Comments on: Credit Suisse Takes Bigger Than Expected Writedown http://www.nakedcapitalism.com/2008/04/credit-suisse-takes-bigger-than.html Sun, 22 Nov 2009 04:39:16 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Yves Smith http://www.nakedcapitalism.com/2008/04/credit-suisse-takes-bigger-than.html#comment-7319 Yves Smith Fri, 25 Apr 2008 07:47:00 +0000 http://www.nakedcapitalism.com/2008/04/credit-suisse-takes-bigger-than-expected-writedown/#comment-7319 I hope everyone will bear with me. Blogger has <a HREF="http://www2.blogger.com/unlock-blog.g?lockedBlogID=3782644139927778760&popup=true" REL="nofollow">locked my blog</a>. This is really an indictment of what passes for technology at Google; if you look at the characteristics of <a HREF="http://help.blogger.com/bin/answer.py?answer=42577#whatsasplog" REL="nofollow">spam blogs</a>, I don't see how they could have singled Naked Capitalism out. And they ought to have screened it against my Google ad revenues or my Feedburner traffic, both of which they can readily access. Or better yet, contact me. <br/><br/>Worse, I am speaking on a <a HREF="http://www.milkeninstitute.org/events/gcprogram.taf?function=detail&EvID=1396&eventid=GC08" REL="nofollow">first time panel</a> of econbloggers at the Milken Conference next week. This sort of thing never happens at a good time, but this is particularly badly timed.<br/><br/>If you have any ideas, aside from getting off Blogger and raising hell in Mountain View, they'd be very much appreciated. <br/><br/>Please keep checking back.... I hope everyone will bear with me. Blogger has locked my blog. This is really an indictment of what passes for technology at Google; if you look at the characteristics of spam blogs, I don’t see how they could have singled Naked Capitalism out. And they ought to have screened it against my Google ad revenues or my Feedburner traffic, both of which they can readily access. Or better yet, contact me.

Worse, I am speaking on a first time panel of econbloggers at the Milken Conference next week. This sort of thing never happens at a good time, but this is particularly badly timed.

If you have any ideas, aside from getting off Blogger and raising hell in Mountain View, they’d be very much appreciated.

Please keep checking back….

]]> By: Max http://www.nakedcapitalism.com/2008/04/credit-suisse-takes-bigger-than.html#comment-7297 Max Thu, 24 Apr 2008 17:46:00 +0000 http://www.nakedcapitalism.com/2008/04/credit-suisse-takes-bigger-than-expected-writedown/#comment-7297 <i>Japan has experienced an Austrian business cycle. The initial boom was created by a central bank-induced monetary expansion.</i><br/><br/>According to Austrians every boom is created by the evil CBs. Markets cannot ever fail by themselves, because as everybody knows, every person is completely rational and never makes mistakes. Japan has experienced an Austrian business cycle. The initial boom was created by a central bank-induced monetary expansion.

According to Austrians every boom is created by the evil CBs. Markets cannot ever fail by themselves, because as everybody knows, every person is completely rational and never makes mistakes.

]]> By: doc holiday http://www.nakedcapitalism.com/2008/04/credit-suisse-takes-bigger-than.html#comment-7289 doc holiday Thu, 24 Apr 2008 15:56:00 +0000 http://www.nakedcapitalism.com/2008/04/credit-suisse-takes-bigger-than-expected-writedown/#comment-7289 Re: "people had seen the light at the end of the tunnel and it's been a train coming down the tracks,'' Dougan said today.'<br/><br/>Re: Nice background below related to that train in the tunnel. IMHO, grow as much food as you can this summer and get on it today and start a penny jar and save ever last cent you have!!!!!!<br/><br/>Explaining Japan's Recession<br/>Daily Article | Posted on 11/19/2002 by Benjamin Powell<br/><br/>http://www.mises.org/article.aspx?Id=1099<br/><br/>Producing things that nobody wants and propping up malinvestments cannot possibly help any economy. This policy is equivalent to the old Keynesian depression nostrum of paying people to dig holes and fill them. Neither policy will revive the economy because neither forces businesses to realign their structures of production to match consumer demands.<br/><br/>Japan has experienced an Austrian business cycle. The initial boom was created by a central bank-induced monetary expansion. Because of repeated interventions, the economy has not recovered. The greatest malinvestments took place in capital-intensive industries in the earlier stages of production. For Japan's economy to recover the government must stop intervening in the economy and allow the market process to realign the structure of production to match consumer preferences. Re: “people had seen the light at the end of the tunnel and it’s been a train coming down the tracks,” Dougan said today.’

Re: Nice background below related to that train in the tunnel. IMHO, grow as much food as you can this summer and get on it today and start a penny jar and save ever last cent you have!!!!!!

Explaining Japan’s Recession
Daily Article | Posted on 11/19/2002 by Benjamin Powell

http://www.mises.org/article.aspx?Id=1099

Producing things that nobody wants and propping up malinvestments cannot possibly help any economy. This policy is equivalent to the old Keynesian depression nostrum of paying people to dig holes and fill them. Neither policy will revive the economy because neither forces businesses to realign their structures of production to match consumer demands.

Japan has experienced an Austrian business cycle. The initial boom was created by a central bank-induced monetary expansion. Because of repeated interventions, the economy has not recovered. The greatest malinvestments took place in capital-intensive industries in the earlier stages of production. For Japan’s economy to recover the government must stop intervening in the economy and allow the market process to realign the structure of production to match consumer preferences.

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