- Links 7/1/08
by Yves Smith 11:34 pm
Monthly Archives: June 2008
June 30, 2008
- Lehman Down 11%, Closes Below $20 As Rumors Intensify
by Yves Smith 6:08 pm
- BIS Warns of Deepening Contraction (Not for the Fainthearted)
by Yves Smith 2:23 am
- Bush Administration Role in Iraq Oil Deals Confirmed
by Yves Smith 1:32 am
June 29, 2008
- Links 6/30/08
by Yves Smith 11:44 pm
- UK: Consumer Fears Worst in 26 Years
by Yves Smith 11:13 pm
- Larry Summers Sounds Alarm, Urges Aggressive Federal Intervention to Rescue Economy
by Yves Smith 11:01 pm
- Thomas Friedman: Economy to be Number One Election Issue
by Yves Smith 1:34 am
- "Back to the Great Depression?"
by Yves Smith 12:59 am
- Links 6/29/08
by Yves Smith 12:24 am
- The Death of Securitized Mortgages
by Yves Smith 12:00 am
June 28, 2008
- Grim Update on Real Estate Market
by Yves Smith 4:36 pm
- Nouriel Roubini Warns of Another Broker-Dealer Run
by Yves Smith 3:00 am
- Links 6/28/08
by Yves Smith 2:39 am
June 27, 2008
- Credit Market Warnings Escalate: Barclays, Fleckenstein Sound Alarms
by Yves Smith 2:45 pm
- One Method to Flush Out Oil Speculators: "Liquidation Only" Restriction
by Yves Smith 1:45 pm
- Fitch Says MBIA Position "Tenuous"
by Yves Smith 1:13 pm
- Housing Needs to Fall 30% From Peak to Maintain Affordability
by Yves Smith 8:53 am
- The End of Exceptionalism? IMF to Examine US Financial System
by Yves Smith 2:09 am
- Commodities Spike, Scarce Credit Hitting LBO Companies Hard
by Yves Smith 1:20 am
- The Economist on Hot Money and the Dramatic Growth in China’s FX Reserves
by Yves Smith 12:19 am
June 26, 2008
- Links 6/27/08
by Yves Smith 11:47 pm
- High Fuel Prices Lead Proctor & Gamble to Shift to Local Manufacturers
by Yves Smith 11:07 pm
- Will Ratchet Rights Produce Zombie Banks?
by Yves Smith 9:52 pm
- Fed Considering Relaxing Rules on Private Equity Investment in Banks
by Yves Smith 4:55 pm
- Investment Banks Sold Auction Rate Securities While Warning Issuers
by Yves Smith 7:39 am
- Credit Market Worries Rising?
by Yves Smith 2:40 am
- Did FOMC Transparency Lead to Overly Low Interest Rates?
by Yves Smith 1:26 am
- Links 6/26/08
by Yves Smith 12:55 am
- In Reversal, Older Employees Keep Working in Downturns
by Yves Smith 12:35 am
June 25, 2008
- You Can Now Track California Burning
by Yves Smith 9:51 pm
- UK: Number of Payday Loans Up 130% in Ten Months
by Yves Smith 9:07 pm
- Our Article on Oil Supplies is Up at Slate
by Yves Smith 4:08 pm
- California Sues Countrywide Too
by Yves Smith 11:55 am
- American Express: More Customers Paying Late
by Yves Smith 11:45 am
- Thomas Palley: "Beating the Oil Barons" (And the Misunderstood Role of Inventories)
by Yves Smith 3:02 am
- "Central banks’ function to maintain financial stability: An uncompleted task"
by Yves Smith 1:37 am
- Democratic Congressmen Call on Bush to Halt, Reverse Iraq Oil Deals
by Yves Smith 1:13 am
June 24, 2008
- Links 6/25/08
by Yves Smith 11:50 pm
- Illinois Sues Countrywide
by Yves Smith 11:01 pm
- MasterCard: US Retail Gas Consumption Fell 2.7%
by Yves Smith 2:23 pm
- Are You Sure the Saudis Can’t Pump More Oil?
