Monthly Archives: April 2008

April 30, 2008

• Links May Day 2008
  by Yves Smith 11:31 pm

• Fed Weighs Increasing Term Auction Facility Yet Again
  by Yves Smith 11:04 am

• Quelle Surprise! Bush Homeowner Rescue Program Falls Short of Low Expectatios
  by Yves Smith 2:37 am

• Martin Wolf on Reforming Agriculture
  by Yves Smith 1:56 am

• Fertilizer Scarcity Threatens Agricultural Productivity
  by Yves Smith 1:18 am

• Foreclosures Hitting Rentals Too
  by Yves Smith 12:43 am

April 29, 2008

• Barclays: Negative Equity Subprime, Alt-A to Soar
  by Yves Smith 11:04 am

• Federal Reserve May Seek Authority to Pay Interest on Reserves
  by Yves Smith 2:39 am

• Former Fed Staffer Savages Bear Rescue
  by Yves Smith 2:07 am

April 28, 2008

• Investors Retreat From Mutual Funds
  by Yves Smith 2:12 am

• Larry Summers Disingenuous Discussion of Free Trade
  by Yves Smith 1:56 am

• Quelle Surprise! Real Estate Lenders Fight Tough Rules
  by Yves Smith 1:09 am

• Planning and Investing in an Uncertain Economy
  by Yves Smith 12:09 am

• Real Estate Porn
  by Yves Smith 12:03 am

April 26, 2008

• Jeremy Grantham: "Immoral Hazard" and the Loss of Standards
  by Yves Smith 11:39 pm

• Willem Buiter: Ditch the Olympics, Permanently
  by Yves Smith 11:17 pm

• Does Measuring Service Productivity Lead Us Astray?
  by Yves Smith 11:04 pm

• Links 4/27/08
  by Yves Smith 11:01 pm

• Schedule and Posting and More on Tech Woes
  by Yves Smith 9:20 pm

• Buffett’s and Soros’ Feet of Clay
  by Yves Smith 3:22 am

• Is Your Salad Bad for the Environment?
  by Yves Smith 3:06 am

• Links 4/26/08
  by Yves Smith 2:32 am

• Update on Tech Woes
  by Yves Smith 1:45 am

April 25, 2008

• Signs of Improvement in the Credit Markets
  by Yves Smith 3:40 pm

• Costly Navy Ship Screw-Up Illustrates How Not to Innovate
  by Yves Smith 2:11 pm

• Links 4/25/08
  by Yves Smith 12:11 am

April 24, 2008

• Ambac Claims "No Liquidity Issues, Ratings Solid"
  by Yves Smith 1:33 pm

• Credit Suisse Takes Bigger Than Expected Writedown
  by Yves Smith 1:59 am

• "This bear growls on"
  by Yves Smith 1:45 am

• First, Let’s Kill All the Servicers
  by Yves Smith 1:15 am

• Derivatives Predict Further Increase in Libor
  by Yves Smith 12:15 am

• Links 4/24/08
  by Yves Smith 12:08 am

April 23, 2008

• Bondholders "Lucky" to Recover 10% in Defaults
  by Yves Smith 3:52 pm

• Fed Continues to Treat Symptoms, Not Disease (TAF/Derivatives Edition)
  by Yves Smith 3:59 am

• US-China Co-Dependent Behavior Worsens
  by Yves Smith 3:19 am

• Debasing the Dollar Will Accelerate America’s Decline
  by Yves Smith 2:37 am

• Links 4/23/08
  by Yves Smith 12:08 am

April 22, 2008

• The Credit Crunch is Dead! Long Live the Credit Crunch!
  by Yves Smith 4:44 am

• Commodity Volatility Creates Problems for Farmers (and May Explain an Inventory Mystery)
  by Yves Smith 2:36 am

• RBS to Sell $24 Billion in New Shares
  by Yves Smith 1:57 am

• Quelle Surprise! National Association of Realtors Says Many Housing Markets Doing Well
  by Yves Smith 1:44 am

April 21, 2008

• Links Earth Day
  by Yves Smith 11:08 pm

• DNA Turns Relatives Into Genetic Informants
  by Yves Smith 9:49 am

• Housing Bubble and Inflation: What About the Carry Trade?
  by Yves Smith 2:15 am

• Henry Kaufman Proposes a New Regulator for Uber Banks
  by Yves Smith 1:30 am

• Singapore Wealth Fund: Global Recession May Be Worst in 30 Years
  by Yves Smith 12:29 am

