Tue 2009-06-16 00:00 EDT
Shareholders Be Damned! by Alan Abelson; ``How the Washington gang brought Ken Lewis to heel and forced Bank of America to go through with its acquisition of loss-ridden Merrill Lynch. If everything's coming up roses, why are corporate insiders selling?''
Tue 2009-06-16 00:00 EDT
Tue 2009-04-21 00:00 EDT
Tue 2009-04-21 00:00 EDT
``What it comes down to, apparently, is a leadership elite across all sectors -- politics, business, academia, media -- that is incapable of processing the truth, and then conveying it to the broad American public.''
Mon 2009-03-23 00:00 EDT
``after the AIG bonus affair, it's hard to imagine that we are not one more corporate misdeed away from a rocket-propelled-grenade, or something like that, being fired into a glass office tower somewhere -- and then the "first-broken-window" rule of social disintegration comes into play.''
Mon 2009-01-19 00:00 EST
Jesse's Café Américain: The Worst Is Yet to Come (But We Beat the Numbers) - J. P. Morgan
beat; comes; J.P. Morgan; Jesse's Café Américain; numbers; worst.
Fri 2009-01-16 00:00 EST
by James K. Galbraith (2006); ``the signature of modern American capitalism...predation...wherein the rich have come to feast on decaying systems built for the middle class''
Fri 2009-01-16 00:00 EST
``Everybody seems to think that, thanks to the government's monetary and fiscal interventions, this recession will come nowhere near the 1930s slump. However, I think it might be far worse and precisely because of the interventions.''
Fri 2009-01-16 00:00 EST
China's inflation-free route from crisis, by Henry C. K. Liu; ``China produces from plants financed by foreign investment that operate with low domestic wages for foreign markets that pay with dollars that cannot be used in the domestic economy...China must finance plants with sovereign credit to produce for the domestic market where consumer purchasing power will come from high wages, with sovereign credit repaid from increased tax revenue from a vibrant domestic economy.''
Asia Times Online; China Business News; China News; Hong Kong; TAIWAN.
Thu 2009-01-15 00:00 EST
The Prime Solution: Interview with Eric Hovde, by The Institutional Risk Analyst (IRA); ``he manifest statist, anti-market tendencies of Ben Bernanke and Tim Geithner should disqualify both of these men from future roles in the economic rebuilding effort''; FICO demise predicted; ``There isn't going to be any [real estate] development in New York once the current projects are complete. Nothing.''; Bear, AIG should all have been put into bankruptcy; ``the same economic team that lit this fuse and let this fuse go 12 years ago is now about to come back into power...It is stunning to me that we are not seeing a wholesale switch-out of these Goldman Sachs participants or their protégés''
Eric Hovde; Institutional Risk Analyst; interview; Prime Solution.
Mon 2008-12-15 00:00 EST
Bernie Madoff Ponzi scheme reviewed; ``emblematic of America since Reagan and the Great Leveraging. Something for nothing. Thank you Mr Laffer. But as a philosophy and modus operandi it is quite literally, bankrupt and without merit.''
Sun 2008-11-23 00:00 EST
by Anonymous Political Consultant John Brown; ``In a system, which is entering a period of semi-permanent crisis, to plant oneself or one's party in its political center is to make yourself responsible for a political system which is forever failing, losing legitimacy and eventually its right to rule. In the long run, the future will belong to whichever political force flies the boldest flags, stands credibly far enough from those who will be held accountable for our troubles, and curses the loudest at the coming darkness.''
Tue 2008-09-09 00:00 EDT
``We all understand that there is a political class which dominates in America, and that Sarah Palin for damned sure is not one of them. And the more she is attacked by liberal Democratic elements (translation: elite highly-educated big city people) the more America's working mooks will come to her defence.''
Sun 2008-08-24 00:00 EDT
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''
Sun 2008-08-24 00:00 EDT
by Martin Hutchinson (Prudent Bear); "Almost all the world has abandoned proper anti-inflationary discipline and is destined to suffer a period of high inflation and recession in the coming years...Only a few countries like Brazil have taken the inflationary threat sufficiently seriously and will thus be in a position to continue expanding even while the rest of the world endures recession"
Sun 2008-07-06 00:00 EDT
Jesse's Café Américain: The Worst of the Credit Crisis Is Yet to Come - Ted Forstmann
comes; credit crisis; Jesse's Café Américain; Ted Forstmann; worst.