by Yves Smith 10:31 am
- SEC Takes Chapter From Pontius Pilate on Rating Agency Regulation
by Yves Smith 4:28 am
- Mirable Dictu! The Wall Street Journal Discovers Global Imbalances!
by Yves Smith 2:50 am
- Economists Versus Traders on 2008 Fed Rate Increases
by Yves Smith 12:45 am
- Links 6/24/08
by Yves Smith 12:04 am
June 23, 2008
- Stephen Cecchetti Touts Financial Innovation
by Yves Smith 4:13 pm
- More on "How Did Lehman Delever?"
by Yves Smith 2:00 am
- Banks Finding Access to Fresh Capital Drying Up
by Yves Smith 1:52 am
- Links 6/23/08
by Yves Smith 1:03 am
- Bond Insurers Seeking to Exit $125 Billion of Credit Default Swaps
by Yves Smith 12:47 am
June 22, 2008
- Another Food Supply Worry: Peak Phosphorus?
by Yves Smith 11:28 pm
- Citigroup, Goldman to Fire Up to 10% of Global Investment Banking Staff
by Yves Smith 11:02 pm
- Did the Iraq War Cause High Oil Prices?
by Yves Smith 1:42 am
- Russia’s President Deems Environmental Problems a Security Threat
by Yves Smith 12:52 am
- Links 6/22/08
by Yves Smith 12:02 am
June 21, 2008
- Uwe Reinhardt: "Bankers and Patriots"
by Yves Smith 4:20 am
- Monoline Downgrade Fallout: Muni Prices, MBIA Collateral
by Yves Smith 4:15 am
- IMF: US Economy Stagnant, Recommends Hold on Rates
by Yves Smith 2:23 am
- Links 6/21/08
by Yves Smith 1:12 am
June 20, 2008
- "Exploding Commodity Prices Signal Future Inflation"
by Yves Smith 2:53 am
- Link 6/20/08
by Yves Smith 2:44 am
- Fools and Their Money (Bear Stearns Hedge Funds Edition)
by Yves Smith 1:10 am
June 19, 2008
- On the MBIA, Ambac Downgrades; Regulatory Comments on MBIA
by Yves Smith 11:05 pm
- More on the MBIA/NYT Slugfest
by Yves Smith 7:19 pm
- Citigroup Sees Substantial 2Q Writedowns, Rising Credit Costs
by Yves Smith 11:16 am
- China to Increase Fuel Prices; Oil Falls
by Yves Smith 9:57 am
- MBIA Lies in Attack on New York Times
by Yves Smith 4:10 am
- Links 6/19/08
by Yves Smith 2:00 am
- Paulson Pushing Harder for Fed As Financial Stability Regulator
by Yves Smith 12:01 am
June 18, 2008
- Bloomberg: Lehman Sold $5 Billion of Assets to Investee Hedge Fund
by Yves Smith 11:01 pm
- Ambac Tells Nasty Fitch to Go Away As Shorts Vindicated
by Yves Smith 5:21 pm
- Paulson & Co. Founder Says Credit Losses May Exceed $1.3 Trillion
by Yves Smith 12:54 pm
- Has the Fed Compromised Its Independence? (And Otherwise Messed Up?)
by Yves Smith 3:47 am
- How Dangerous Are OTC Markets?
by Yves Smith 2:43 am
- Links 6/18/08
by Yves Smith 1:05 am
June 17, 2008
- MBIA Refuses to Downstream Cash, Uses CDS Fears to Defy Regulators
by Yves Smith 11:44 pm
- RBS Publishes Global Stock and Bond Crash Alert
by Yves Smith 10:50 pm
- Mohamed El-Erian’s Odd Piece on Global Imbalances
by Yves Smith 7:04 am
- So How Did Lehman Delever? A Not-Very-Pretty Possibility
by Yves Smith 3:43 am
- Links 6/17/08
by Yves Smith 12:37 am
June 16, 2008
- Fed Rate Increase Looking Less Likely
by Yves Smith 11:04 pm
- AIG’s Connolly: "Crisis of Capitalism is Upon Us"
by Yves Smith 3:54 am
- Managers of Failed Bear Hedge Funds May Face Criminal Indictments (And Why Not Bear?)
