Thursday,August9,2007"TheCompleteEvaporationofLiquidity"AsIusuallydo,Iwrotethistodayforpostingtomorrow.Eventsarerunningaheadfast,however,andIthinkitismoretimelytopostittoday.
OnMarch15Ipostedwhathasturnedouttobeapropheticentrytitled"Well,WhatDoYouWantItToBe?",whichfollowedthevariousstagesinsecuritizingandderivativizingasimplehomemortgageuptothefourthdegree(CDO,CDS,hybrids,fundedvs.unfunded,etc...[閱讀全文]
博文
(2007-08-09 23:30:03)
(2007-08-09 22:51:22)
Thebignewsaboutthehousingmarketisifthepricesfall,theequityisgone.Someoftheseguysthinkthattheeffectsof2004,2005and2006areoutthewindow.No,theeconomyhasbeenridingontheseyears.ProblemgoingforwardisthatoldmotherHubbardisgoingtogotohermortgagelender,herRealtorandtoherbankandfindouthercreditcardsaremaxedoutandherhomeequityaccountisoverdrawn.
Remember,refinancesarestillrunningataprettyhighlevel.Ratesa...[閱讀全文]
Remember,refinancesarestillrunningataprettyhighlevel.Ratesa...[閱讀全文]
(2007-08-09 22:25:40)
孫中山：民族主義(文章很長,但是值得讀)LocalAccess打往中國電話卡1.3￠/分種來源:daremighty於07-08-0921:59:44[檔案][博客] [舊帖][轉至博客][給我悄悄話]
今天所講的問題，是怎麽樣可以恢複我們民族的地位。
我們想研究一個什麽方法去恢複我們民族的地位，便不要忘卻前幾次所講的話。我們民族現在窨是處於什麽地位呢？我們民族和國家在現在世界是什麽情形？一[閱讀全文]
(2007-08-09 22:05:05)
AndrewMellon'swordsmaystealthilysneakintopeople'smidnightdreams.
"Liquidatelabor,liquidatestocks,liquidatethefarmers,liquidaterealestate.Purgetherottennessoutofthesystem.Highcostsoflivingandhighlivingwillcomedown.Peoplewillworkharder,liveamoremorallife.Valueswillbeadjusted,andenterprisingpeoplewillpickupthewrecksfromlesscompetentpeople."
[閱讀全文]
"Liquidatelabor,liquidatestocks,liquidatethefarmers,liquidaterealestate.Purgetherottennessoutofthesystem.Highcostsoflivingandhighlivingwillcomedown.Peoplewillworkharder,liveamoremorallife.Valueswillbeadjusted,andenterprisingpeoplewillpickupthewrecksfromlesscompetentpeople."
[閱讀全文]
(2007-08-09 10:40:04)
誰是誰非:兩岸中國曆史教科書比較
淡江大學中國大陸研究所副教授
楊景堯
一.前言
兩岸分治的現實，並無法改變兩岸源於相同源流曆史的事實。長期以來，由於兩岸意識型態的不同，以及在國共內戰的不愉快經驗，以致於不少學者隻關注大陸曆史教科書中的「政治意識型態」問題；或者說，都習慣於從政治的角度去解讀大陸的曆史教科書，也正因此，對於中國現[閱讀全文]
(2007-08-09 07:27:21)
Paybacktime
ByBrookeMastersandSaskiaScholtes
Published:August9200703:00|Lastupdated:August9200703:00
AttheheightoftheUSsubprimelendingboom,takingoutamortgagecouldnothavebeeneasier.Lowcreditscoreandhistoryofbankruptcy?Noproblem.Incometoolowtoqualifyforamortgage?Inflatewhatyouearnona"statedincome"loan.Nervousthatyourlendermightcheckuponyour"statedincome"?Visitwww.verifyemployment.net.閱讀全文]
ByBrookeMastersandSaskiaScholtes
Published:August9200703:00|Lastupdated:August9200703:00
AttheheightoftheUSsubprimelendingboom,takingoutamortgagecouldnothavebeeneasier.Lowcreditscoreandhistoryofbankruptcy?Noproblem.Incometoolowtoqualifyforamortgage?Inflatewhatyouearnona"statedincome"loan.Nervousthatyourlendermightcheckuponyour"statedincome"?Visitwww.verifyemployment.net.
(2007-08-08 23:06:45)
ExcerptedfromInvestorLetter,byJ.KyleBass-ManagingPartneratHaymanCapital,DallasDtd:7/30/07
”Lastweek,Ispentsometimeinthe“InlandEmpire”ofCaliforniaonadiligencetriptosurveytheactualdamage.Asmanyofyoualreadyknow,55%ofallSubprimeloansweremadeinCaliforniaandFlorida.
LetmestartbysayingitisMUCHWORSEthanevenIthoughtitcouldbe.Imetwithvariousmortgagelenders,originators,economists,andcapitalmarkets...[閱讀全文]
”Lastweek,Ispentsometimeinthe“InlandEmpire”ofCaliforniaonadiligencetriptosurveytheactualdamage.Asmanyofyoualreadyknow,55%ofallSubprimeloansweremadeinCaliforniaandFlorida.
LetmestartbysayingitisMUCHWORSEthanevenIthoughtitcouldbe.Imetwithvariousmortgagelenders,originators,economists,andcapitalmarkets...[閱讀全文]
(2007-08-08 22:31:34)
"Liberalism"byLudwigvonMises推倒中共的一黨專製不容易，推倒之後建立一個新的合理的製度更不容易。那新的合
理的製度不僅僅是民主法製，還包括政府對於經濟的幹預程度等。
公民的自由和財產是不可分割的。政府對於經濟的幹預實際上就是對於公民的財產
的幹預，稅收、通脹、信貸等等都是政府對於公民財產的幹預。
有誌於中國的民主事業的人士們(我指的是那些[閱讀全文]
(2007-08-08 21:48:31)
格丘山：遊蕩在鄧小平和毛澤東兩座懸崖峭壁之間的中國(上)
送交者:jian2007年8月06日21:21:22於[天下論壇]http://www.creaders.org鄧小平的神話在六四結束上一世紀七十年代未，是中國近代史上一個極其重要的時刻。占據著中國舉足輕重位
置的毛澤東的死造成了中國政治的巨大真空。這迫使中國麵臨著一個重要的抉擇，
毛澤東後的中國向那裏去？經過幾十年無止休的政治鬥爭[閱讀全文]
(2007-08-08 21:45:54)
格丘山：遊蕩在鄧小平和毛澤東兩座懸崖峭壁之間的中國(下)
送交者:jian2007年8月08日18:56:13於[天下論壇]http://www.creaders.org走出鄧小平和毛澤東的思想崮製
而當權貴們以為中國良心已經在文革中被他們玩弄得聲名狼籍，在六四中被他們殺死，
如今在他們的信息封鎖和春光迷樂的靡靡之音吹拂之下，應該已為人們忘記的時刻，
中國的土地正在鄧小平編製的魔術和幻覺[閱讀全文]
