regulation and financial models complexity kills vox eu how i learned to love the fed interfluidity do not doubt that this is a real crisis more on feds balance sheet brad setser unpleasant but essential grep ip 4000 words one salient oversight hold on to your seats greg mankiw pulpit defiance of law banning campaigning ataxingmat ter sysad min discovers 13milliondigit prime numb...
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steve waldman submits so im not a lawyer ive gone through this very very quickly and ive got to run. on the whole i think this is basically last weekends paulson plan with much better oversight more transparency and a lot more words. also the federal reserve is given authority to pay interest on deposits and thereby implement a channel or even a floor system of monetary policy hat tip to commente...
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heres the full text emergency economic stabilization act of 2008. heres the cbo analysis of the proposal. im with everyone else. the proposal could be better but as ive argued all along the problems are real and if this is the best we can get and it appears thats the case then it will have to do. others paul krugman 2 3 brad delong economists for obama interfluidity justin fox adam leviti...
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america needs a new new deal wsj.com the lost tycoons oped nytimes.com chinese astronaut takes nations first spacewalk nytimes.com behind insurers crisis a blind eye to a web of risk nytimes.com the house republicans alternative rescue plan economix why the bailout bruce bartlett book review the predator state nytimes.com success seen in program to save homes nytimes.com go...
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wall street worries main street woes macroblog just how bad is it brad setser why did friday come early this week interfluidity the 700bn question robert reich wall street worries main street woes macroblog a defense of the paulson plan greg mankiw responding to greg mankiw economix blog asian cbs throw money at seizedup credit markets naked capitalism bailout still in trouble m...
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economic activity slowing in many areas fed chair says nytimes.com what was wrong with the aig model interfluid ity lates t idea to fix the banking system knzn lets keep people in their homes hillary clinton the 700 billion question william j. polley how to resolve the doha stalemate vox eu george bushs scary story andrew leonard house budget testimony on financial markets cbo d...
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no way no how no bailout. read his 6 reasons here. jakerome flickr its not just congress and the campaigns that are grappling with treasury secretary henry paulsons 700 billion bailout proposal citizens are trying to digest it too. yves smith a finance expert in new york city is unhappy with many aspects of paulsons plan but first and foremost hes worried about its imperial mandate thanks sue s...
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in an alltime classic post interfluidity ill call him by his revolutionary name argues that the real trouble underlying this here financial crisis is not too much risktaking but rather in a sense too little investors childishly seeking safety at every turn rather than assuming reasonable risks in a considered way. on that note today bloomberg reserve primary fund became the first moneymarket fun...
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credit was the means by which we reconciled the social ideals of america with an economic reality that increasingly resembles a banana republic. we are making a choice in how we respond to this crisis and so far id say we are making the wrong choice. we are bailing out creditors and going all personalre sponsibili ty on debtors. we are coddling large institutions of prestige and power despite the...
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we figure the weirdest part of treasury secretary hank paulsons enthusiasm for covered bonds is the untimeliness of the products. in an atmosphere where banks are failing because of bad bets on mortgage assets having a product that ensures bonds against bank failure with mortgage assets doesnt seem all that exciting. but as weve said in this space maybe the government is counting on investors to ...
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the whole point of index funds is that they dont pick and choose they just give broad exposure to the market as a whole. market movers are etfssquared worth a look thestreet.com the launch of a 13030 etn.a indexunive rse.com te ch is still subject to the same economic laws as every other industry. tech investor enjoy your 10 return if you can get it. deal journal libor pricing is out of whack....
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the continued fallout from the the moodys big mea culpa. ft alphaville ubs offloads a scad of mortgage assets at a discount and pays for the privilege. times online via alpha guy people are losing faith in financial assets for good reason. interfluidity the relationship between 3 month tbills and fed funds is becoming more normal. traders narrative the challenge of making oil production estima...
