dimelab: caused Topic in The Credit Debacle Catalog at Feed-Adept

caused Topic in The Credit Debacle Catalog

Thu 2009-05-07 00:00 EDT

Mish's Global Economic Trend Analysis: Case Against the Fed and Fractional Reserve Lending

``Fractional Reserve Lending (FRL)...in conjunction with micro-mismanagement of interest rates by the Fed is the root cause of the financial crisis''; ``FRL is the enabler for credit bubbles. Given enough time, credit bubbles are guaranteed to implode in deflationary fashion.'' austrian economic libertarian critique

Case; Fed; fractional reserves lending; Mish's Global Economic Trend Analysis.

Fri 2008-12-12 00:00 EST

THREE STUPID GENIUSES: GREENSPAN, RUBIN and SUMMERS << Culture of Life News

THREE STUPID GENIUSES: GREENSPAN, RUBIN and SUMMERS, by Elaine Meinel Supkis << Culture of Life News; Japanese carry trade; the dangers of long, long depressions caused by people inheriting wealth; Ayn Rand; kill the lower classes off, clip coupons and marry each other and concentrate wealth more and more in the hands of fewer and fewer people.

Culture; Greenspan; Life News; Rubin; stupid genius; summer.

Fri 2008-11-07 00:00 EST

Mish's Global Economic Trend Analysis: ECB Cuts .50% BOE 1.5%; Trichet Eyes More Cuts

``The impact from these central bank actions will will be close to zero...It was Keynesian foolishness that caused the housing bubble in the first place. Keynesian foolishness cannot possibly be the solution."

5; 50; BOE 1; cutting; ECB cuts; Mish's Global Economic Trend Analysis; Trichet Eyes.

Tue 2008-09-09 00:00 EDT

FT.com | Willem Buiter's Maverecon | If it's broke, fix it - but how?

FT.com | Willem Buiter's Maverecon | If it's broke, fix it - but how? 2008-04-18; ``The worst outcome of the current financial crisis would be a return to the status quo ante that produced the pathologies, anomalies and contradictions that are its root causes.''

broke; com; Fix; FT; Willem Buiter's Maverecon.

Sun 2008-08-24 00:00 EDT

Here comes the downsizing of finance

by Martin Hutchinson (Prudent Bear); auction-rate securities (ARS); credit default swaps (CDS); ``CDS market creates many times as much risk as it hedges or transfers''; GSEs ``leveraged more than would have been possible without the governments quasi-guarantee, lobbied like to crazy to ensure they were not properly regulated and collapsed thankfully into the arms of the taxpayer as soon as ill winds began to blow...by their presence they turned the soundest product in financial markets, the home mortgage, into an obscene speculative casino, causing collateral damage of many times their own losses.'' ``much of the financial services innovation of the last generation was spurious and unsound, and needs to be done away with''

comes; downsizing; finance.

Wed 2008-07-23 00:00 EDT

Calculated Risk: Report: Deal Reached on Housing Legislation

"Treasury would be barred from providing aid that would cause a breach in the federal debt ceiling"

Calculated Risk; deal reach; House Legislation; report.

Fri 2008-07-04 00:00 EDT

Secret report: biofuel caused food crisis | Environment | The Guardian

Secret report: biofuel caused food crisis, by Aditya Chakrabortty | Environment | The Guardian; Biofuels have forced global food prices up by 75% says confidential World Bank report; report suppressed to avoid embarassing President George Bush; over a third of US corn now used to produce ethanol and about half of vegetable oils in the EU going towards the production of biodiesel.

biofuel caused food crisis; environment; Guardian; Secret Report.

Sat 2008-05-17 00:00 EDT

Mish's Global Economic Trend Analysis: Inflation Hysteria

inflation is increase of money and credit; rising prices are symptom not cause; rising prices symptoms of "past" monetary inflation

Inflation Hysteria; Mish's Global Economic Trend Analysis.

Wed 2008-03-26 00:00 EDT

Winter (Economic & Market) Watch >> Mad Max Check Out Time

Winter (Economic & Market) Watch >> Mad Max Check Out Time; "The lender of only resort to the shark in suits black box crony capitalists has caused quite a splash. It is clear to me that the Pig Men will line up around the block to get the kind of terms offered in the JPM-BSC Ponzi finance liquidation"

economic; mad Max Check; Market; Time; watch; winter.

Fri 2008-02-22 00:00 EST

Between The Lines > Inside Bernanke's Brain - The Fed's Response To The Crisis

Between The Lines > Inside Bernanke's Brain - The Fed's Response To The Crisis, by Aaron Krowne; "Fed doesnt actually control rates, at least not directly. It only sets a TARGET"; "in times of great distress (as now), the rates can get away from the Feds grasp, and it becomes important to distinguish. Specifically, if the Fed were to try to force the funds rate up to the 4.5% target while they were naturally trading around 3%, they would actually have to WITHDRAW liquidity from the system, causing a catastrophic deflationary spiral."

Bernanke's Brain; Crisis; Fed's responsibilities; lines.

Mon 2008-01-07 00:00 EST

Money Matters: Yen Rises, Nikkei Falls

by Elaine Meinel Supkis; "Thus is the inglorious end to globalization: the simultaneous attempt at kamikaze-inspired crashing of currencies into the flight decks of trade rivals."; Japanese use of forex reserves to weaken the yen caused the Asian currency crisis

money matters; Nikkei falls; yen Rises.

Thu 2007-12-27 00:00 EST

Money Matters: Free Trade Rammed Down Our Throats

by Elaine Meinel Supkis; Japanese carry trade "flood of money exiting Japan is the root cause of the coming equity collapse"

Free Trade Rammed; money matters; throat.

Tue 2007-12-11 00:00 EST

Mish's Global Economic Trend Analysis: Derivatives Trade Soars To Record $681 Trillion

"everal hedge funds are going to get carted out on a stretcher all at once and cause a cascade of defaults."

681 Trillion; Derivatives Trade Soars; Mish's Global Economic Trend Analysis; records.

Thu 2007-12-06 00:00 EST

Bear In Mind > What causes foreclosures?

Bear In Mind > What causes foreclosures? Falling prices spur foreclosures; GAO real estate study

Bear; causing foreclosures; mind.

Wed 2007-11-28 00:00 EST

Money Matters: The Banks And CDO Insurers Suffer Losses

by Elaine Meinel Supkis; Chinese forcing rising yen caused July dislocations; carry trade debunked; "money, like sex, is best done in the dark"; "England pretended to be moral and upright while looting the world, enslaving Africans, stealing gold,..., patting themselves on the back when they finally stopped committing one crime or another."

bank; CDO Insurers Suffer Losses; money matters.

Mon 2007-10-08 00:00 EDT

Adam Smith - An Inquiry into the Nature and Causes of the Wealth of Nations - The Adam Smith Institute

(Book Five, Of the Revenue of the Sovereign or Commonwealth. Chapter III, Of Public Debts; "In great empires the people who live in the capital, and in the provinces remote from the scene of action, feel, many of them, scarce any inconveniency from the war; but enjoy, at their ease, the amusement of reading in the newspapers the exploits of their own fleets and armies."

Adam Smith; Adam Smith Institute; caused; inquiry; nation; natural; wealth.