博文
(2007-08-20 21:08:52)
It'stimeforcentralbankstostopbailingoutmarketsByAndyXiePublished:August14200703:00|Lastupdated:August14200703:00Theglobalcreditbubbleisbursting.Thisbubbleisprimarilyleveragefinancingforowningriskyassets.Thepeoplewhowereresponsibleforwhathappenedplayedwithotherpeople'smoney,marketedarcanefinancialproductswithfalsepromisesoffatprofits,butstuffedtheirownpocketswithbigbonuses.Neitherthesemastersoftheu...[阅读全文]
(2007-08-20 20:40:21)
PanicinU.S.moneymarkets!(byMartinWeissandMikeLarson)8/20/20076:00:00PM
MartinandMikeherewithanurgentafternoonupdate.DespitetheFed'sbiggestcashinfusionssince9-11…DespitetheFed'ssurprisediscountratecutonFriday…Anddespiteitsdesperateeffortstopersuadebigbankstoborrowthemoney…PanicIsNowHitting
U.S.MoneyMarkets!Wearewitnessingthemostdramatic—andpotentiallymostconsequential—panicrushtosafety...[阅读全文]
(2007-08-20 20:32:21)
PrimaryDealersthathaveaccesstotheDiscountWindow:
BNPParibasSecuritiesCorp.
BancofAmericaSecuritiesLLC
BarclaysCapitalInc.
Bear,Stearns&Co.,Inc.
CantorFitzgerald&Co.
CitigroupGlobalMarketsInc.
CountrywideSecuritiesCorporation
CreditSuisseSecurities(USA)LLC
DaiwaSecuritiesAmericaInc.
DeutscheBankSecuritiesInc.
DresdnerKleinwortWassersteinSecurities...[阅读全文]
BNPParibasSecuritiesCorp.
BancofAmericaSecuritiesLLC
BarclaysCapitalInc.
Bear,Stearns&Co.,Inc.
CantorFitzgerald&Co.
CitigroupGlobalMarketsInc.
CountrywideSecuritiesCorporation
CreditSuisseSecurities(USA)LLC
DaiwaSecuritiesAmericaInc.
DeutscheBankSecuritiesInc.
DresdnerKleinwortWassersteinSecurities...[阅读全文]
(2007-08-19 21:55:52)
CountrywideBeginsStaffLayoffs
ByJAMESR.HAGERTY
August20,2007;PageA6-WallStreetJournal
CountrywideFinancialCorp.,reducingcostsaspartofitsefforttoweatheracreditcrunch,hasbegunlayingoffemployeesinvolvedinoriginatingloans,accordingtoaninternalemail.
Thelayoffsoccurredinthecompany'sFullSpectrumLendingunit,whichhandlesmanyhomemortgagesinacategoryknownasAlt-A,ormortgagesbetweenprimeandsub...[阅读全文]
ByJAMESR.HAGERTY
August20,2007;PageA6-WallStreetJournal
CountrywideFinancialCorp.,reducingcostsaspartofitsefforttoweatheracreditcrunch,hasbegunlayingoffemployeesinvolvedinoriginatingloans,accordingtoaninternalemail.
Thelayoffsoccurredinthecompany'sFullSpectrumLendingunit,whichhandlesmanyhomemortgagesinacategoryknownasAlt-A,ormortgagesbetweenprimeandsub...[阅读全文]
(2007-08-19 20:59:46)
新浪朱鸿写：柏杨（转贴）
来源:江上一郎于07-08-1917:23:31[档案][博客] [旧帖][转至博客][给我悄悄话]
柏杨是中国文化哺育的，但他却能从这种文化之中背身而去，站在它的对面，严峻地审察它，批判它。他像医生一样，寻找中国文化的病灶，甚至冷酷地给它开刀，其目的当然是希望它变得健康，充满活力和魅力。我以为这是柏杨作为一个作家的最大特点，也是其作品[阅读全文]
(2007-08-19 10:49:29)
Whyarecentralbanksaroundtheworldpouringmassiveamountsoffreshnewcashintotheirmarkets?
Istheglobaleconomysuddenlycontracting?No.
Aretheworld'slargestbankssuddenlygoingbroke?No.
Sowhat'spromptedthesegovernmentstopouroutsomuchmoneysosoon?
Pureandsimple,they'reafraidthemortgagemeltdownintheUnitedStatescouldtriggermassivefailuresintheinternationalfinancialsystem.
Justlookatwhatalmo...[阅读全文]
Istheglobaleconomysuddenlycontracting?No.
Aretheworld'slargestbankssuddenlygoingbroke?No.
Sowhat'spromptedthesegovernmentstopouroutsomuchmoneysosoon?
Pureandsimple,they'reafraidthemortgagemeltdownintheUnitedStatescouldtriggermassivefailuresintheinternationalfinancialsystem.
Justlookatwhatalmo...[阅读全文]
(2007-08-18 23:24:41)
Aug.16(Bloomberg)--Dearinvestor,we'dliketotakethis
opportunitytoupdateyouontherecentperformanceofourhedge
fund,Short-TermCapitalMismanagementLLP.
Asyouknow,marketselectionfortheentirefundisguided
byaproprietaryinvestingtoolweliketocall''adartboard.''
Oncetheassetclassesaredecided,individualsecurity
selectionsaregeneratedbydigitizingouruniquehexagonal
cuboidmodels.
U...[阅读全文]
opportunitytoupdateyouontherecentperformanceofourhedge
fund,Short-TermCapitalMismanagementLLP.
Asyouknow,marketselectionfortheentirefundisguided
byaproprietaryinvestingtoolweliketocall''adartboard.''
Oncetheassetclassesaredecided,individualsecurity
selectionsaregeneratedbydigitizingouruniquehexagonal
cuboidmodels.
U...[阅读全文]
(2007-08-18 09:47:29)
'It'Happened,butNotAgain:AMinskianAnalysisofJapan'sLostDecade
MARC-ANDREPIGEON
BardCollege-TheLevyEconomicsInstitute June2000
JeromeLevyEconomicsInstituteWorkingPaperNo.303
Abstract: ...[阅读全文]
MARC-ANDREPIGEON
BardCollege-TheLevyEconomicsInstitute June2000
JeromeLevyEconomicsInstituteWorkingPaperNo.303
Abstract: ...[阅读全文]
(2007-08-18 09:38:19)
"Atitscore,theMinskyviewwasstraightforward:Whentimesaregood,investorstakeonrisk;thelongertimesstaygood,themorerisktheytakeon,untilthey'vetakenontoomuch.Eventually,theyreachapointwherethecashgeneratedbytheirassetsnolongerissufficienttopayoffthemountainsofdebttheytookontoacquirethem.Lossesonsuchspeculativeassetspromptlenderstocallintheirloans."Thisislikelytoleadtoacollapseofassetvalues,"Mr.Minskywro...[阅读全文]
(2007-08-18 09:11:09)
SoCalhomesalesnow54%belowpeak SouthernCaliforniahomesalescontinuedtoslumpinJuly,falling27%fromyear-agolevels,andarenowrunning54%belowpeaklevelsreachedinJuly2003,DataQuickreportedtoday. SomeindustryexpertshavewarnedthatAugustsalesmaybeevenweaker,giventhewideningcreditsqueezethathasspreadtonon-subprimemortgages.
Theonlyareaofsalesgrowth:for...[阅读全文]
