Monthly Archives: August 2008

Links 8/28/08

Bondage Lovers Happier, Less Anxious Asylum (hat tip Megan McArdle). Most people do look better in black latex…. Rottweiler fights dog to save boy BBC Credit crunch: ‘It’s just the end of the beginning’ Sean O’Grady, The Independent Ripping off two charts – Moodys mid year residential mortgage backed security performance update John Hempton Lehman […]

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Japan’s Net Sales of Foreign Debt Reaches Record

Although one robin does not make a spring, the increased reluctance of Japanese retail and institutional investors to hold GSE debt is worrisome. Bloomberg reports that Japanese retail and institutional investors are unloading foreign debt due to currency volatility and are particularly leery of Fannie and Freddie securities. Admittedly, as Brad Setser has pointed out […]

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Fannie, Freddie Sale Goes Well

Bloomberg reports that today’s sale of $3 billion of GSE debt went well, which investors took as a sign that a GSE crisis is not imminent. However, even this striving-to-be-upbeat article had some threads that bode ill for the longer term. And DealBreaker pointed out earlier this week that there is a profitable arbitrage on […]

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Fed Staff Economists More Downbeat Than FOMC

Anyone who has ever worked in a large organization knows that the underlings are frequently overruled by the higher-ups. The Federal Reserve is apparently no different. A piece in today’s Financial Times, “Fed minutes bearish on growth,” reports that Fed staffers foresee continuing economic weakness, which in turn made them more sanguine about inflation than […]

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Links 8/27/08

The Chai Story. If you own a dog, you MUST read this, immediately. Python kills Venezuelan zookeeper BBC New Evidence Debunks ‘Stupid’ Neanderthal Myth ScienceDaily Rumor: Apple telling retailers not to order more inventory Ars Technica Why I had to recognise Georgia’s breakaway regions Dmitry Medvedev Financial Times and Russia Never Wanted a War Mikhail […]

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China Considering Stimulus Package, Oh My!

If you had any doubt that China would remain unaffected by the global slowdown, that should be put to rest by various stories discussing that the Chinese government is mulling a stimulus package. Yes, you could argue that the economy might need a tap on the gas pedal to compensate for all the factory closings […]

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Links 8/26/08

Priest to hold nun beauty pageant BBC Local councils accused of spying on residents’ sex lives Telegraph Carbon-neutral Ziggurat pyramid could house 1.1 million in Dubai engadget Judge restricts online reporting of case New Zealand Herald Bank Holiday Poem: The Dollar MacroMan Is the Accounting Oversight Board Really Independent? Floyd Norris, New York Times Japan’s […]

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