I'llspareyouhavingtoonceagainhavingtoreadmylong,torturedhistorylectureonthehorrorsoffiatcurrency,fractionalreservelending,centralbanking,securitizationandderivativessystem,whichunderpinsallofourtroubles.Rather,Iwillfocussolelyonthelastfouryears,fast-forwardtotoday.
Backinmid-2003,FreddieMacwasbustedfor“cookingthebooks”andmonkeyingaroundwiththebalancesheetandP&Ltoactually—believeitornot—...[閱讀全文]
博文
(2007-08-10 22:24:49)
(2007-08-10 21:29:39)
FEDERALRESERVEStatisticalRelease
H.4.1
FactorsAffectingReserveBalancesofDepositoryInstitutionsand
ConditionStatementofFederalReserveBanks
August9,2007
1.FactorsAffectingReserveBalancesofDepositoryInstitutions
Millionsofdollars
Averagesofdailyfigures
ReserveBankcredit,relateditems,andWeekendedChangefromweekendedWednesday
reservebalancesofdepositoryinstitutio...[閱讀全文]
(2007-08-10 19:25:43)
好文！析美國次級信貸市場的潛在風險(轉貼)來源:bear888於07-08-1017:05:10[檔案][博客] [舊帖][轉至博客][給我悄悄話]
美國銀行家的胃口永遠難以滿足,當大部分普通人的房地產按揭貸款資源開發殆盡後,他們又將眼光盯上了一些根本不合格的人。這就是美國600萬貧困或信譽不好的窮人和新移民。
美國的按揭貸款市場大致可以分為三個層次:優質貸款市場(PrimeMarket)，“A[閱讀全文]
(2007-08-10 18:38:28)
InthebeginningGodmademorons.Thatwasforpractice.
Thenhegotdowntotheseriousbusinessofmakingcentralbankers.
Theroleofacentralbankshouldbetoprotecttheintegracyofthecurrency.Increasingmoneysupplyattherateofeconomicgrowth.
Today'scentralbankersputtheirnosesineverythingrelatedtobusiness.Theygetcalled"Maestro"&getknighted.
Theyarepoliticalanimals&TVstars.Theyeatinfinere...[閱讀全文]
Thenhegotdowntotheseriousbusinessofmakingcentralbankers.
Theroleofacentralbankshouldbetoprotecttheintegracyofthecurrency.Increasingmoneysupplyattherateofeconomicgrowth.
Today'scentralbankersputtheirnosesineverythingrelatedtobusiness.Theygetcalled"Maestro"&getknighted.
Theyarepoliticalanimals&TVstars.Theyeatinfinere...[閱讀全文]
(2007-08-10 18:28:06)
BillFleckenstein,presidentofFleckensteinCapital,ahedgefundmanagerwhoisbettingagainstcredit-industrystocks,saidthemarketisgoingthroughacorrectioninwhichsecuritizedmortgagesthatfueledthehousingboomarebeingmarkedtotheirrealvalue."There'sgoingtobeashutdowninthehousingmarket.AndFannieMaeandFreddieMacarenotgoingtobeabletobailitout,norshouldthey,"Fleckensteinsaid."IfFannieMaeandFreddieorsomebodybailsoutt...[閱讀全文]
(2007-08-10 11:12:07)
QuoteoftheWeek:Hedgefundsandprivate-equityfirmstodayarelikethedot-comsin2000:Askformoneyandyou'llgetit.Theybidupthepricesofeverything.Theamountofmoneyflowingisalmostoutofcontrol,andit'smakingeverythingovervalued.Aclientofminesaidit'slikethereare11,000planesintheskyandonly100goodpilots--anaccidentisboundtohappen.—RayDalioofBridgewaterAssociates,quotedinBarron's,May26th2007edition[閱讀全文]
(2007-08-10 00:58:56)
天妒紅顏啊，特殊的中國
·悠 哉·
這個世界就數我們中國最特殊。
因此，不適用世界通行的普通標準和規則。包括飛機失事的賠償，中國人花同樣的錢乘同一班飛機，失事了隻被賠償外國人的幾分之一，還對保險公司謝天謝地！中國人的尊嚴已經夠低賤的了，可是，老天爺的立場為什麽[閱讀全文]
(2007-08-10 00:26:24)
Thereare2purposesofaCentralBankasfaraslegitimatepurposes.Iwon'tgointotheillegitimatepurposes,whichthereisone,toallowbankerstoscrewusoutofasmuchpropertyastheycan.
Onepurposeisasareservevesselandtheotheristoputoutcirculatingmedium.Now,oneimpliestheother,thatthereservesbackthecirculatingmediumandtheCentralBankdoesn'tgiveoutthemediumwithoutgettinginreturnthereserveasset.Thereserveassetbearsinter...[閱讀全文]
Onepurposeisasareservevesselandtheotheristoputoutcirculatingmedium.Now,oneimpliestheother,thatthereservesbackthecirculatingmediumandtheCentralBankdoesn'tgiveoutthemediumwithoutgettinginreturnthereserveasset.Thereserveassetbearsinter...[閱讀全文]
(2007-08-09 23:54:25)
Crammer:"Iamfrightened"LimeJuice
NEW8/9/20071:07:45PM 3:47PMEDT
YouCanHeartheFearontheStreet--Andthat'swhat'sreallyscary.
Whenyouspeaktopeopleinbonds,youarehearingthreewordsthatyouareneversupposedtohear:"Iamfrightened."Nooneinthisbusinessiseversupposedtousethosewords.ButIamhearingthemallthetime.
Thecomplacencyisgone.Thef...[閱讀全文]
(2007-08-09 23:45:48)
WorstScenariosofBearStockMarkets..
...arenoproblem. byPoorSoul
MorethanhalfofallAmericanscouldn'tgiveadamniftheDowwasat7,000,theS&Pat800andtheNasdaqat1,200.
Thatwon'timpacttheirlives.
ButtheBIGPROBLEMisnotwhatwillhappentothestockmarketsifthosemarketsceasebeingdisconnectedfromthegrimeconomicfundamentals.
DEBTistheissue.THEISSUE.
And,althoughwhatwillhappentothestockm...[閱讀全文]
...arenoproblem. byPoorSoul
MorethanhalfofallAmericanscouldn'tgiveadamniftheDowwasat7,000,theS&Pat800andtheNasdaqat1,200.
Thatwon'timpacttheirlives.
ButtheBIGPROBLEMisnotwhatwillhappentothestockmarketsifthosemarketsceasebeingdisconnectedfromthegrimeconomicfundamentals.
DEBTistheissue.THEISSUE.
And,althoughwhatwillhappentothestockm...[閱讀全文]
