"Eventsofthepastmonthhaveshownthatwhileriskcanbedisintermediatedbybanks,itcannotbeeliminated.Arguably,itmigratestoelementsofthefinancialsystem,suchashedgefunds,insurersandpensionfunds,whicharelessqualifiedtomanageit."
Someofushavebeensayingthisforyears:thatthefinancialengineering(derivativessecuritizingbulkdebt)doesNOT(ashasbeenpropagandizedendlessly)transferrisktothosepartiesBESTqualifiedtoma...[
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我们终于“阿Q”的更加彻底了!
作者:郭晓伟
得知北京高中语文课本大“换血”的消息,最初还有点怀疑,后来经过确认,
才敢相信这是一个真实的消息。
我的第一反应是内心的一阵窃喜:我们终于开始对现行的已经僵化的语文教
学进行改革了!我甚至突然之间看到了曙光!我甚至由此联想到之后的教育体制
改革!然而,在看过标题之后,我的[
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Goldduringrecessions/depressionsPawRugg
NEW9/1/20074:21:45PM Thetwomostrecentbigrecessions/depressionsintheU.S.weretheearly30sdepressionandthe70s"recession"(whichRonaldReagancorrectlycalledadepression).
Whathappenstothepurchasingpowerofgoldduringrecessions/depressions?
Here'stheanswer
Nevermindthatthischartcamefrom(Ithin...[
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Prechter:WhytheFedWillNotStopDeflationBymanystromCreated08/30/2007-11:53Editor'snote:RobertPrechter'sLatestElliottWaveTheorist[1]wasreleasedthreeweeksearly,andisoneofhisbestTheorist'sever.HedoesnotmincewordsandcutsstraighttotheboneonwhattheFedisandisnotwillingtodo.Itisfascinatingreading.Ihavearrangedtomakethisbriefexcerptavailable.ExcerptedfromTheLatestElliottWaveTheorist[2]
August26,2007|Robe...[
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TheFedanditsprivateowners:whatisreallynikko
NEW9/1/20071:29:13AM goingonwiththismortagemeltdown.
Whythe1929crashandFEDCONTRACTEDthemoneysupplyuntil1933,thusperpetuatingandapplifyingtheGreatDepression.TodestroytheNON-FedbanksandothercompetitorstotheRockefeller/MorganEasternEstablishmentempire.TheseBanksandCorporatewhoreswantedtob...[
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PastisNotPrologue,andHopeIsNotaStrategy
Thecapitalmarketsofthelastquartercenturyhavebeenincrediblygeneroustous.Sincemid-1982,theS&P500indexhasadvancedatasolid13.9%annualclip,while10-yearTreasurybondshavepostedannualizedreturnsof9.8%.Withannualinflationaveragingjustover3%,thismeansthatinvestorshaveseentheirrealwealthdoubleeverysevenyearsinstocksandevery11yearsinbonds.But,pastisnotprologue.<...[
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Mediausuallyhaswrongstorymannfm11
NEW8/31/200711:10:05AM Adjustableratemortgagesaren'twhatiscausingthismess.Subprimeisn'twhatiscausingthismess.Thewholesystemskewedtotherightandcreatedafalsedemandthatiscertaintoglutmarkets.Wearenowseeingthesupplysideoftheglut.
HereinDFW,themarketneverwentupbecausetheprimeemployersaroundherefellin...[
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byPeterSchiffTheWritingisontheWallAugust31,2007
Thisweek,LarryKudlowandothersstronglychastisedBernankeforhisfailuretoreadthewritingonthewallandurgedtheFedChairmantoquicklyslashtheFedFundsrate.Methinksthepunditsdothprotesttoomuch.Foryears,Kudlow,whopracticallycoinedtheterm“Goldilockseconomy,”hasdismissedwithscornsuggestionsthattheAmericaneconomywasanythinglessthanraginglyhealthy.Ifoureconomyi...[
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High-YieldBondIssuesPlunged96%inAugust
ByCynthiaKoons
WordCount:760|CompaniesFeaturedinThisArticle:Tribune,HomeDepot
Barelyadropofissuancefellinthejunk-bondmarketinAugust,aconspicuoussilenceaheadofwhat'sexpectedtobeadelugeofsupplyoncethedambreaks,expectedrightafterLaborDay.
Investorshavebeenshyingawayfromriskinthefaceofrisingvolatilityinallmarkets,yetthesituationcan'tproceedlikethi...[
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干扰幸福感的噪音
·冯音捷·
幸福意味着自我满足。——亚里士多德。
人有很多情感需要。人需要感到爱、有价值、被接受、有希望等等。如同温饱等生理需要得到满足后,人就会感到身体舒服一样,情感需要满足后,人的心中就会得到快乐和幸福。
满足人的情感需要有些像人[
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