Comments on: Links 10/18/08 http://www.nakedcapitalism.com/2008/10/links-101808.html Mon, 23 Nov 2009 11:57:17 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22257 Anonymous Sun, 19 Oct 2008 04:33:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22257 I just found the blog of the man who made a fortune out of the crisis (dubbed the king of short sellers). his name is simoncawkwell<br/><br/>http://simoncawkwell.blogspot.com I just found the blog of the man who made a fortune out of the crisis (dubbed the king of short sellers). his name is simoncawkwell

http://simoncawkwell.blogspot.com

]]> By: Economic Computer Games http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22256 Economic Computer Games Sun, 19 Oct 2008 04:05:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22256 Mark to market is not perfect but it is the best way to determine the value of assets bar none. Anyways, changing it now will only cause the crisis to extend itself because everybody will know that any sudden revaluations of the books will look fake and undermine confidence in good and bad institutions. In the future we need regulation of all financial instruments, create counter-cyclical capital requirements for banks and try to convince Asian countries that should not hoard their dollar reserves but use them to create consumption during the coming recession. An easy way to do this would be to float their currency but because that is unlikely to happen, perhaps large scale infrastructure investment or tax credits can be used to pump their economies.<br/><br/>Whatever we do, we are in the tank for at least 2 years. Three cheers to bargain hunting until then and selling when the markets return to a high in 2010! Hopefully this time it will be Asian led consumption and Western lead investment. Mark to market is not perfect but it is the best way to determine the value of assets bar none. Anyways, changing it now will only cause the crisis to extend itself because everybody will know that any sudden revaluations of the books will look fake and undermine confidence in good and bad institutions. In the future we need regulation of all financial instruments, create counter-cyclical capital requirements for banks and try to convince Asian countries that should not hoard their dollar reserves but use them to create consumption during the coming recession. An easy way to do this would be to float their currency but because that is unlikely to happen, perhaps large scale infrastructure investment or tax credits can be used to pump their economies.

Whatever we do, we are in the tank for at least 2 years. Three cheers to bargain hunting until then and selling when the markets return to a high in 2010! Hopefully this time it will be Asian led consumption and Western lead investment.

]]> By: American Goy http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22251 American Goy Sun, 19 Oct 2008 02:53:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22251 "I am glad you've picked up the Guardian article. Kleptocracy."<br/><br/>Hey!<br/><br/>I want to patent that phrase!<br/><br/>Kleptocracy capitalism.<br/><br/>http://americangoy.blogspot.com/2008/10/10-of-bailout-money-goes-to-bankers.html “I am glad you’ve picked up the Guardian article. Kleptocracy.”

Hey!

I want to patent that phrase!

Kleptocracy capitalism.

http://americangoy.blogspot.com/2008/10/10-of-bailout-money-goes-to-bankers.html

]]> By: polit2k http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22250 polit2k Sun, 19 Oct 2008 00:43:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22250 @ dearieme, LOL. @ dearieme, LOL.

]]> By: IF http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22218 IF Sat, 18 Oct 2008 16:08:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22218 I am glad you've picked up the Guardian article. Kleptocracy. I am glad you’ve picked up the Guardian article. Kleptocracy.

]]> By: Don http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22216 Don Sat, 18 Oct 2008 15:38:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22216 "China is the future of the world," Zardari said"<br/>From the Washington Post:<br/><br/>http://www.washingtonpost.com/wp-dyn/content/article/2008/10/17/AR2008101702964.html?hpid=topnews<br/><br/>"Investors who helped build the financial boomtowns of developing countries in recent years are now fleeing them, threatening to destabilize burgeoning economies and drag the world into a deep recession...<br/><br/>"There has been tremendous redistribution with the credit crunch. People are selling their higher risk assets -- and emerging market equities qualify as higher risk," said Alec Young, international equity strategist for S&P Equity Research in New York."<br/><br/>This is bad news. We're managing to take everyone with us.<br/><br/>Check this out:<br/><br/>"Perhaps the only major economy that remains robust despite the crisis is China...<br/><br/>"China is the future of the world," Zardari said, according to the official state news agency. "A strong China means a strong Pakistan."<br/><br/>I guess we know where Pakistan stands.<br/><br/>By the way, thanks for the Guardian reference.<br/><br/>Don the libertarian Democrat "China is the future of the world," Zardari said"
From the Washington Post:

http://www.washingtonpost.com/wp-dyn/content/article/2008/10/17/AR2008101702964.html?hpid=topnews

"Investors who helped build the financial boomtowns of developing countries in recent years are now fleeing them, threatening to destabilize burgeoning economies and drag the world into a deep recession…

"There has been tremendous redistribution with the credit crunch. People are selling their higher risk assets — and emerging market equities qualify as higher risk," said Alec Young, international equity strategist for S&P Equity Research in New York."

This is bad news. We're managing to take everyone with us.

Check this out:

"Perhaps the only major economy that remains robust despite the crisis is China…

"China is the future of the world," Zardari said, according to the official state news agency. "A strong China means a strong Pakistan."

I guess we know where Pakistan stands.

By the way, thanks for the Guardian reference.

Don the libertarian Democrat

]]> By: dearieme http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22213 dearieme Sat, 18 Oct 2008 14:58:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22213 "African chimps decline 'alarming'": dear God, are they teaching them Latin? “African chimps decline ‘alarming’”: dear God, are they teaching them Latin?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22207 Anonymous Sat, 18 Oct 2008 14:08:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22207 The use of the 9/11 attack as a political weapon by both major political parties is old news. <br/>The political corruption in America has reached levels that will require something other then more of the same. The use of the 9/11 attack as a political weapon by both major political parties is old news.
The political corruption in America has reached levels that will require something other then more of the same.

]]> By: Moopheus http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22204 Moopheus Sat, 18 Oct 2008 13:33:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22204 So the banks are taking huge write-downs, huge losses, huge bailouts, and huge bonuses. <br/><br/>So the first thing to do is send this article to every member of congress, esp. the ones who voted for the bailout. Everyone should print it out and mail it to Paulson. Not like he doesn't know, of course. <br/><br/>I mean, if the bankers are just paying themselves the money they just got from Treasury, then a targeted bank run should be organized against these banks. Anybody with money in these banks should withdraw it. Any investments, cash them out. Put your money in a local bank or credit union. Stop using your credit and debit cards; use cash instead. Clearly the only way to stop these bastards is to pull the plug on them. And let them know this is why. So the banks are taking huge write-downs, huge losses, huge bailouts, and huge bonuses.

So the first thing to do is send this article to every member of congress, esp. the ones who voted for the bailout. Everyone should print it out and mail it to Paulson. Not like he doesn’t know, of course.

I mean, if the bankers are just paying themselves the money they just got from Treasury, then a targeted bank run should be organized against these banks. Anybody with money in these banks should withdraw it. Any investments, cash them out. Put your money in a local bank or credit union. Stop using your credit and debit cards; use cash instead. Clearly the only way to stop these bastards is to pull the plug on them. And let them know this is why.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/links-101808.html#comment-22196 Anonymous Sat, 18 Oct 2008 11:35:00 +0000 http://www.nakedcapitalism.com/2008/10/links-101808/#comment-22196 'This is what happens when one is measured for a sarcophogus when one is still a growing puppy'. ‘This is what happens when one is measured for a sarcophogus when one is still a growing puppy’.

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