Thursday,August9,2007"TheCompleteEvaporationofLiquidity"AsIusuallydo,Iwrotethistodayforpostingtomorrow.Eventsarerunningaheadfast,however,andIthinkitismoretimelytopostittoday.
OnMarch15Ipostedwhathasturnedouttobeapropheticentrytitled"Well,WhatDoYouWantItToBe?",whichfollowedthevariousstagesinsecuritizingandderivativizingasimplehomemortgageuptothefourthdegree(CDO,CDS,hybrids,fundedvs.unfunded,etc...[阅读全文]
博文
(2007-08-09 23:30:03)
(2007-08-09 22:51:22)
Thebignewsaboutthehousingmarketisifthepricesfall,theequityisgone.Someoftheseguysthinkthattheeffectsof2004,2005and2006areoutthewindow.No,theeconomyhasbeenridingontheseyears.ProblemgoingforwardisthatoldmotherHubbardisgoingtogotohermortgagelender,herRealtorandtoherbankandfindouthercreditcardsaremaxedoutandherhomeequityaccountisoverdrawn.
Remember,refinancesarestillrunningataprettyhighlevel.Ratesa...[阅读全文]
Remember,refinancesarestillrunningataprettyhighlevel.Ratesa...[阅读全文]
(2007-08-09 22:25:40)
孙中山：民族主义(文章很长,但是值得读)LocalAccess打往中国电话卡1.3￠/分种来源:daremighty于07-08-0921:59:44[档案][博客] [旧帖][转至博客][给我悄悄话]
今天所讲的问题，是怎么样可以恢复我们民族的地位。
我们想研究一个什么方法去恢复我们民族的地位，便不要忘却前几次所讲的话。我们民族现在窨是处于什么地位呢？我们民族和国家在现在世界是什么情形？一[阅读全文]
(2007-08-09 22:05:05)
AndrewMellon'swordsmaystealthilysneakintopeople'smidnightdreams.
"Liquidatelabor,liquidatestocks,liquidatethefarmers,liquidaterealestate.Purgetherottennessoutofthesystem.Highcostsoflivingandhighlivingwillcomedown.Peoplewillworkharder,liveamoremorallife.Valueswillbeadjusted,andenterprisingpeoplewillpickupthewrecksfromlesscompetentpeople."
[阅读全文]
"Liquidatelabor,liquidatestocks,liquidatethefarmers,liquidaterealestate.Purgetherottennessoutofthesystem.Highcostsoflivingandhighlivingwillcomedown.Peoplewillworkharder,liveamoremorallife.Valueswillbeadjusted,andenterprisingpeoplewillpickupthewrecksfromlesscompetentpeople."
[阅读全文]
(2007-08-09 10:40:04)
谁是谁非:两岸中国历史教科书比较
淡江大学中国大陆研究所副教授
杨景尧
一.前言
两岸分治的现实，并无法改变两岸源于相同源流历史的事实。长期以来，由于两岸意识型态的不同，以及在国共内战的不愉快经验，以致于不少学者只关注大陆历史教科书中的「政治意识型态」问题；或者说，都习惯于从政治的角度去解读大陆的历史教科书，也正因此，对于中国现[阅读全文]
(2007-08-09 07:27:21)
Paybacktime
ByBrookeMastersandSaskiaScholtes
Published:August9200703:00|Lastupdated:August9200703:00
AttheheightoftheUSsubprimelendingboom,takingoutamortgagecouldnothavebeeneasier.Lowcreditscoreandhistoryofbankruptcy?Noproblem.Incometoolowtoqualifyforamortgage?Inflatewhatyouearnona"statedincome"loan.Nervousthatyourlendermightcheckuponyour"statedincome"?Visitwww.verifyemployment.net.阅读全文]
ByBrookeMastersandSaskiaScholtes
Published:August9200703:00|Lastupdated:August9200703:00
AttheheightoftheUSsubprimelendingboom,takingoutamortgagecouldnothavebeeneasier.Lowcreditscoreandhistoryofbankruptcy?Noproblem.Incometoolowtoqualifyforamortgage?Inflatewhatyouearnona"statedincome"loan.Nervousthatyourlendermightcheckuponyour"statedincome"?Visitwww.verifyemployment.net.
(2007-08-08 23:06:45)
ExcerptedfromInvestorLetter,byJ.KyleBass-ManagingPartneratHaymanCapital,DallasDtd:7/30/07
”Lastweek,Ispentsometimeinthe“InlandEmpire”ofCaliforniaonadiligencetriptosurveytheactualdamage.Asmanyofyoualreadyknow,55%ofallSubprimeloansweremadeinCaliforniaandFlorida.
LetmestartbysayingitisMUCHWORSEthanevenIthoughtitcouldbe.Imetwithvariousmortgagelenders,originators,economists,andcapitalmarkets...[阅读全文]
”Lastweek,Ispentsometimeinthe“InlandEmpire”ofCaliforniaonadiligencetriptosurveytheactualdamage.Asmanyofyoualreadyknow,55%ofallSubprimeloansweremadeinCaliforniaandFlorida.
LetmestartbysayingitisMUCHWORSEthanevenIthoughtitcouldbe.Imetwithvariousmortgagelenders,originators,economists,andcapitalmarkets...[阅读全文]
(2007-08-08 22:31:34)
"Liberalism"byLudwigvonMises推倒中共的一党专制不容易，推倒之后建立一个新的合理的制度更不容易。那新的合
理的制度不仅仅是民主法制，还包括政府对于经济的干预程度等。
公民的自由和财产是不可分割的。政府对于经济的干预实际上就是对于公民的财产
的干预，税收、通胀、信贷等等都是政府对于公民财产的干预。
有志于中国的民主事业的人士们(我指的是那些[阅读全文]
(2007-08-08 21:48:31)
格丘山：游荡在邓小平和毛泽东两座悬崖峭壁之间的中国(上)
送交者:jian2007年8月06日21:21:22于[天下论坛]http://www.creaders.org邓小平的神话在六四结束上一世纪七十年代未，是中国近代史上一个极其重要的时刻。占据着中国举足轻重位
置的毛泽东的死造成了中国政治的巨大真空。这迫使中国面临着一个重要的抉择，
毛泽东后的中国向那里去？经过几十年无止休的政治斗争[阅读全文]
(2007-08-08 21:45:54)
格丘山：游荡在邓小平和毛泽东两座悬崖峭壁之间的中国(下)
送交者:jian2007年8月08日18:56:13于[天下论坛]http://www.creaders.org走出邓小平和毛泽东的思想崮制
而当权贵们以为中国良心已经在文革中被他们玩弄得声名狼籍，在六四中被他们杀死，
如今在他们的信息封锁和春光迷乐的靡靡之音吹拂之下，应该已为人们忘记的时刻，
中国的土地正在邓小平编制的魔术和幻觉[阅读全文]
