"Eventsofthepastmonthhaveshownthatwhileriskcanbedisintermediatedbybanks,itcannotbeeliminated.Arguably,itmigratestoelementsofthefinancialsystem,suchashedgefunds,insurersandpensionfunds,whicharelessqualifiedtomanageit."
Someofushavebeensayingthisforyears:thatthefinancialengineering(derivativessecuritizingbulkdebt)doesNOT(ashasbeenpropagandizedendlessly)transferrisktothosepartiesBESTqualifiedtoma...[
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我們終於“阿Q”的更加徹底了!
作者:郭曉偉
得知北京高中語文課本大“換血”的消息,最初還有點懷疑,後來經過確認,
才敢相信這是一個真實的消息。
我的第一反應是內心的一陣竊喜:我們終於開始對現行的已經僵化的語文教
學進行改革了!我甚至突然之間看到了曙光!我甚至由此聯想到之後的教育體製
改革!然而,在看過標題之後,我的[
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Goldduringrecessions/depressionsPawRugg
NEW9/1/20074:21:45PM Thetwomostrecentbigrecessions/depressionsintheU.S.weretheearly30sdepressionandthe70s"recession"(whichRonaldReagancorrectlycalledadepression).
Whathappenstothepurchasingpowerofgoldduringrecessions/depressions?
Here'stheanswer
Nevermindthatthischartcamefrom(Ithin...[
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Prechter:WhytheFedWillNotStopDeflationBymanystromCreated08/30/2007-11:53Editor'snote:RobertPrechter'sLatestElliottWaveTheorist[1]wasreleasedthreeweeksearly,andisoneofhisbestTheorist'sever.HedoesnotmincewordsandcutsstraighttotheboneonwhattheFedisandisnotwillingtodo.Itisfascinatingreading.Ihavearrangedtomakethisbriefexcerptavailable.ExcerptedfromTheLatestElliottWaveTheorist[2]
August26,2007|Robe...[
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TheFedanditsprivateowners:whatisreallynikko
NEW9/1/20071:29:13AM goingonwiththismortagemeltdown.
Whythe1929crashandFEDCONTRACTEDthemoneysupplyuntil1933,thusperpetuatingandapplifyingtheGreatDepression.TodestroytheNON-FedbanksandothercompetitorstotheRockefeller/MorganEasternEstablishmentempire.TheseBanksandCorporatewhoreswantedtob...[
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PastisNotPrologue,andHopeIsNotaStrategy
Thecapitalmarketsofthelastquartercenturyhavebeenincrediblygeneroustous.Sincemid-1982,theS&P500indexhasadvancedatasolid13.9%annualclip,while10-yearTreasurybondshavepostedannualizedreturnsof9.8%.Withannualinflationaveragingjustover3%,thismeansthatinvestorshaveseentheirrealwealthdoubleeverysevenyearsinstocksandevery11yearsinbonds.But,pastisnotprologue.<...[
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Mediausuallyhaswrongstorymannfm11
NEW8/31/200711:10:05AM Adjustableratemortgagesaren'twhatiscausingthismess.Subprimeisn'twhatiscausingthismess.Thewholesystemskewedtotherightandcreatedafalsedemandthatiscertaintoglutmarkets.Wearenowseeingthesupplysideoftheglut.
HereinDFW,themarketneverwentupbecausetheprimeemployersaroundherefellin...[
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byPeterSchiffTheWritingisontheWallAugust31,2007
Thisweek,LarryKudlowandothersstronglychastisedBernankeforhisfailuretoreadthewritingonthewallandurgedtheFedChairmantoquicklyslashtheFedFundsrate.Methinksthepunditsdothprotesttoomuch.Foryears,Kudlow,whopracticallycoinedtheterm“Goldilockseconomy,”hasdismissedwithscornsuggestionsthattheAmericaneconomywasanythinglessthanraginglyhealthy.Ifoureconomyi...[
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High-YieldBondIssuesPlunged96%inAugust
ByCynthiaKoons
WordCount:760|CompaniesFeaturedinThisArticle:Tribune,HomeDepot
Barelyadropofissuancefellinthejunk-bondmarketinAugust,aconspicuoussilenceaheadofwhat'sexpectedtobeadelugeofsupplyoncethedambreaks,expectedrightafterLaborDay.
Investorshavebeenshyingawayfromriskinthefaceofrisingvolatilityinallmarkets,yetthesituationcan'tproceedlikethi...[
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幹擾幸福感的噪音
·馮音捷·
幸福意味著自我滿足。——亞裏士多德。
人有很多情感需要。人需要感到愛、有價值、被接受、有希望等等。如同溫飽等生理需要得到滿足後,人就會感到身體舒服一樣,情感需要滿足後,人的心中就會得到快樂和幸福。
滿足人的情感需要有些像人[
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