博文
(2007-08-20 21:08:52)
It'stimeforcentralbankstostopbailingoutmarketsByAndyXiePublished:August14200703:00|Lastupdated:August14200703:00Theglobalcreditbubbleisbursting.Thisbubbleisprimarilyleveragefinancingforowningriskyassets.Thepeoplewhowereresponsibleforwhathappenedplayedwithotherpeople'smoney,marketedarcanefinancialproductswithfalsepromisesoffatprofits,butstuffedtheirownpocketswithbigbonuses.Neitherthesemastersoftheu...[閱讀全文]
(2007-08-20 20:40:21)
PanicinU.S.moneymarkets!(byMartinWeissandMikeLarson)8/20/20076:00:00PM
MartinandMikeherewithanurgentafternoonupdate.DespitetheFed'sbiggestcashinfusionssince9-11…DespitetheFed'ssurprisediscountratecutonFriday…Anddespiteitsdesperateeffortstopersuadebigbankstoborrowthemoney…PanicIsNowHitting
U.S.MoneyMarkets!Wearewitnessingthemostdramatic—andpotentiallymostconsequential—panicrushtosafety...[閱讀全文]
(2007-08-20 20:32:21)
PrimaryDealersthathaveaccesstotheDiscountWindow:
BNPParibasSecuritiesCorp.
BancofAmericaSecuritiesLLC
BarclaysCapitalInc.
Bear,Stearns&Co.,Inc.
CantorFitzgerald&Co.
CitigroupGlobalMarketsInc.
CountrywideSecuritiesCorporation
CreditSuisseSecurities(USA)LLC
DaiwaSecuritiesAmericaInc.
DeutscheBankSecuritiesInc.
DresdnerKleinwortWassersteinSecurities...[閱讀全文]
BNPParibasSecuritiesCorp.
BancofAmericaSecuritiesLLC
BarclaysCapitalInc.
Bear,Stearns&Co.,Inc.
CantorFitzgerald&Co.
CitigroupGlobalMarketsInc.
CountrywideSecuritiesCorporation
CreditSuisseSecurities(USA)LLC
DaiwaSecuritiesAmericaInc.
DeutscheBankSecuritiesInc.
DresdnerKleinwortWassersteinSecurities...[閱讀全文]
(2007-08-19 21:55:52)
CountrywideBeginsStaffLayoffs
ByJAMESR.HAGERTY
August20,2007;PageA6-WallStreetJournal
CountrywideFinancialCorp.,reducingcostsaspartofitsefforttoweatheracreditcrunch,hasbegunlayingoffemployeesinvolvedinoriginatingloans,accordingtoaninternalemail.
Thelayoffsoccurredinthecompany'sFullSpectrumLendingunit,whichhandlesmanyhomemortgagesinacategoryknownasAlt-A,ormortgagesbetweenprimeandsub...[閱讀全文]
ByJAMESR.HAGERTY
August20,2007;PageA6-WallStreetJournal
CountrywideFinancialCorp.,reducingcostsaspartofitsefforttoweatheracreditcrunch,hasbegunlayingoffemployeesinvolvedinoriginatingloans,accordingtoaninternalemail.
Thelayoffsoccurredinthecompany'sFullSpectrumLendingunit,whichhandlesmanyhomemortgagesinacategoryknownasAlt-A,ormortgagesbetweenprimeandsub...[閱讀全文]
(2007-08-19 20:59:46)
新浪朱鴻寫：柏楊（轉貼）
來源:江上一郎於07-08-1917:23:31[檔案][博客] [舊帖][轉至博客][給我悄悄話]
柏楊是中國文化哺育的，但他卻能從這種文化之中背身而去，站在它的對麵，嚴峻地審察它，批判它。他像醫生一樣，尋找中國文化的病灶，甚至冷酷地給它開刀，其目的當然是希望它變得健康，充滿活力和魅力。我以為這是柏楊作為一個作家的最大特點，也是其作品[閱讀全文]
(2007-08-19 10:49:29)
Whyarecentralbanksaroundtheworldpouringmassiveamountsoffreshnewcashintotheirmarkets?
Istheglobaleconomysuddenlycontracting?No.
Aretheworld'slargestbankssuddenlygoingbroke?No.
Sowhat'spromptedthesegovernmentstopouroutsomuchmoneysosoon?
Pureandsimple,they'reafraidthemortgagemeltdownintheUnitedStatescouldtriggermassivefailuresintheinternationalfinancialsystem.
Justlookatwhatalmo...[閱讀全文]
Istheglobaleconomysuddenlycontracting?No.
Aretheworld'slargestbankssuddenlygoingbroke?No.
Sowhat'spromptedthesegovernmentstopouroutsomuchmoneysosoon?
Pureandsimple,they'reafraidthemortgagemeltdownintheUnitedStatescouldtriggermassivefailuresintheinternationalfinancialsystem.
Justlookatwhatalmo...[閱讀全文]
(2007-08-18 23:24:41)
Aug.16(Bloomberg)--Dearinvestor,we'dliketotakethis
opportunitytoupdateyouontherecentperformanceofourhedge
fund,Short-TermCapitalMismanagementLLP.
Asyouknow,marketselectionfortheentirefundisguided
byaproprietaryinvestingtoolweliketocall''adartboard.''
Oncetheassetclassesaredecided,individualsecurity
selectionsaregeneratedbydigitizingouruniquehexagonal
cuboidmodels.
U...[閱讀全文]
opportunitytoupdateyouontherecentperformanceofourhedge
fund,Short-TermCapitalMismanagementLLP.
Asyouknow,marketselectionfortheentirefundisguided
byaproprietaryinvestingtoolweliketocall''adartboard.''
Oncetheassetclassesaredecided,individualsecurity
selectionsaregeneratedbydigitizingouruniquehexagonal
cuboidmodels.
U...[閱讀全文]
(2007-08-18 09:47:29)
'It'Happened,butNotAgain:AMinskianAnalysisofJapan'sLostDecade
MARC-ANDREPIGEON
BardCollege-TheLevyEconomicsInstitute June2000
JeromeLevyEconomicsInstituteWorkingPaperNo.303
Abstract: ...[閱讀全文]
MARC-ANDREPIGEON
BardCollege-TheLevyEconomicsInstitute June2000
JeromeLevyEconomicsInstituteWorkingPaperNo.303
Abstract: ...[閱讀全文]
(2007-08-18 09:38:19)
"Atitscore,theMinskyviewwasstraightforward:Whentimesaregood,investorstakeonrisk;thelongertimesstaygood,themorerisktheytakeon,untilthey'vetakenontoomuch.Eventually,theyreachapointwherethecashgeneratedbytheirassetsnolongerissufficienttopayoffthemountainsofdebttheytookontoacquirethem.Lossesonsuchspeculativeassetspromptlenderstocallintheirloans."Thisislikelytoleadtoacollapseofassetvalues,"Mr.Minskywro...[閱讀全文]
(2007-08-18 09:11:09)
SoCalhomesalesnow54%belowpeak SouthernCaliforniahomesalescontinuedtoslumpinJuly,falling27%fromyear-agolevels,andarenowrunning54%belowpeaklevelsreachedinJuly2003,DataQuickreportedtoday. SomeindustryexpertshavewarnedthatAugustsalesmaybeevenweaker,giventhewideningcreditsqueezethathasspreadtonon-subprimemortgages.
Theonlyareaofsalesgrowth:for...[閱讀全文]
