Tue 2009-02-24 00:00 EST
naked capitalism: Quote of the Week
from Jesse: ``Adding liquidity to the banks is as useful as filling the tank of a car wrapped around a telephone pole''
liquidity Topic in The Credit Debacle Catalog
Fri 2009-01-16 00:00 EST
naked capitalism: Cautionary Tales: Central Bank Liquidity Injections Made Crises Worse in Latin America
Carmine Reinhart and Kenneth Rogoff; ``authorities found it difficult to mop up the liquidity they had created. Rapid growth in money supply stoked serious inflation''
cautionary tale; Central Bank Liquidity Injections Made Crises Worse; Latin America; naked capitalism.
Mon 2008-12-08 00:00 EST
Winter (Economic & Market) Watch >> Hedge Funds and Berserkers Already Liquidated in Masse
Winter (Economic & Market) Watch >> Hedge Funds and Berserkers Already Liquidated in Masse
berserk; economic; Hedge funds; liquidity; Market; mass; watch; winter.
Sun 2008-11-23 00:00 EST
Winter (Economic & Market) Watch >> Observation on the Crack Up Boom Crash
Winter (Economic & Market) Watch >> Observation on the Crack Up Boom Crash; ``a Mad Max speculative boom created false demand, and now there is a Panic liquidation...the pieces will be picked up, and more sustainable, balanced and less speculative growth will be maintained.''
Boom Crash; crack; economic; Market; Observations; watch; winter.
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 2008-09-23 00:00 EDT
Jesse's Café Américain: Crowding Out, Unintended Consequences, and a Selective Liquidity Crisis with Shock and Awe
Jesse's Café Américain: Crowding Out, Unintended Consequences, and a Selective Liquidity Crisis with Shock and Awe
awed; crowd; Jesse's Café Américain; Selective Liquidity Crisis; shocks; unintended consequences.
Thu 2008-07-03 00:00 EDT
Information Arbitrage: Straight-talk on FAS 157: Blackstone and their Banker Buddies Have it Wrong
gap management; "Trading risk becomes liquidity risk when you can't trade...Do real stress-testing of liquidity scenarios and construct a capital structure that address much of the liquidity risk posed by non-standard assets...So why do risk managers and bank managements' so consistently make bad decisions? Probably because there is an over-reliance on measures that are seemingly quantifiable."
Banker Buddies; Blackstone; FAS 157; Information Arbitrage; straight-talking; wrong.
Fri 2008-06-20 00:00 EDT
naked capitalism: "Exploding Commodity Prices Signal Future Inflation"
"commodity prices are the result of portfolio shift against liquid assets by sovereign investors, sovereign wealth funds, partly triggered by lax monetary policy,...olicymakers should seriously start worrying about inflation and stop chasing imaginary destabilising speculators."
Exploding Commodity Prices Signal Future Inflation; naked capitalism.
Fri 2008-06-20 00:00 EDT
Walter Bagehot Was Wrong - June 19, 2008 - The New York Sun
Walter Bagehot Was Wrong, by James Grant - June 19, 2008 - The New York Sun; Jim Grant: structuring mortgages for central bank deposit in special liquidity facilities will result in a new cycle of currency debasement; Walter Bagehot versus Thomson Hankey on central banks, moral hazard, fairness, and ready money
Tue 2008-05-20 00:00 EDT
Minyanville -
What the ETF? by Minyan Peter, Minyanville; "a broadened investor base, particularly inexperienced investors, and enhanced liquidity have been critical elements of every financial bubble in history"; "for the first time in financial history, the bubbles -- in securitized debt and commodities -- are truly global phenomena"