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times are tough when an asset manager needs to raise capital in billion dollar chunks. wsj.com deal journal market movers inflationary psychology is back and the fed is worried. real time economics calculated risk the fed is running out of tbills. alea price increases are simply more noticeable more salient as psychologists would say than price decreases. nytimes.com also crossing wall stree...
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periodically i like to roundup some of my favorite recent blog posts that are housing marketcrediteconomy related. and a good reason to mention cinco de mayo even though it has no connection with any of these posts. quote of the week in all large corporations there is a pervasive fear that someone somewhere is having fun with a computer on company time. networks help alleviate that fear. jo...
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microsoft will be back. dealbook the pressure on yahoo yhoo management is going to be intense. nytimes.com market movers select quotes from the capitalist woodstock. dealbreaker.com wsj.com the upshot of a shift away from fund of hedge funds. all about alpha confidence is good only when confidence is merited. interfluidity also market movers the bear stearns bailout may have saved the economy...
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a rough first quarter for hedge funds and now some funds are making it harder to exit. wsj.com ibid banks are now able to exit leveraged loans but at a price. wsj.com private equity loves 3month libor. going private so how much is apollo worth dealbook ibid style drift in the world of private equity. prince of wall street wilbur ross is eyeing banks and thrifts. reportonbu siness.com fundam...
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the three stages of a bear market. deal journal alan greenspan has jumped the shark. infectious greed the bottom line is that bear went under because of the poor judgment of their management big picture there is only one way bear stearns bsc sells for 2 a share. market movers it appears to be the case that the fed wanted bear to fail mr. bill miller says. wsj.com barry ritholtz writes it was ...
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did the plunge protection team save the markets this week our guru says active investors spend 100 billion per year trying to beat the market. our tool measures the implosion. cramers recommendation on bs. i encourage you to download this show thru itunes but if you just cannot deal with that then go ahead and play the new show right now the mad money machine is proud to be sp...
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inflation expectations have dropped for now. real time economics the fedex fdx indicator hints at slower growth ahead. wsj.com calculated risk somebody had to win betting against bear stearns bsc. wsj.com rumbling of shareholder opposition to the 2 deal. minyanville.com dealbook collective action and the ongoing mystery of bear stearns stock price. dash of insight what lies ahead for visa v ...
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bear stearns bsc stock stubbornly trades above the 2 a share buyout price. market movers big picture interfluidity wsj.com dealbook dealzone the visa v was a success for the underwriters member banks and ipo investors alikeand could have some room to run. marketbeat dealbook cnnmoney.com bespoke investment group bubbles lead to busts. busts lead to panics. and panics can lead to long deep econom...
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lehman bros. leh is under stress but should skirt bear stearns fate. wsj.com breakingviews.com market movers investment banks may be safe but hedge funds are not. interfluidity the psychological repercussions of a bear bankruptcy would have been even more devastating than the financial ones. slate.com let the layoffs begin. dealbreaker.com ibid karma is a bear. without the trust of other bank...
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my coblogger on global economy matters manuel alvarez in his post on last weekends spanish election called it zapateros election to lose meaning by this that the opposition scarcely seemed credibly poised to win and their best chance of victory rested on the possibility that spains prime minister jose luis rodriguez zapatero might somehow or other manage to clutch defeat straight out of the jaws o...
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the bear facts. portfolio.com the terrifying speed of bear stearns collapse has stunned investors. the atlantic bear stearns as we know it is gone and never to return. information arbitrage are we now bailout nation nytimes.com the fed is afraid of the systemic risks of a bear stearns failure. real time economics market movers couldnt we set things up so that the criteria by which investors d...
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credit spreads wont tighten until sellers are exhausted. accrued interest the fact that people are buying credit protection on treasury bonds at nonnegligible prices does go to show how crazy the markets are right now. market movers the u.s. is now ground zero for global inflation. mankiw blog add tslf or term securities lending facility to your fed lexicon. interfluidity economists view naked...
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