April 20, 2008

• Links 4/21/08
  by Yves Smith 11:37 pm

• "Eight hundred years of financial folly"
  by Yves Smith 3:05 am

• Women as Regulators?
  by Yves Smith 12:55 am

• Rodrik on Financial Regulation
  by Yves Smith 12:46 am

April 19, 2008

• Links 4/20/08
  by Yves Smith 11:16 pm

• The Economist’s Cheery View of Credit Default Swaps
  by Yves Smith 2:26 am

• Links 4/19/08
  by Yves Smith 1:45 am

• John Authers Poses Four Financial Passover Questions
  by Yves Smith 12:48 am

April 18, 2008

• Mortgage Rates on the Rise
  by Yves Smith 11:49 pm

• Buiter on the Failure of Financial Capitalism
  by Yves Smith 2:22 am

• A Possible Approach to the Mortgage Mess
  by Yves Smith 1:13 am

• Links 4/18/08
  by Yves Smith 12:12 am

April 17, 2008

• "Let Britain’s housing bubble burst"
  by Yves Smith 11:23 pm

• Quelle Surprise! Underemployment is Hurting the Economy
  by Yves Smith 11:11 pm

• Why the Happy Talk About the Credit Crisis?
  by Yves Smith 2:47 am

• Why Companies Aren’t Fighting Climate Change
  by Yves Smith 2:44 am

• The Rise of the Neo-Malthusians
  by Yves Smith 2:15 am

April 16, 2008

• Links 4/17/08
  by Yves Smith 11:54 pm

• Forecast: $2 Trillion in US Originated Credit Losses
  by Yves Smith 11:10 pm

• States Increase Homeowner Rescue Efforts
  by Yves Smith 3:02 pm

• Credit Default Swaps and Bank Leverage
  by Yves Smith 3:05 am

• Stressed Banks Underreporting Libor Rates
  by Yves Smith 2:54 am

• Some Big Grain Exporters Halt Foreign Sales; More on Ethanol Subsidies
  by Yves Smith 1:23 am

• Merrill’s Reckless Mortgage Bond Binge
  by Yves Smith 12:41 am

April 15, 2008

• Links 4/16/08
  by Yves Smith 11:07 pm

• New Study: Seas Will Rise Up to 1.5 Meters by 2100
  by Yves Smith 3:50 pm

• Dizard: Fed Backs Hypocrisy of Bank Recapitalization
  by Yves Smith 1:24 pm

• Quelle Surprise! Corporate Bankruptcies Rising
  by Yves Smith 10:50 am

• Food Crisis Fuelling Global Instability
  by Yves Smith 1:44 am

• "Citi allows loan ‘cherry picking’"
  by Yves Smith 12:41 am

• Best Quote of the Day
  by Yves Smith 12:04 am

April 14, 2008

• Links 4/15/08
  by Yves Smith 11:54 pm

• Bigger Role for Fannie and Freddie Could End US AAA Rating
  by Yves Smith 11:17 pm

• Goldman Forecasts "Awful" Profits
  by Yves Smith 12:54 pm

• Fannie and Freddie Try to Get Tough with Mortgage Walkaways
  by Yves Smith 12:48 pm

• "Pessimism about the eurozone is misplaced"
  by Yves Smith 2:46 am

• Tim Duy: Fed Has Head in the Sand on Inflation and the Dollar
  by Yves Smith 1:42 am

• Henry Kaufman: Fed Failed as Regulator
  by Yves Smith 12:58 am

• Quelle Surprise! Markets Skeptical of G7 Efforts to Talk Up Dollar
  by Yves Smith 12:00 am

April 13, 2008

• Links 4/14/08
  by Yves Smith 11:10 pm

• "1929 once more?"
  by Yves Smith 1:14 am

• Review of Tim Harford’s "Logic of Life"
  by Yves Smith 12:55 am

• Links 4/13/08
  by Yves Smith 12:27 am

April 12, 2008

• Quelle Surprise! Unemployment Stats Don’t Capture Joblessness
  by Yves Smith 1:13 am

April 11, 2008

• The Fallen Standing of the US Middle Class
  by Yves Smith 11:40 pm

• Links 4/12/08
  by Yves Smith 11:31 pm

• More on the Jump in China’s Reserves
  by Yves Smith 11:01 pm

• Maryland Greatly Lengthens Foreclosure Process
  by Yves Smith 6:25 pm

• Goldman Recommends Shorting Wamu
  by Yves Smith 9:24 am

• Investment Bank Demand for Fed Liquidity Falls
  by Yves Smith 3:15 am

• Links 4/11/08
  by Yves Smith 2:14 am

• China’s Foreign Reserve Increases Accelerate Despite Yuan Appreciation
  by Yves Smith 12:52 am

April 10, 2008

• Ban "No One Could Have Foreseen the Crisis"
  by Yves Smith 11:28 pm

• Buyout CLOs Used for Fed Loans
  by Yves Smith 3:38 am

• Stress Returns to Interbank Lending (It Isn’t Over Till the Fat Lady Sings Edition)
  by Yves Smith 2:35 am

• Soros: Things Will Get Worse Before They Improve
  by Yves Smith 1:57 am

• Real Estate Porn
  by Yves Smith 1:45 am

• Links 4/10/08
  by Yves Smith 1:42 am

April 9, 2008

• Goldman Had More Loss-Making Trading Days Than Rivals
  by Yves Smith 10:51 am

• "Radical reform will be flawed by compromise and fudging"
  by Yves Smith 2:31 am

