Monthly Archives: December 2008

December 31, 2008

• Links New Year’s Eve
  by Yves Smith 1:22 am

• Groundwork for Trade Conflict Being Laid?
  by Yves Smith 12:52 am

• So Paulson Say US Lacked Tools to Battle Financial Crisis?
  by Yves Smith 12:01 am

December 30, 2008

• GMAC: A Mini-AIG in the Making?
  by Yves Smith 2:39 pm

• Links 12/30/08
  by Yves Smith 2:05 am

• Banking Industry Sinking Faster Than Government Can Bail?
  by Yves Smith 1:21 am

December 29, 2008

• "World Economy in 2009: Three priorities for recovery"
  by Yves Smith 1:41 am

• Links 12/29/08
  by Yves Smith 1:41 am

• $75 Billion Needlessly Lost in Hasty Lehman Bankruptcy Filing?
  by Yves Smith 1:07 am

December 28, 2008

• Emerging Economies Risk Being Crowded Out As First World Steps Up Borrowing
  by Yves Smith 11:01 pm

• Links 12/28/08
  by Yves Smith 1:40 am

• Meth an Accepted Aid in Loan Processing at WaMu
  by Yves Smith 12:33 am

December 27, 2008

• Links 12/27/08
  by Yves Smith 1:42 am

• Another Sign of the Dollar’s Diminished Standing?
  by Yves Smith 12:32 am

• The Secret to Investment Longevity?
  by Yves Smith 12:21 am

December 26, 2008

• Santa Left Retailers Lumps of Coal in Their Stockings
  by Yves Smith 2:31 am

• Links 12/26/08
  by Yves Smith 2:06 am

• Disingenuous New York Times Story on Global Imbalances
  by Yves Smith 2:00 am

December 25, 2008

• Links Christmas Day 2008
  by Yves Smith 1:11 am

• Open Thread: Favorite Story of 2008
  by Yves Smith 1:04 am

December 24, 2008

• Bad Omens for Last Minute Christmas Shopping
  by Yves Smith 5:46 pm

• Links Christmas Eve 2008
  by Yves Smith 1:52 am

• Have You Bought Into the Pay Double Standard?
  by Yves Smith 1:35 am

• Japanese Rating Agency Chief Recommends Marshall Plan for US
  by Yves Smith 12:14 am

December 23, 2008

• Guest Post: "How Can No One See An Imminent Fall in Chinese GDP and a Secular Slowdown Thereafter?"
  by Yves Smith 8:42 am

• Links 12/23/08
  by Yves Smith 2:30 am

• Will Excess Liquefied Natural Gas Reach the United States?
  by Yves Smith 1:49 am

• Sudden Upsurge in Demand for Mortgages May Not Be Met With Supply
  by Yves Smith 12:33 am

December 22, 2008

• Redefault Rate on Mortgage Mods 55% Within Six Months
  by Yves Smith 12:22 pm

• Links 12/22/08
  by Yves Smith 1:45 am

• Guest Post: "If You Can’t Tell Who The Sucker Is…."
  by Yves Smith 1:23 am

• Wage Deflation Underway
  by Yves Smith 12:34 am

• Has Beggar Thy Neighbor Started?
  by Yves Smith 12:04 am

December 21, 2008

• Links 12/21/08
  by Yves Smith 3:27 am

• Analysts Expect Reports on Spending, Home Sales to Show Decine in November
  by Yves Smith 1:51 am

December 20, 2008

• "There is no playbook"
  by Yves Smith 11:16 pm

• So Now We Are Trying to Emulate Japan’s Lost Decade?
  by Yves Smith 2:46 am

• Your Humble Blogger Dodged the Madoff Bullet!
  by Yves Smith 1:33 am

• The Fed Has Become a Prime Broker, Will Lend to Hedge Funds Under Consumer Loan Program
  by Yves Smith 1:02 am

December 19, 2008

• Links 12/20/08
  by Yves Smith 10:31 pm

• Links 12/19/08 (And Happy Birthday to This Blog!)
  by Yves Smith 4:27 am

• Mirabile Dictu! Fox News is Suing Treasury Department for Stonewalling Freedom of Information Act Requests
  by Yves Smith 3:42 am

• "Urgent Response Required"
  by Yves Smith 3:18 am

• Bloomberg and New York Times Differ on Status of Auto Industry Resuce (Updated)
  by Yves Smith 12:07 am

December 18, 2008

• Links 12/18/08
  by Yves Smith 5:57 am

• New York Times Pulls Punches On Wall Street Bubble Era Pay
  by Yves Smith 5:05 am

