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45 trillion credit swap market…how big is that?

…— real economic activity — and something that’s essentially wasting. MOON: And Whalen points out that Bear Stearns had more than $2.5 trillion in credit default swaps. He suspects that…

American Peso

…what Fed rate to set today, after taking crud as collateral from Bear Stearns on a non-recourse basis, and opening unlimited lending against further crud mortgage backed securities from everybody…

Where DID the money go? Part 2

…Aug. 8, just after the Bear Stearns hedge funds filed for bankruptcy protection, U.S. money market fund total assets reached a record high of $2.66 trillion, with investors pouring $49…

Does Everyone Gain From Free Trade?

…deficits. You see – we are saving more according to this statistic: In it David Malpass (NRO financial writer and Bear Stearns chief economist) shows per capita assets in the…

Low Savings Rate: Myth or Scare?

…is a simplistic one that involves a subtraction of cash outlays from disposable income. David Malpass, NRO Financial writer and chief economist at Bear Stearns, recently noted that savings statistics…