Chairman BenS.BernankeAttheBundesbankLecture,Berlin,GermanySeptember11,2007GlobalImbalances:RecentDevelopmentsandProspectsInaspeechgiveninMarch2005(Bernanke,2005),Idiscussedanumberofimportantandinterrelateddevelopmentsintheglobaleconomy,includingthesubstantialexpansionofthecurrentaccountdeficitintheUnitedStates,theequallyimpressiveriseinthecurrentaccountsurplusesofmanyemerging-marketeconomies...[
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UncleBenisasmartman.Andanyonewhohasbeendissinghimisjustplainwrong,andmoreoverBenmadeitveryclearwhatisgoingtohappen.
IjustlostahugepieceItriedtopostaboutwhatBenactuallysaid.
Butinshortsummary-Ithinktherearetoomanyposters(andnottomentionfinancialjournalists)talkingthroughtheirpockets,theirvariegatedglasses,andeven,dareIsay,therearevasthegdefundsbettingallovertheplaceonthestrangeideathattheyc...[
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thekeyisinthelongendoftreasuries.
Aseveryoneknows,theboomisannouncedbyfallinglongratesandrisingshortrates.
Converselycreditcontractionisrisinglongrates,andfallingshortrates.Hencetheconnectiontothetreasurycurve.
Itwasduringtheboomthatallthe"creditors"gotinontheborrowshorttolendlonggame.Thisbecamesooverplayeditdrovetheyieldupontheshortend.Itisinthisendofthegamethatthevastmajorityofintere...[
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"Iexpectthatinthenextyearortwo,wewillobserveatleastonequarter,andmorelikelyafullyear,inwhichtheentireprofitoftheU.S.bankingsectorisconsumedbyloanlosses."
"AsofJune30,2007,thenetincomeofallFDICinsuredbankinginstitutionstotaled$36.8billion.Atanannualrate,thatrepresentsabout2%ofallloansoutstanding.Meanwhile,netcharge-offsforbadloanswerealreadyrunningatanannualrateofabout0.50%inJune.That'sinastron...[
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UKBanksface10-dayDebtTimebombmeg-abear
NEW9/10/20077:41:14PM Banksface10-daydebttimebomb
ByIainDey,SundayTelegraph
LastUpdated:12:02amBST10/09/2007
Britain'sbiggestbankscouldbeforcedtocoughupasmuchas£70bnoverthenext10days,asthecreditcrisisthathasseizedtheglobalfinancialsystemsparksafreshwaveofchaos.
•Thecr...[
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zt讀書也是需要童子功的。過了那個年紀，再用功，就是另一回事了。LocalAccess打往中國電話卡1.3￠/分種來源:PoorKids?於07-05-1805:49:55[檔案][博客] [舊帖][轉至博客][給我悄悄話]
謝泳：正常的時代應是讀書自由時代
...回想自己的讀書生活，最大的感受是最能讀書的時候沒有書讀，有書讀了，已經錯過了最好的讀書時光。我總覺得，一個喜歡讀書的人應該在他上大學[
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Therealreasontoworryaboutbankconduits
SundaySeptember9,10:40amETInacrisis,bignumberscanlookfrightening.Andamidthecurrentturmoil,therearefewfiguresbiggerthanthetotalassetsthattheworld'sbankshaveparkedinoff-balancesheetvehicles.Thesestructures,knownasconduits,havebecomethefocusoftheliquiditysqueezeroilingthebankingsector.Fitch,aratingsagency,reckonsbank-sponsoredconduitsholdassetsworthabout$1,40...[
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WHATcrisis?vengeur
NEW9/9/20072:56:34PM
ThingsyoushouldtrustasanAmerican
1)thestrengthandomnipotenceoftheU.S.Dollar
2)theunrivaledsuperiorityofAmerican-styleCapitalismandtheAmericanMilitary
3)Theresignationofresourcerichforeigncountriestoremainpoor
4)TheeternaleducationalandintelectualsuperiorityofAmericans
...[
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WhyistheFutureSoAbsurd? Followupto: StrangerthanHistory,AbsurdityHeuristic/AbsurdityBiasWhyisthefuturemoreabsurdthanpeopleseemtoexpect? (Thatis: Why,historically,hasthefuturesooftenturnedouttobemore"absurd"thanpeopleseemtohaveexpected?)Oneobviousreasonishindsightbias. Hindsightdoesnotjustcausepeopletoseverelyunderestimatehowmuchtheywouldhavebeensurprised. Hindsightal...[
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1949之後：中共領袖反右眾生圖
發布者thchen在07-09-0909:56
請您惠顧讚助商
鼓勵其長期支持CND
QualityBrand!
CNDAmazon
Cameras,Books...
記者：李肅
在半個世紀以前的那場反右運動中，中國共產黨的最高領導人們都是如何表現的呢？
*毛澤東欽定右派*
毛澤東不僅直接發動和指揮了這場運動，而且[
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