by Yves Smith 1:26 am
- Links 6/16/08
by Yves Smith 12:31 am
June 15, 2008
- Wall Street Losses Reach Half of Post 2004 Profits (And the Fat Lady Has Yet to Sing)
by Yves Smith 11:07 pm
- Inflation Expectations in Japan at 7%, Spurs Consumption
by Yves Smith 8:10 pm
- AIG’s CEO Sullivan Resigns; Willmustad Named CEO
by Yves Smith 4:04 pm
- ECB: "Litterbin of the Last Resort"
by Yves Smith 1:05 am
- Guest Post: Does Connectivity in the Financial System Produce Instability?
by Yves Smith 12:35 am
- Martin Mayer on Past and Current Misdeeds in Finance
by Yves Smith 12:26 am
June 14, 2008
- Links 6/15/08
by Yves Smith 11:01 pm
- Central Banks Use Flawed Macroeconomic Models
by Yves Smith 1:28 am
- Baum: Fed’s Hawkishness Overrated
by Yves Smith 1:01 am
- Links 6/14/08
by Yves Smith 12:10 am
June 13, 2008
- Goldman Sells Dutch Buyout Loan at 27.5% Discount
by Yves Smith 12:20 pm
- Tett: Will Banks Remain on Japan Style Life Support Indefinitely?
by Yves Smith 5:23 am
- Quelle Surprise! Imports Lowering Inflation and Complicating Fed’s Job
by Yves Smith 4:24 am
- Links and Quick Takes 6/13/08
by Yves Smith 3:45 am
- Oil Runup Exceeds Dot-Com Bubble
by Yves Smith 1:27 am
- Lehman Stock Buybacks Equalled Profits
by Yves Smith 12:59 am
June 12, 2008
- Refineries Paying Record Premiums for Top Grade Crude
by Yves Smith 4:43 pm
- Lehman CFO Callan, President Gregory Replaced
by Yves Smith 10:23 am
- So Much For Free Markets: Federally Sponsored Mortgages at 90% Share
by Yves Smith 2:51 am
- Links 6/12/08
by Yves Smith 1:37 am
- Vikram Pandit: $800 Million Dollar Man
by Yves Smith 12:29 am
- Lieberman Proposes Barring Institutional Investors From Commodities
by Yves Smith 12:13 am
June 11, 2008
- Morgan Stanley, Dresdner, May Own £4 Billion Bank Underwriting Gone Sour
by Yves Smith 11:01 pm
- Lehman Tanks, Stock Down Nearly 14%
by Yves Smith 3:07 pm
- Traders Versus Roubini on Inflation, Dollar
by Yves Smith 1:03 am
June 10, 2008
- Rodrik: Are Anti-Globalizers Irrational?
by Yves Smith 11:34 pm
- Links and Quick Takes 6/11/08
by Yves Smith 11:11 pm
- UK: Petrol Sales Fall 20%
by Yves Smith 8:55 pm
- Japan: Fundamentals Warrant Oil Only at $60 a Barrel
by Yves Smith 3:29 pm
- Moody’s Forecasts Global Junk Bond Default to Increase 5x By Year End 2008
by Yves Smith 2:51 pm
- Chinese Stock Markets Tank, Other Foreign Indices Fall
by Yves Smith 5:05 am
- Like It or Not, the Credit Default Swaps Market is Too Big to Fail
by Yves Smith 3:01 am
- Links 6/10/08
by Yves Smith 12:35 am
- FHA Repudiates Housing Rescue Bill
by Yves Smith 12:13 am
June 9, 2008
- Oil Falls $2 As Saudis Report That Current Prices "Not Warranted"
by Yves Smith 1:23 pm
- Lehman Raises $6 Billion, Discusses Financials
by Yves Smith 12:47 pm
- Has the Fed Painted Itself in a Corner?
