dimelab dimelab: shrinking the gap between talk and action.

long Topic in The Credit Debacle Catalog

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zero hedge Fri 2009-08-28 17:15 EDT

The Oil-Gas Six Sigma Dislocation

The CFTC has earned its stripes by allowing speculators to take the oil to natty relationship to unprecedented arb levels. Represented in energy content equivalents, where oil traditionally has been in the 6x-12x range for gas, the most recent reading is 26.36! This is, as the chart indicates, your six sigma event for the day. A long NG1 - short CL1 arb may take some abuse but absent Amaranth coming out of somewhere (and even they were eventually prosecuted), this relationship should collapse to some semblance of normalcy. Although in this bizarro market it is guaranteed to do the opposite of what any fundamental or technical relationships dictate.

Oil gas; Sigma Dislocation; Zero Hedge.

ClubOrlov Wed 2009-08-26 14:22 EDT

That Bastion of American Socialism...the United States military

Over the past few months the American mainstream chatter has experienced a sudden spike in the gratuitous use of the term "Socialist." It was prompted by the attempts of the federal government to resuscitate insolvent financial institutions. These attempts included offers of guarantees to their clients, injections of large sums of borrowed public money, and granting them access to almost-free credit that was magically summoned ex nihilo by the Federal Reserve. To some observers, these attempts looked like an emergency nationalization of the finance sector was underway, prompting them to cry "Socialism!" Their cries were not as strident as one would expect, bereft of the usual disdain that normally accompanies the use of this term. Rather, it was proffered with a wan smile, because the commentators could find nothing... ``Since the end of the Civil War, Americans have become accustomed to thinking of war as something that happens elsewhere, to other people. Thus, the news that the US is bombing this or that land, for no adequate reason, killing and maiming numerous civilians, produces in us neither the normal human reaction of revulsion, nausea and disgust, nor the conviction that we must take the fight to our own monstrous leaders, lest we too become monsters. Life under domestic military occupation might bring home some welcome realizations, and start Americans down the long road of atoning for the sins of their forefathers, who have run roughshod over much of the rest of the planet for far too long.''

American social; bastion; ClubOrlov; United States military.

Jesse's Café Américain Thu 2009-08-20 16:16 EDT

China Makes Biggest Cut in US Treasury Assets Since 2000

One has to wonder how long the UK, Japan and the US can keep supporting each other's crony capitalist oligopolies. China DailyChina cuts US Treasury holdings in June2009-08-18NEW YORK: China reduced its holdings of US Treasury debt in June by the biggest margin in nearly nine years, according to a US Treasury Department report issued on Monday.China cut its net holdings by 3.1 percent to $776.4

2000; China Makes Biggest Cut; Jesse's Café Américain; treasury assets.

Jesse's Café Américain Thu 2009-08-20 16:11 EDT

China Makes Biggest Cut in US Treasury Assets Since 2000

One has to wonder how long the UK, Japan and the US can keep supporting each other's crony capitalist oligopolies. China DailyChina cuts US Treasury holdings in June2009-08-18NEW YORK: China reduced its holdings of US Treasury debt in June by the biggest margin in nearly nine years, according to a US Treasury Department report issued on Monday.China cut its net holdings by 3.1 percent to $776.4

2000; China Makes Biggest Cut; Jesse's Café Américain; treasury assets.

Jesse's Café Américain Thu 2009-08-20 16:11 EDT

China Makes Biggest Cut in US Treasury Assets Since 2000

One has to wonder how long the UK, Japan and the US can keep supporting each other's crony capitalist oligopolies. China DailyChina cuts US Treasury holdings in June2009-08-18NEW YORK: China reduced its holdings of US Treasury debt in June by the biggest margin in nearly nine years, according to a US Treasury Department report issued on Monday.China cut its net holdings by 3.1 percent to $776.4

2000; China Makes Biggest Cut; Jesse's Café Américain; treasury assets.

