dimelab: production Topic in The Credit Debacle Catalog at Feed-Adept

production Topic in The Credit Debacle Catalog

Sun 2008-08-24 00:00 EDT

Here comes the downsizing of finance

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''

comes; downsizing; finance.

Sun 2008-07-06 00:00 EDT

``The System is Broken. We're Entering a Two Economy Society'': An Interview with Michael Hudson

"The System is Broken. We're Entering a Two Economy Society": An Interview with Michael Hudson, by Mike Whitney; democracy precedes oligarchy; reframing tax policy; fraudulent conveyance applied to minimize foreclosure; "Credit is a product that's almost free to create. Its main cost of production is the lobbying expense to buy Congressional support."

broken; Economy Society; enters; interview; Michael Hudson; Systems.

Sun 2008-07-06 00:00 EDT

Jesse's Café Américain: Lessons from the Panic of 1907

Jesse's Café Américain: Lessons from the Panic of 1907: "almost all panics and crashes are preceded by sustained periods of artificial growth, not based on improvements in productivity, but by a false expansion in the money system, aided and abetted by speculators and financiers." "almost all panics and crashes involves relatively small groups of people who seem to be at the heart of the matter, and are closely interlinked into small cartels of corrupted self-dealing, involving the accumulation of enormous personal fortunes." "always the overextension of credit and excessive leverage" "A free and just society is not a prize to be won or a gift that can be bestowed; it is a recurring commitment, an enduring obligation."

1907; Jesse's Café Américain; Lessons; panic.

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.

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."

Faustian economics.

Thu 2008-07-03 00:00 EDT

naked capitalism: Moody's Sacks Structured Finance Head Over CPDOs

"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.

Mon 2008-06-30 00:00 EDT

Angry Bear: Broken Clock Day

Thomas Friedman accidentally tells truth: "Since President Bush came to office, our national savings have gone from 6 percent of gross domestic product to 1 percent, and consumer debt has climbed from $8 trillion to $14 trillion."

Angry Bear; Broken Clock Day.

Tue 2008-06-17 00:00 EDT

Sudden Debt: No More Salami

global CDO issuance down 94% YOY; death of structured finance leaves Wall Street production lines idle

Salami; Sudden Debt.

Mon 2008-06-02 00:00 EDT

Satyajit Das's Blog - Fear & Loathing in Financial Products: The Credit Default Swap (``CDS'') Market -- Will It Unravel?

Satyajit Das's Blog - Fear & Loathing in Financial Products: The Credit Default Swap ("CDS") Market - Will It Unravel?

CDS; Credit Default Swap; fears; financial products; loath; Market; Satyajit Das's Blog; unravelling.

Sat 2008-05-17 00:00 EDT

Minyanville -

NEWS & VIEWS-Five Things You Need to Know: The Inflation Hysteria, by Kevin Depew; "Today's 'inflation' is illusory. It is the tail end of the Federal Reserve's mirage of economic production; credit creation."

Minyanville.

Sat 2008-05-17 00:00 EDT

naked capitalism: Media Rorschach Test: Divergent Readings on the Saudis' Wee Production Increase

Bush's visit to Israel's 60th birthday celebration preceding Saudi visit guaranteed cool reception; Saudi's may gain influence by increasing production AFTER US election

Divergent Readings; Media Rorschach Test; naked capitalism; Saudi; Wee Production Increase.

Wed 2008-03-26 00:00 EDT

Winter (Economic & Market) Watch >> Rebuttal of GaveKal's Bully ``Wealth & Platform Theory''

Winter (Economic & Market) Watch >> Rebuttal of GaveKal's Bully "Wealth & Platform Theory"; platform companies "outsource American jobs to safe production locales like China and Thailand, who then pollute the global environment and fail to account for the negative externalities (true costs) of their production...the peculiar slash and burn notion that the US can just eat its young by outsourcing jobs to foreign polluters, while failing to invest in capex and just merrily borrowing from foreigners against its Bubble induced wealth."; 2006-12-26

economic; GaveKal's Bully; Market; Platform Theory; Rebuttal; watch; wealth; winter.

Wed 2007-09-19 00:00 EDT

The Lies of Alan Greenspan

by William Greider; "always spot reasons to stomp on the real economy of work and production, but was utterly blind to the destructive chaos in the financial system"

Alan Greenspan; lying.

Fri 2007-02-23 00:00 EST

Northwest Progressive Institute Archive: Corporate America's "Man of the People"

Michael E. Baroody, corporate lobbyist, proposed head of Consumer Product Safety Commission

corporate America's; man; Northwest Progressive Institute Archive; people.

Thu 2006-02-16 00:00 EST

Join us as we watch the crisis unfolding by Kenneth S. Deffeyes

(peak oil production)

crisis unfolded; joining; Kenneth S. Deffeyes; watch.

Mon 2004-03-15 00:00 EST

FpML.org

-- Financial products Markup Language; XML Standard for Swaps, Derivatives, and Structured Financial Products

FpML; org.