by Yves Smith 5:33 am
- UK: Property Futures Say Housing Prices to Fall 50% in Real Terms
by Yves Smith 12:30 am
June 8, 2008
- Links and Quick Takes 6/9/08
by Yves Smith 11:06 pm
- CNBC Publicizes This Blog
by Yves Smith 11:29 am
- Nouriel Roubini on Deteriorating Fundamentals and Friday’s Stock Plunge
by Yves Smith 4:26 am
- China, India Announce Intent to Cut Fuel Subsidies
by Yves Smith 12:56 am
- Links 6/8/08
by Yves Smith 12:32 am
June 7, 2008
- Thomas Palley: "Defending the Bernanke Fed" (We Beg to Differ)
by Yves Smith 2:56 am
- International Energy Agency Calls for Much Higher Carbon Prices
by Yves Smith 1:04 am
- Links 6/7/08
by Yves Smith 12:43 am
- Oil Prices, Dollar Versus Other Currencies
by Yves Smith 12:06 am
June 6, 2008
- California Water Rules Curtailing New Development
by Yves Smith 11:02 pm
- Should the Fed Be Independent?
by Yves Smith 3:35 am
- Is Securitization Coming Back?
by Yves Smith 1:06 am
- Lehman in Talks to Secure Up to $5 Billion
by Yves Smith 12:09 am
June 5, 2008
- Links 6/6/08
by Yves Smith 11:42 pm
- Early Estimates of Losses From MBIA, Ambac Downgrade
by Yves Smith 8:53 pm
- MBIA, Ambac Lose AAA from S&P
by Yves Smith 2:03 pm
- Regulatory Reform Idea: Raise the Minders’ Compensation
by Yves Smith 5:25 am
- Dirty Tricks at Lehman? (And a Defense of Shorts)
by Yves Smith 4:20 am
- India Cuts Gasoline Subsidies
by Yves Smith 12:45 am
June 4, 2008
- Links 6/5/08
by Yves Smith 11:51 pm
- Big Investors Running to Agriculture Plays
by Yves Smith 11:12 pm
- CFTC Head Says Weight of Money May Be Distorting Commodities Prices
by Yves Smith 4:32 pm
- Monoline Death Watch: Moody’s Puts MBIA, Ambac on Review for Downgrade
by Yves Smith 3:37 pm
- Rising Three-Month Spreads Suggest Worries About Banks Increasing
by Yves Smith 3:41 am
- Morgan Stanley on Role of Subsidies in Oil Prices
by Yves Smith 3:02 am
- More Grim Words on the State of the UK Housing Market
by Yves Smith 2:01 am
- Links 6/4/08
by Yves Smith 1:21 am
June 3, 2008
- Lehman on the Ropes, Nevertheless Buys Shares Back
by Yves Smith 11:05 pm
- Airlines to Charge Fatties More?
by Yves Smith 11:13 am
- Quick Summary of Soros Testimony on Oil
by Yves Smith 10:03 am
- Lehman on the Ropes Again, Looking to Raise Equity
by Yves Smith 4:09 am
- Scary Bad Hot Money Influx Into China
by Yves Smith 3:22 am
- The Rich Under Attack II: "The Gods of Greed"
by Yves Smith 2:30 am
- The Rich Under Attack I: "Food Democracy"
by Yves Smith 1:07 am
June 2, 2008
- Links 6/3/08
by Yves Smith 11:14 pm
- Fed On Hold Till the Fall (Despite Calls to Raise Rates)?
by Yves Smith 2:39 am
- Negative Real Interest Rates ‘Round the World Bode Ill for Inflation
by Yves Smith 1:12 am
- Links 6/2/08
by Yves Smith 12:12 am
June 1, 2008
- Now It’s Official: Consumers Are Hurting
by Yves Smith 11:01 pm
- No Free Lunch: Fed Buying Less at Treasury Auctions Thanks to New Facilities
by Yves Smith 11:00 pm
- Taleb’s Harsh Assessment of Bankers, Economists, and the Fed
by Yves Smith 1:06 am
- UBS CDS Lawsuit: Harbinger of Things to Come?
by Yves Smith 12:08 am
