likethe1987panic,exceptbondrateshaven'trisen.Backthethedollarkeptfalling.Ithinkthebullskeptcheeringuntilitwasapparentitwasfallingfasterthanthetradeanddollarvaluescouldactuallygoup.Weakdollarisn'tgoingtobalancetradeifitmeansoilgoesoffthechart.Oncetheliquiditycrisishits,ithinkthedollarrallies.Astrongerdollarprobablyrepricesthemarketlower.Nojokehere.Thereisgoingtobearealstruggletogetenoughdollarsbefo...[
閱讀全文]
Theproblemistheloanwasjunktostart.Plus,lowpricinganARMmakessensewhenratesareup,butpricingitlowwhenratesareatgroundzeroisanothermatter.Iftheyqualifiedthesebuyersonanythingbutthefullyindexedrate,thestuffwasjunktostart.Backinthe1980's,peopleranintotroublewithARM'sandyoumightrecallthatingoodhousingmarkets,priceswererisingliketheywereinCaliforniathistimearound.Compensationwasalsorisingfastandtheyhadsom...[
閱讀全文]
Noonewantstoseetheskyfalling.
Eithertheyareafraidthatcloudswillcomefallingdownontheirparade.
Or...
Theyaresonumbedbythe"skyisfalling"prognosticatorsthattheystoplookingup.
Theproblemwithrefusingtolookup,isthatperceptionisthenlimitedtowhatmanhasdonetokeeptheskyfromfallingwhentheskywasnotreallyfalling.Onecloudhereandtherewaspreventedfrommessingupsomeone'ssuit.
TheFeduptonow,hasmet...[
閱讀全文]
TheCreditmeltdownisnowmovingtoofastandfurious.Importantly,confidenceisfalteringfortheentireCreditinsuranceindustry,includingthemortgageinsurersandthefinancialguarantors.Thisisadevastatingblowforthesecuritizationmarketplace,alreadyreelingfrompricing,liquidityandtrustissues.TheCreditsystemhaslurchedtotheedgeofmeltdown,whiletheeconomyhasn’tevenasyetsuccumbedtorecession.It'sabsolutelyscary.LastweekIw...[
閱讀全文]
知青該懺悔嗎？
發布者guzheng在07-11-0307:54
請您惠顧讚助商
鼓勵其長期支持CND
QualityBrand!
CNDAmazon
Cameras,Books...
·ｇｕａｎｚｈｏｎｇ·
最近讀了ＣＮＤ發表的關於１９７７年知青參加高考的文章，例如禾子的《三十年前，在那遙遠的地方》和７８級《左派幼雅病——記７７年高考》等。這些用樸實[
閱讀全文]
Seriousstatisticalscroomagerasputin
NEW11/3/20076:31:59AM SinceDaBoyzatCitiarehavingan“EmergencyMeeting”thisweekend,IthoughtIwouldconvenemyownsuchmeetingatthecybercafe'thismorning.MyreasoningisthatifTHEYaresufficientlyterrifiedthattheyneedtoblow-offaweekendattheHamptonstofranticallytrytofigureouthownottorevealthattheyarebankrupt,t...[
閱讀全文]
傲慢與偏見
作者：阿一
盛行“知識越多越反動”時代早已過去數十年了，但這種時代的變異現象，
現在又有死灰複燃之勢（似乎從未消失過）。在當今社會轉型時期，“越反動”
的人似乎大多出現在“知識越多”的人群當中，他們對一些社會問題的言談舉止
往往表現為傲慢與偏見，我們一般稱之為“知識分子”。而他們之所以為人所關
注，[
閱讀全文]
西南聯大70周年悼念中國大學
梁龍
今天是西南聯大成立70周年(1937.11.1-2007.11.1)，這所隻維持了8年的大
學培養的大家，在長達半個多世紀的時間裏，支撐著中國學術的天空。這樣的成
績，是其後70年中國所有大學培養人才的總合都無法企及的。
悲哀的是，在那8年之後，西南聯大獨立，自由的精神沒能在中國這片土地
延續下去。在那之後，強加到中國的大學上[
閱讀全文]
RoundTwooftheCreditCrunch
ThecreditcrisisthissummerendedupwiththeFedandcentralbanksworldwideaddingmassiveamountsofliquidityintothesystem.Thislasttwoweekshaveseenonebankafteranothermakelargewrite-downsofsubprimedebtontheirbooks.Merrillfoundafewbilliondollarsmoreinlossesthantheyhadonlyafewweeksago.MybetisthatCitiwillfindalotmoreaswell.
TheproblemisthatmoreandmoreCDOsandotherformsofmortgagede...[
閱讀全文]
DissectingaCDOsausage.rasputin
NEW11/1/20072:31:25PM C'mon,admitit.
YouREALLYwanttoknowwhatkindoffat,grissle,andsawdusthasbeengroundintotheserottingCDOsausages,don'tyou?Butyou'retoobusyanddistractedwithtryingtomaintainyoursanitytopokearoundinthedark,dankdungeon-likekitchenwherethesethingsareconstructed.
Well,leaveituptoRasto...[
閱讀全文]
