of the major television networks, and after talking a while, she asked me, “What big stories aren’t being told?  Some of my best stories some from asking this question.”  I told her I needed to think, and would e-mail her back on the topic.  I decided I would review my last month of posts to look for out-of-consensus ideas, and I came up with these:

  • China is overstimulating businesses through loans and they are buying up commodities that they don’t need now, leading to a possible correction in commodity prices.
  • Western European banks are in trouble because of loans to Eastern European nations denominated in Euros.  With the rise in the Euro, defaults are likely.
  • Water shortages in China and India.
  • Most entities that the US Government has bailed out will have stocks that are zero eventually — GM, Chrysler, AIG, and maybe Fannie Mae and Freddie Mac.  For an opposing opinion on the GSEs, read the intelligent John Hempton at Bronte Capital.
  • With dud residential mortgage loans, modifications don’t work well unless there is a forgiveness of some of the principal.
  • The foreign funding base of the US is getting shorter in maturity — could this be a sign of trouble?  Is there a lack of confidence?
  • If we marked the value of commercial real estate loans to market for banks, using data from the CMBS market, some banks would be insolvent.

That’s all for me, or now.  Now, I don’t watch television, listen to radio much, and I don’t subscribe to anything aside from the WSJ.  I don’t see everything.  That is why I am asking my clever readers to answer the question that the reporter asked me — what significant economic stories aren’t being told?  These can be small issues as well as big issues.  Please let me know in the comments below.  Thanks.

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56 Responses to What Stories Aren’t Being Told?

  1. Sandy from CA says:

    Mexico is collapsing- does anyone care?

    Many of our cities and towns are probably on the edge of insolvency- what is the “new normal” for municipal services going to look like?

  2. bgreen says:

    Scott from Oregon. you have picked up the most avoided story of all-

    Scott said-
    Misrepresenting what you sell is FRAUD. WHERE ARE ALL the indictments?

    Bags of trash with triple A ratings? That’s fraud.

    Expensive, whwite collar fraud that resulted in common folk losing their life savings…

    Where are all the indictments?????

  3. Abe says:

    There ain’t no such thing as a free lunch

  4. George Baker says:

    I think the big untold story is the fact that monopolies have taken over and that to get back to the American dream we need to engage in some trust-busting while at the same time reconciling the need to compete with huge (sometimes nationalized) foreign competitors.


David Merkel is an investment professional, and like every investment professional, he makes mistakes. David encourages you to do your own independent "due diligence" on any idea that he talks about, because he could be wrong. Nothing written here, at RealMoney, Wall Street All-Stars, or anywhere else David may write is an invitation to buy or sell any particular security; at most, David is handing out educated guesses as to what the markets may do. David is fond of saying, "The markets always find a new way to make a fool out of you," and so he encourages caution in investing. Risk control wins the game in the long run, not bold moves. Even the best strategies of the past fail, sometimes spectacularly, when you least expect it. David is not immune to that, so please understand that any past success of his will be probably be followed by failures.

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