21.12.07
The global economy seems to be slowing down after the massive expansion which has taken place since 2002. Moreover, the recent rout in the equity and credit markets is yet again prompting several prominent analysts to claim that a catastrophic depression lies somewhere ahead. The doom-mongers are back in fashion again; pointing towards high debt levels, US housing recession and the eventual failure of the monetary system when making their dire economic forecasts.
http://www.financialsense.com/editorials/saxena/2007/1221.html
Friday, December 21, 2007
Tuesday, October 16, 2007
Enron, Subprime and the Derivative Disease
16.10.07
That Treasury Secretary Henry Paulson is leading efforts to organize an $80 billion or so pool of private capital to finance four times that much in illiquid subprime assets controlled by some of the largest US banks is not a good sign. Looks to us like a prelude to a federal bailout
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
That Treasury Secretary Henry Paulson is leading efforts to organize an $80 billion or so pool of private capital to finance four times that much in illiquid subprime assets controlled by some of the largest US banks is not a good sign. Looks to us like a prelude to a federal bailout
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
The “Subprime” Mentality: A Metaphor For the Whole U.S. Financial Market—
15.10.07
First of all, the fallout from subprime lending will be bad enough as it stands. But the real problem is that “subprime” is a metaphor for the whole U.S. financial culture.
http://www.prudentbear.com/index.php?option=com_content&view=article&id=4790&Itemid=57
First of all, the fallout from subprime lending will be bad enough as it stands. But the real problem is that “subprime” is a metaphor for the whole U.S. financial culture.
http://www.prudentbear.com/index.php?option=com_content&view=article&id=4790&Itemid=57
Wednesday, October 10, 2007
CRISIS? WHAT CRISIS?
4.10.07
As I perused the financial news over the past week, I was increasingly puzzled as to why it is that the denizens of Wall Street and Main Street appear to be paying almost no attention to the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/1004.html
As I perused the financial news over the past week, I was increasingly puzzled as to why it is that the denizens of Wall Street and Main Street appear to be paying almost no attention to the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/1004.html
Tuesday, September 11, 2007
THE CONTINUING CRISIS
11.9.07
In all our publications, we have recently taken a good, hard look at several facets of the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/0910.html
In all our publications, we have recently taken a good, hard look at several facets of the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/0910.html
Monday, September 10, 2007
FED: Putting Out Fire with Gasoline
10.9.07
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1
Saturday, September 8, 2007
Financial Storm
29.8.07
Now begins global financial instability. It is impossible to speculate how long today's turmoil will last-but there now exists an uncertainty and lack of confidence that has been unparalleled since the 1930s-and this ignorance and fear is itself a crucial factor. The moment of reckoning for bankers and bosses has arrived. What is very clear is that losses are massive and the entire developed world is now experiencing the worst economic crisis since 1945
http://www.zmag.org/sustainers/content/2007-08/29kolko.cfm
Now begins global financial instability. It is impossible to speculate how long today's turmoil will last-but there now exists an uncertainty and lack of confidence that has been unparalleled since the 1930s-and this ignorance and fear is itself a crucial factor. The moment of reckoning for bankers and bosses has arrived. What is very clear is that losses are massive and the entire developed world is now experiencing the worst economic crisis since 1945
http://www.zmag.org/sustainers/content/2007-08/29kolko.cfm
TOO BIG TO BE BAILED OUT
7.9.07
Even without the incentives of a government bailout luring more people into default, policy makers simply have no idea as to the scope of the problem.
http://www.financialsense.com/fsu/editorials/schiff/2007/0907.html
Even without the incentives of a government bailout luring more people into default, policy makers simply have no idea as to the scope of the problem.
http://www.financialsense.com/fsu/editorials/schiff/2007/0907.html
Sunday, September 2, 2007
Comptroller General warns (again), we're 'bankrupting America'
27.8.07
Except for a short piece in London's Financial Times, Walker's warnings were generally ignored by the American press, by the public and even by the very Congress that hired him and has the power to do something, yet still refuses to heed his warnings.
http://www.marketwatch.com/news/story/if-we-rome-wall-street/story.aspx?guid=%7BE71DF12D%2D6F67%2D4D51%2D8A77%2D1AA17A4C57BC%7D
Except for a short piece in London's Financial Times, Walker's warnings were generally ignored by the American press, by the public and even by the very Congress that hired him and has the power to do something, yet still refuses to heed his warnings.
http://www.marketwatch.com/news/story/if-we-rome-wall-street/story.aspx?guid=%7BE71DF12D%2D6F67%2D4D51%2D8A77%2D1AA17A4C57BC%7D
Wednesday, August 29, 2007
25 QUOTES ON THE CREDIT CRISIS
28.8.07
The financial market globally is up to its elbows in one of the strangest and most complicated credit crises in history. Events have come in rapid succession with mind-numbing effect. No sooner does the dust settle in one part of the market than it is kicked up in another. Through it all, the reactions on the part of the participants have been the stuff of a good financial thriller. We thought it would be interesting to catalog some of that reaction for you on one web page. So here they are - from the witty and profound to the scary and downright silly - our Top 25 Quotes on the Credit Crisis of '07http://www.financialsense.com/editorials/kosares/2007/0828.html
The financial market globally is up to its elbows in one of the strangest and most complicated credit crises in history. Events have come in rapid succession with mind-numbing effect. No sooner does the dust settle in one part of the market than it is kicked up in another. Through it all, the reactions on the part of the participants have been the stuff of a good financial thriller. We thought it would be interesting to catalog some of that reaction for you on one web page. So here they are - from the witty and profound to the scary and downright silly - our Top 25 Quotes on the Credit Crisis of '07http://www.financialsense.com/editorials/kosares/2007/0828.html
Sunday, August 26, 2007
Top 25 Derivative Bank Nightmares
http://www.rense.com/general77/topfe.htm
Check the derivative book of the 25 banks with the highest derivative book
Check the derivative book of the 25 banks with the highest derivative book
Fed bends rules to help two big banks
24.8.07
If the Federal Reserve is waiving a fundamental principle in banking regulation, the credit crunch must still be sapping the strength of America's biggest banks.
http://money.cnn.com/2007/08/24/magazines/fortune/eavis_citigroup.fortune/index.htm?postversion=2007082417
If the Federal Reserve is waiving a fundamental principle in banking regulation, the credit crunch must still be sapping the strength of America's biggest banks.
http://money.cnn.com/2007/08/24/magazines/fortune/eavis_citigroup.fortune/index.htm?postversion=2007082417
THE LIQUIDITY CRISIS OF 2007
24.8.07
Is the current stock market correction a healthy correction, or thestart of a bear market? http://www.financialsense.com/fsu/editorials/sutton/2007/0824.html
Is the current stock market correction a healthy correction, or thestart of a bear market? http://www.financialsense.com/fsu/editorials/sutton/2007/0824.html
Subscribe to:
Posts (Atom)