Fri 2009-01-16 00:00 EST
Jesse's Café Américain: Dancing on a Precipice: The Tenuous Balance in Global Finance; ``The dollar is a Ponzi scheme, the waters of debt are overflowing the dam of artificial support, and only a few countries, two of them somewhat unstable, are holding back the deluge.''
dance; Global Finance; Jesse's Café Américain; precipice; Tenuous Balance.
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.
Wed 2008-12-10 00:00 EST
Tue 2008-11-25 00:00 EST
Sun 2008-11-23 00:00 EST
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''
Tue 2008-08-19 00:00 EDT
NEWS & VIEWS-A Tale of Two Markets, Part 3, by Bennet Sedacca; "spreads in the credit markets are at historically wide levels and show no signs of tightening"; AIG "just one of scores of companies that cannot finance themselves"; "stocks remain...as over-valued as I have seen in many years"
Sun 2008-07-20 00:00 EDT
Thu 2008-07-10 00:00 EDT
former St. Louis Federal Reserve President William Poole: "Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer"
Fannie; Fed Governor Says; Freddie Insolvent; Mish's Global Economic Trend Analysis.
Thu 2008-07-03 00:00 EDT
"eems a move designed to mollify critics without admitting to bad practices in bread-and-butter products"
CPDOs; Moody's Sacks Structured Finance Head; naked capitalism.