Jesse's Café Américain Thu 2009-08-20 16:07 EDT

China Makes Biggest Cut in US Treasury Assets Since 2000

One has to wonder how long the UK, Japan and the US can keep supporting each other's crony capitalist oligopolies. China DailyChina cuts US Treasury holdings in June2009-08-18NEW YORK: China reduced its holdings of US Treasury debt in June by the biggest margin in nearly nine years, according to a US Treasury Department report issued on Monday.China cut its net holdings by 3.1 percent to $776.4

2000; China Makes Biggest Cut; Jesse's Café Américain; treasury assets.

Thu 2009-07-30 00:00 EDT

naked capitalism: Guest Post: Chasing The Shadow Of Money

-- Friedrich Hayek's seminal Prices and Production, published in the depression days of 1935...discerned the critical role of the shadow banking system long before the advent of securitization, derivatives and other products that today have caused the monetary supply problem to reach a screaming crescendo...shadow money and credit are not just the dynamo that drives the free market, but also its Achilles heel

chasing; Guest Post; money; naked capitalism; shadows.

Sun 2009-07-26 00:00 EDT

naked capitalism: Guest Post: Geither admits easy money did us in

``monetary policy around the world was too loose too long. And that created this just huge boom in asset prices, money chasing risk.''

Geither admits easy money; Guest Post; naked capitalism.

Fri 2009-05-08 00:00 EDT

Rebuttal To Mish: FRL - The Market Ticker

fractional reserve lending defended against claim of fraudulence; ``So long as the bank never lends out more unsecured than it has in excess capital, there has been no fraud. The instant the bank does so, it has committed fraud.'' ``Our failure is regulatory. It is against the law to commit fraud and yet we have refused to prosecute those who have claimed to be solvent when they are not. ''

FRL; Market Ticker; Mish; Rebuttal.

Thu 2009-05-07 00:00 EDT

naked capitalism: Goldman: Global Oil Storage Capacity Could Be Filled by June

commenter Hugh: ``Oil in the short term was way overpriced (excess speculation) and in the long term absurdly underpriced (peak oil)''

fill; Global Oil Storage Capacity; Goldman; June; naked capitalism.

Fri 2009-01-16 00:00 EST

Hussman Funds - Weekly Market Comment: The Long-Term Gets Shorter - January 12, 2009

durations shifts in stocks as prices and earnings fall

2009; Hussman Funds; January 12; long-term; shorter; weekly market comments.

Thu 2009-01-15 00:00 EST

naked capitalism: Has Beggar Thy Neighbor Started?

``we have often been faced with counterparties with mercantilist objectives, and our responses appear not to have served us well in the long term''

Beggar Thy Neighbor Started; naked capitalism.

Fri 2008-12-12 00:00 EST

THREE STUPID GENIUSES: GREENSPAN, RUBIN and SUMMERS << Culture of Life News

THREE STUPID GENIUSES: GREENSPAN, RUBIN and SUMMERS, by Elaine Meinel Supkis << Culture of Life News; Japanese carry trade; the dangers of long, long depressions caused by people inheriting wealth; Ayn Rand; kill the lower classes off, clip coupons and marry each other and concentrate wealth more and more in the hands of fewer and fewer people.

Culture; Greenspan; Life News; Rubin; stupid genius; summer.

Sun 2008-11-23 00:00 EST

Joe Bageant: Sarah Palin is the Future of Conservatism

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.''

Conservatism; future; Joe Bageant; Sarah Palin.

Mon 2008-11-03 00:00 EST

Guest Commentary

The Credit Crisis Endgame, by Paul Amery (PrudentBear); ``the cost of insuring against a US government default has risen by 25 times in little over a year''; ``Signs of strain in the US Treasury market are already there...poor bid-to-cover ratios, and long tails''; Reinhart, Rogoff "Forgotten History of Domestic Debt"

guest commentary.

Wed 2008-10-08 00:00 EDT

naked capitalism: Lessons From Modern Economic Crises (Not for the Fainthearted)

``episodes of credit crunches and housing busts are often long and deep''

Fainthearted; Lessons; Modern Economic Crises; naked capitalism.

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