Robert Waldmann is about to share his ignorance on banking, banking regulation, accounting, And accounting standards all in one post. You know the end is near when ordinary people get interested in accounting standards. A wide variety of politicians have decided that the problem with the US financial system is Mark to Market Accounting. It […]
by cactus Well Functioning Markets “My first instinct was to let the market work, until I realized … how significant this problem became.” GW Bush A year ago, many investment banks were having their most profitable year ever and the geniuses on Wall Street were making enormous bonuses. The profits were being generated by effectively […]
by Noni Mausa Each Seller has a Buyer — So Who Are The Sellers, Who the Buyers? Stocks are changing hands like monopoly money, so far as I can see. The values may rise or fall, but the numbers of stocks stay the same more or less, right? So, do we know who the sellers […]
Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. […]
Via The Nation: A number of house progressives who voted against yesterday’s bailout bill, including Pete DeFazio, Donna Edwards and Marcy Kaptur, have just held a press conference unveiling their own proposal. Text below. Commentary to follow:DRAFTNo BAILOUTS ActBringing Accounting, Increased Liquidity, Oversight and Upholding Taxpayer Security1. Require the Securities and Exchange Commission (SEC) to […]
Floyd Norris throws up [at] the details. He is not alone. Anyone keeping money in the U.S. stock market from this point forward better have no choice.
Rdan From the end of “Brain’s Night Off,” after a series of unsuccessful entertainment tripsB: Come, Pinky. We must return to the lab to prepare for tomorrow night.P: Gee, Brain, what are we going to do tomorrow night?B: The only thing I know how to have any fun doing. Trying to take over the world!
by Ken Houghton My article for Institutional Investor on the investment opportunities available in Emerging Markets Infrastructure, most especially in water and sanitation, is available on their website (subscribers only, it appears). UPDATE: For those looking for discussions of water and sanitation that are not gated, angrybear frequently discusses the subjects.
A research review by: Divorced one like Bush Introduction: This review was initiated after reading the report linked at the 25 indicators post. A review of the data regarding accepted economic performance indicators for business cycle peaks of year 2000 and 2008 is presented along with a discussion of the relevance to the strategy of […]
Reader Andrew notes: From Marketwatch: Wen, who is known for his openness and economic mastery, told Zakaria that despite the impressive growth his country has experienced over the past 30 years, things have changed because of the United States’ subprime problems. “We have seen a decline in external demand, and China’s domestic demand cannot be […]