• Thomas Lee: No Big LBOs for at Least a Year
  by Yves Smith 2:03 am

• "How to Police Wall Street"
  by Yves Smith 1:52 am

• "What Could the Fed Do?"
  by Yves Smith 1:26 am

April 8, 2008

• Links 4/9/08
  by Yves Smith 11:30 pm

• Volcker Criticizes Fed Bailout of Bear, Says US in a Dollar Crisis
  by Yves Smith 4:56 pm

• IMF Forecasts $945 Billion in Credit Related Losses
  by Yves Smith 12:04 pm

• Rosner on the Prospects for the Credit Markets (Not for the Fainthearted)
  by Yves Smith 2:50 am

• "Has the Moment Come to Replace the US Dollar?"
  by Yves Smith 2:23 am

• Bear/JPM Congressional Hearings: Post Mortems
  by Yves Smith 2:15 am

• New Source of Bank Woes: Companies Drawing Down Credit Lines
  by Yves Smith 12:44 am

• Links 4/8/08
  by Yves Smith 12:12 am

April 7, 2008

• SIV: RIP
  by Yves Smith 3:17 pm

• On Greenspan’s "Fed is Blameless" Canard
  by Yves Smith 3:08 pm

• NZ man ‘used hedgehog as weapon’
  by Yves Smith 1:06 pm

• IMF Chief Sounds Red Alert
  by Yves Smith 1:39 am

• TPG to Invest $5 Billion in Wamu
  by Yves Smith 12:53 am

• Links 4/7/08
  by Yves Smith 12:40 am

• Hopes of Continued Dollar Rally Fading
  by Yves Smith 12:23 am

• Reader Notice
  by Yves Smith 12:19 am

April 5, 2008

• "Demythologizing Central Bankers and the Great Moderation"
  by Yves Smith 11:32 pm

• Robert Shiller Pushes Fed as Stability Regulator
  by Yves Smith 11:15 pm

• Links 4/6/08
  by Yves Smith 11:01 pm

• Bear/JP Morgan: The Rashomon Defense
  by Yves Smith 1:36 am

• Beware of the Bank Stock Rally
  by Yves Smith 12:01 am

April 4, 2008

• Voting is Rational After All
  by Yves Smith 11:28 pm

• Links 4/5/08
  by Yves Smith 11:06 pm

• Fitch Downgrades MBIA to AA
  by Yves Smith 3:57 pm

• Banks Backlogged by Foreclosures, Let Defaulting Borrowers Stay in Homes
  by Yves Smith 10:05 am

• The Goldilocks Markets, Revisited
  by Yves Smith 2:07 am

• Bear Hearings: A Charade
  by Yves Smith 1:58 am

• The Ethics of Harvard MBAs
  by Yves Smith 12:04 am

April 3, 2008

• 81% of Americans Say Country Headed the Wrong Way
  by Yves Smith 11:10 pm

• Links 4/4/08
  by Yves Smith 11:08 pm

• Some Japanese Banks Reluctant to Lend to Foreign Banks
  by Yves Smith 4:07 pm

• Soros Lambasts Paulson, Call for Intervention
  by Yves Smith 1:37 am

• Orwell Watch: Wal-Mart CEO Wants Business to Influence Health Policy
  by Yves Smith 1:04 am

• Links 4/3/08
  by Yves Smith 12:57 am

• New Wall Street Gimmick: "Ring Fencing" Dead Assets
  by Yves Smith 12:03 am

April 2, 2008

• Quelle Surprise! Home Ownership Restricts Mobility, Particularly If You Can’t Sell
  by Yves Smith 11:05 pm

• Bond Prices Imply Corporate Defaults at 2X Rate Forecast by Agencies
  by Yves Smith 9:33 pm

• Manhattan Apartment Sales Drop Furthest in 18 Years
  by Yves Smith 11:07 am

• On DeLong’s Objections to My Critique of Summers/DeLong Thesis
  by Yves Smith 3:59 am

• "The prudent will have to pay for the profligate"
  by Yves Smith 3:50 am

• IMF Cuts World Growth Forecast
  by Yves Smith 3:29 am

• Links 4/2/08
  by Yves Smith 2:34 am

April 1, 2008

• Congress Plans to Move Fast on Homeowner Relief
  by Yves Smith 11:25 pm

• Desperate Measures to Tackle Credit Crisis Discussed
  by Yves Smith 8:50 pm

• Stock Hedge Funds Hold Record Cash Positions
  by Yves Smith 5:47 pm

• Private Equity: "Nothing More than a Clumsy Trick"
  by Yves Smith 3:11 am

• Were Risk Models and Bank Regulation Destined to Fail?
  by Yves Smith 2:02 am

• UBS 1Q Losses to Equal 1/3 of Equity
  by Yves Smith 1:21 am

• Bear Conspiracy Theories and Carry Trade Unwind
  by Yves Smith 12:50 am