Monthly Archives: July 2010

Just how risky are China’s housing markets?

Complementing today’s piece on the Chinese property bubble, a cross-post from VoxEU, with some graphical depictions of how wild the bubble has become. The NYT article referenced in the piece is here – RS. By Yongheng Deng, Professor of Real Estate and Finance at the National University of Singapore, Joseph Gyourko, Professor of Real Estate, […]

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Tom Adams in the media

Augmenting Ed’s recent links re Tom Adams, regular readers will remember Yves got a magazine cover and write-up in Calcalist. Now Tom Adams, another contributor to “Naked Capitalism”, (and ECONned helper, Magnetar sleuth, etc etc), has got a writeup by Calcalist. The main article is here, and it’s all in Hebrew, which Google Translate struggles […]

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Summer Rerun: Dani Rodrik Looks at the Free Trade Math and Finds Some of It Wanting

This post first appeared on May 8, 2007 The debate among Serious Economists about the benefits of free trade continues, and Dani Rodrik continues to take a dispassionate look at the data and the models. This post, although a bit geeky, is intriguing because Rodrik dissects an analysis cited by Bernanke in a recent speech, […]

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Links 7/27/10

Dear Naked Capitalism people! Here they are: the links. Today, I have more links than I can possibly put in the links post. I’ve chopped some good stuff. If you want to see them all, either go to the News Feed at CW or subscribe to it here. Ed PS – My home has been […]

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Iraq, intelligence and media manipulation – lessons from the UK

It occurred to me that this story might not get all that much mainstream air time in the US, for reasons that will become obvious. We’ve been having an inquiry into the background to the Iraq war over here. There was another enquiry back in the Blair era, Hutton, summarised by wikipedia: On 18 July […]

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Something has to give

Cross-posted from The price of everything By Tim Price, Director of Investment at PFP Wealth Management, a London-based fund manager “More than half of all workers have experienced a spell of unemployment, taken a cut in pay or hours or been forced to go part-time. The typical unemployed worker has been jobless for nearly six […]

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Summer Rerun: America: Banana Republic Watch

This post first appeared on May 6, 2007 I’m certain you’re familiar with the expression “death wish.” I am beginning to wonder whether America has a banana republic wish. The country has been taking steps towards being a small-minded, elite-dominated, sham democracy. Mind you, I am pointing to a tendency, not an established fact. The […]

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Which is the Bigger Threat: Terrorism or Wall Street Bonuses?

Cross-posted from New Deal 2.0 By Wallace C. Turbeville, the former CEO of VMAC LLC, and a former Vice President of Goldman, Sachs & Co. The current system of trader compensation will continue to decay the heart of Wall Street. Which is a greater threat to the nation — terrorism or the relentless decline of […]

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Eurostress hangover

Well, the Saturday hot spot forecast is panning out, patchily. The market is doing its own stress test calculations and coming up with radically different answers: JP Morgan thinks 54 banks fail their version of the tests. Barcap is picking at the funding mechanism that would be needed if there was ‘real’ stress, beyond that  […]

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Links 7/26/10

Dear Naked Capitalism readers, the links are a tad thin today because I was away until yesterday and my house was blacked out when I got back so I’m still getting back up to speed. Feel free to send more links. Cheers, Ed Wikileaks The Afghanistan Protocol: Explosive Leaks Provide Image of War from Those […]

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Fitch says its head will essplode

GM, with $75 bn in cash in reserves, bought AmeriCredit, a small subprime lender,  in an all cash deal for $3.5 bn. GM is also currently in bankruptcy. AmeriCredit, which is rated BB by Fitch, was put on watch by Fitch, after the deal announcement. Fitch is unsure whether the deal will help or hurt […]

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Austerity and Empire

Economists really do seem to struggle with history – and sometimes geography, too. Brad DeLong needs to remember that the Financial Times is published in London. As far as most combatants were concerned, the second world war broke out in September 1939. Niall Ferguson, FT, 20th July 2010. Goodish point. On the other hand, Ferguson […]

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Summer Rerun: The Fed: The Need for a Paradigm Shift

This post first appeared on May 1, 2007 Due to Paul Volcker’s having broken the back of inflation in the early 1980s, and Alan Greenspan performing what appears to be adequately on the substance of his job and masterfully at the showmanship, the Fed’s reputation is at an all time high. And that in and […]

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