Chairman BenS.BernankeAttheBundesbankLecture,Berlin,GermanySeptember11,2007GlobalImbalances:RecentDevelopmentsandProspectsInaspeechgiveninMarch2005(Bernanke,2005),Idiscussedanumberofimportantandinterrelateddevelopmentsintheglobaleconomy,includingthesubstantialexpansionofthecurrentaccountdeficitintheUnitedStates,theequallyimpressiveriseinthecurrentaccountsurplusesofmanyemerging-marketeconomies...[
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UncleBenisasmartman.Andanyonewhohasbeendissinghimisjustplainwrong,andmoreoverBenmadeitveryclearwhatisgoingtohappen.
IjustlostahugepieceItriedtopostaboutwhatBenactuallysaid.
Butinshortsummary-Ithinktherearetoomanyposters(andnottomentionfinancialjournalists)talkingthroughtheirpockets,theirvariegatedglasses,andeven,dareIsay,therearevasthegdefundsbettingallovertheplaceonthestrangeideathattheyc...[
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thekeyisinthelongendoftreasuries.
Aseveryoneknows,theboomisannouncedbyfallinglongratesandrisingshortrates.
Converselycreditcontractionisrisinglongrates,andfallingshortrates.Hencetheconnectiontothetreasurycurve.
Itwasduringtheboomthatallthe"creditors"gotinontheborrowshorttolendlonggame.Thisbecamesooverplayeditdrovetheyieldupontheshortend.Itisinthisendofthegamethatthevastmajorityofintere...[
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"Iexpectthatinthenextyearortwo,wewillobserveatleastonequarter,andmorelikelyafullyear,inwhichtheentireprofitoftheU.S.bankingsectorisconsumedbyloanlosses."
"AsofJune30,2007,thenetincomeofallFDICinsuredbankinginstitutionstotaled$36.8billion.Atanannualrate,thatrepresentsabout2%ofallloansoutstanding.Meanwhile,netcharge-offsforbadloanswerealreadyrunningatanannualrateofabout0.50%inJune.That'sinastron...[
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UKBanksface10-dayDebtTimebombmeg-abear
NEW9/10/20077:41:14PM Banksface10-daydebttimebomb
ByIainDey,SundayTelegraph
LastUpdated:12:02amBST10/09/2007
Britain'sbiggestbankscouldbeforcedtocoughupasmuchas£70bnoverthenext10days,asthecreditcrisisthathasseizedtheglobalfinancialsystemsparksafreshwaveofchaos.
•Thecr...[
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zt读书也是需要童子功的。过了那个年纪,再用功,就是另一回事了。LocalAccess打往中国电话卡1.3¢/分种来源:PoorKids?于07-05-1805:49:55[档案][博客] [旧帖][转至博客][给我悄悄话]
谢泳:正常的时代应是读书自由时代
...回想自己的读书生活,最大的感受是最能读书的时候没有书读,有书读了,已经错过了最好的读书时光。我总觉得,一个喜欢读书的人应该在他上大学[
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Therealreasontoworryaboutbankconduits
SundaySeptember9,10:40amETInacrisis,bignumberscanlookfrightening.Andamidthecurrentturmoil,therearefewfiguresbiggerthanthetotalassetsthattheworld'sbankshaveparkedinoff-balancesheetvehicles.Thesestructures,knownasconduits,havebecomethefocusoftheliquiditysqueezeroilingthebankingsector.Fitch,aratingsagency,reckonsbank-sponsoredconduitsholdassetsworthabout$1,40...[
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WHATcrisis?vengeur
NEW9/9/20072:56:34PM
ThingsyoushouldtrustasanAmerican
1)thestrengthandomnipotenceoftheU.S.Dollar
2)theunrivaledsuperiorityofAmerican-styleCapitalismandtheAmericanMilitary
3)Theresignationofresourcerichforeigncountriestoremainpoor
4)TheeternaleducationalandintelectualsuperiorityofAmericans
...[
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WhyistheFutureSoAbsurd? Followupto: StrangerthanHistory,AbsurdityHeuristic/AbsurdityBiasWhyisthefuturemoreabsurdthanpeopleseemtoexpect? (Thatis: Why,historically,hasthefuturesooftenturnedouttobemore"absurd"thanpeopleseemtohaveexpected?)Oneobviousreasonishindsightbias. Hindsightdoesnotjustcausepeopletoseverelyunderestimatehowmuchtheywouldhavebeensurprised. Hindsightal...[
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1949之后:中共领袖反右众生图
发布者thchen在07-09-0909:56
请您惠顾赞助商
鼓励其长期支持CND
QualityBrand!
CNDAmazon
Cameras,Books...
记者:李肃
在半个世纪以前的那场反右运动中,中国共产党的最高领导人们都是如何表现的呢?
*毛泽东钦定右派*
毛泽东不仅直接发动和指挥了这场运动,而且[
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