Tue 2009-06-16 00:00 EDT
Mish's Global Economic Trend Analysis: Fannie Freddie Delinquencies Soar (and they are going to get much worse)
Fannie Freddie Delinquencies Soar; Go; Mish's Global Economic Trend Analysis; worse.
Go Topic in The Credit Debacle Catalog
Tue 2009-04-21 00:00 EDT
Jesse's Café Américain: The Fed's Decision: PRINT
Jesse's Café Américain: The Fed's Decision: PRINT; Fed commits to monetary expansion; ``shooting the patient with morphine so they can go back to work without treating the disease.''
Mon 2009-04-06 00:00 EDT
Bill Moyers Journal . Transcripts | PBS
ex-banking regulator William K. Black calls fraud: ``make really bad loans, because they pay better. Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. And the third thing you do is we call it leverage. That just means borrowing a lot of money, and the combination creates a situation where you have guaranteed record profits in the early years. That makes you rich, through the bonuses that modern executive compensation has produced. It also makes it inevitable that there's going to be a disaster down the road.''
Tue 2009-02-24 00:00 EST
Jesse's Café Américain: A Modest Proposal from Joe Stiglitz
Jesse's Café Américain: A Modest Proposal from Joseph Stiglitz ``allow every distressed bank to go bankrupt and set up a fresh banking system under temporary state control rather than cripple the country by propping up a corrupt edifice''
Thu 2009-01-15 00:00 EST
The Institutional Risk Analyst: On the Prime Solution: Interview with Eric Hovde
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.
Tue 2008-11-25 00:00 EST
naked capitalism: Could Natural Gas Go to $4/MMBtu?
Sun 2008-11-23 00:00 EST
naked capitalism: "Fannie: Going Concern, but I am Getting Concerned"
``the pervasive story of this entire era: all of the financial firm earnings eaten up by subsequent losses''
Mon 2008-11-03 00:00 EST
naked capitalism: Trade, Letter of Credit Woes Finally Go Mainstream
Credit Woes Finally Go Mainstream; letters; naked capitalism; trading.
Fri 2008-10-10 00:00 EDT
naked capitalism: A Glimpse Into the Abyss
Ambrose Evans-Pritchard; ``a wild scramble for dollars as a $10 trillion pyramid of global lending based on dollar balance sheets delevers with a vengeance'' ``China is going into recession as well. This is going to catch investors off-guard'';
Tue 2008-10-07 00:00 EDT
naked capitalism: Merrill: Low Treasury Yields to Go Even Lower
Sun 2008-08-24 00:00 EDT
Winter (Economic & Market) Watch >> Here They Go Again
Winter (Economic & Market) Watch >> Here They Go Again; many early subprime modifications failing; banks which ``moved early and aggressively to deal with this in terms of raising new capital, foreclosing instead of restructuring, and tightening down early on lax credit, may be the last people standing''; loss severity increasing; ``third quarter is going to be an unmitigated disaster for the financial sector'', ``foreign money will move in a big way to gobble up American assets''
Wed 2008-08-13 00:00 EDT
Mish's Global Economic Trend Analysis: Trichet Puts Spotlight on the Euro, Dollar
"anti-US$ sentiment running at extreme levels, a dollar bounce can go a lot further than anyone expects"
Dollar; euro; Mish's Global Economic Trend Analysis; Trichet Puts Spotlight.
Fri 2008-08-08 00:00 EDT
Winter (Economic & Market) Watch >> Hired Guns on the Scene
Winter (Economic & Market) Watch >> Hired Guns on the Scene: "annie Mae and Freddie Mac are going to be nationalized, busted up, and hundred of billions in Continental holdings are going to be divided up as spoils by insider financial quasi-criminals"
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.
Mon 2008-06-02 00:00 EDT
Villains in the Mortgage Mess? Start at Wall Street. Keep Going.
By Kathleen Day; S&L Hell author Kathleen Day; mortgage debacle