Tue 2008-10-28 00:00 EDT
naked capitalism: Baltic Dry Index Continues to Fall, Now 90% Below May Level, Ships Sitting Idle
90; Baltic Dry Index continues; Fall; levels; naked capitalism; Ships Sitting Idle.
levels Topic in The Credit Debacle Catalog
Tue 2008-10-07 00:00 EDT
De-leveraging -- Fairy Tale Endings
De-leveraging Fairy Tale Endings, by Satyajit Das; ``perceived abundance of liquidity was, in reality, merely an illusion created by high levels of debt and leverage''
Tue 2008-08-26 00:00 EDT
The End of the Beginning -- Developments in the Credit Crisis
The End of the Beginning - Developments in the Credit Crisis, by Satyajit Das (Prudent Bear); 2008-05-27; ``limited recognition of the massive de-leveraging of the global financial system that is under way.'' ``The banking systems ability to supply credit is significantly impaired and will remain so for the foreseeable future.'' ``Changes in financial markets will have a significant impact on many companies that now rely on financial engineering rather than real engineering'' Das proposes: ``holdings and values of risky assets held by banks and investment banks must be accurately determined...Risky assets must be valued on a hold-to-maturity basis...Mark-to-market accounting should be suspended...Capital levels should be set on a bank-by-bank basis by regulators...Capital requirements should be eased...government [should] guarantee of all major bank liabilities''
Tue 2008-08-19 00:00 EDT
Minyanville -
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"
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.
Thu 2008-07-03 00:00 EDT
Faustian economics:
Hell hath no limits--By Wendell Berry (Harper's Magazine); "Our true religion is a sort of autistic industrialism"; "our 'identity' is located not in the impulse of selfhood but in deliberately maintained connections"; "in the phrase 'free market,' the word 'free' has come to mean unlimited economic power for some, with the necessary consequence of economic powerlessness for others"; "we confuse limits with confinement...our human and earthly limits, properly understood, are not confinements but rather inducements to formal elaboration and elegance, to _fullness_ of relationship and meaning"; "we want to make our economic landscapes sustainably and abundantly productive, we must do so by maintaining in them a living formal complexity something like that of natural ecosystems. We can do this only by raising to the highest level our mastery of the arts of agriculture, animal husbandry, forestry, and, ultimately, the art of living."
Wed 2008-05-28 00:00 EDT
The Institutional Risk Analyst: Fed Risk: Interview with Richard Alford
Fed Risk: Interview with Dick Alford; Institutional Risk Analytics; former fed economist Richard Alford argues Fed misread inflation for deflation, Fed fighting the wrong battles; "US population is not ready to hear that their real levels of income, assets prices and other indicia of national well being may be falling or relatively stagnant for the foreseeable future."
Fed Risks; Institutional Risk Analyst; interview; Richard Alford.
Fri 2008-05-16 00:00 EDT
Winter (Economic & Market) Watch >> Paint Lipstick on this Pig
Winter (Economic & Market) Watch >> Paint Lipstick on this Pig; Freddie Mac moves 120 billion to level 3 assets; moved entire ABS portfolio into level 3; level 3 assets now 23% of total assets
Tue 2008-05-13 00:00 EDT
FBI Targets Internet Archive With Secret 'National Security Letter', Loses | Threat Level from Wired.com
FBI Targets Internet Archive With Secret 'National Security Letter', Loses, by Ryan Singal | Threat Level from Wired.com; Internet Archive; Brewster Kahle; EFF defeats NSL; "time-honored tradition of librarians protecting the rights of their patrons"
com; FBI Targets Internet Archive; Lose; nation security letter; secret; Threat Level; Wired.
Thu 2008-04-10 00:00 EDT
Investment Banks' Riskiest Assets Rise
Fri 2008-03-21 00:00 EDT
Mish's Global Economic Trend Analysis: How To Beat The Street (the old fashioned way)
Goldman level 3 assets rise about 9 billion; net income 1.5 billion
beat; Mish's Global Economic Trend Analysis; old-fashioned way; Street.
Tue 2007-11-13 00:00 EST
Wall Street firms increasingly relying on risky assets - Nov. 12, 2007
Wall Street firms increasingly relying on risky assets, by Peter Eavis, Fortune; Level 3 bank assets increase ominously - Nov. 12, 2007
12; 2007; Nov; risky assets; Wall Street firms increasingly relying.