• Trade Watch: Further Confirmation of Slowdown in Container Shipments
  by Yves Smith 3:09 am

• Not a Good Sign: Cerberus Reopens Talks to Merge Chrysler With GM
  by Yves Smith 1:04 am

December 17, 2008

• OPEC to Cut Daily Crude Production by 2.5 Million Barrels, But WSJ Reports as 4.2 Million
  by Yves Smith 11:05 am

• Links 12/17/08
  by Yves Smith 6:06 am

• Super Low Treasury Rates Reducing Repos and With Them, Liquidity
  by Yves Smith 5:40 am

• Trepidation About Quantitative Easing, Version 2.0
  by Yves Smith 5:02 am

• More Signs of Consumer Stress: 20% of Households Late Last Winter on Utilities
  by Yves Smith 12:55 am

• SIPC Expects a Hard Time With Madoff Claims
  by Yves Smith 12:13 am

December 16, 2008

• Is the Financial Times Losing Its Edge?
  by Yves Smith 10:46 am

• More Signs of Trade Slowdown: Container Traffic Down in Singapore
  by Yves Smith 10:32 am

• Links 12/16/08
  by Yves Smith 2:49 am

• China’s Central Bank May Cut Rates Again in December
  by Yves Smith 2:27 am

• European Automakers Dispute Assumptions of "Let GM/Chrysler Go Bankrupt" Case
  by Yves Smith 12:32 am

December 15, 2008

• Links 12/15/08
  by Yves Smith 4:53 am

• Chinese Electrical Output Fell 9.6% in November (Plus Possible False Positive on Shipping Front)
  by Yves Smith 2:51 am

• States Running Out of Unemployment Funds
  by Yves Smith 1:56 am

December 14, 2008

• Is a GM Bankruptcy Inevitable?
  by Yves Smith 11:35 pm

• Banks Supposedly Will Cut Consumer Credit Card Lines by $931 Billion if Reforms Mandated
  by Yves Smith 8:54 pm

• Links 12/14/08
  by Yves Smith 3:14 am

• SEC Skipped Normal Inspection of Madoff Hedge Fund
  by Yves Smith 2:31 am

• Investors May Be Too Optimistic About Consumer Recovery
  by Yves Smith 1:06 am

December 13, 2008

• Yet More Retention Bonuses at AIG
  by Yves Smith 8:55 pm

• Links 12/13/08
  by Yves Smith 3:33 am

• "Deflation has become inevitable"
  by Yves Smith 2:44 am

• Scarcity of Debtor-in-Possession Financing Forcing Earlier Bankruptcy Filings
  by Yves Smith 1:16 am

• Dick Fuld Already Planning His Comeback
  by Yves Smith 12:40 am

December 12, 2008

• Links 12/12/08
  by Yves Smith 1:45 am

• Many Auto Suppliers Already on the Brink
  by Yves Smith 12:04 am

December 11, 2008

• A $50 Billion Fraud? So Where is the Money?
  by Yves Smith 10:58 pm

• Auto Bailout Compromise Fails
  by Yves Smith 10:51 pm

• Auto Bailout Compromise Reportedly Moving Forward (Update: Further Progress))
  by Yves Smith 10:01 pm

• GM Hires Advisors to Prepare for Possible Bankruptcy Filing
  by Yves Smith 7:15 pm

• Auto Rescue Bill Lacks Votes to Pass Senate
  by Yves Smith 2:28 pm

• Oil Expert Verleger: OPEC Needs 7.7 MBD Cut to Restore Supply/Demand Balance
  by Yves Smith 1:15 pm

• Links 12/11/08
  by Yves Smith 4:27 am

• Quelle Surprise! Banks Increase "Mark to Make-Believe" Assets to $610 Billion
  by Yves Smith 1:48 am

• Hedge Fund Redemptions for November: $46 Billion
  by Yves Smith 12:45 am

December 10, 2008

• Don’t Count on Asia to Rescue the US
  by Yves Smith 10:54 pm

• Finally, Some Semi-Official Interest in Trade Finance Woes
  by Yves Smith 2:24 pm

• Tobin’s Q Ratio Says Equity Bottom Much, Much Lower
  by Yves Smith 1:19 pm

• Links 12/10/08
  by Yves Smith 4:05 am

• Fed Ponders Issuing Debt to Finance Its Mushrooming Balance Sheet
  by Yves Smith 1:46 am

• Guest Post from Lune: The Automakers Take Their Turn at the Trough
  by Yves Smith 12:30 am

• AIG Up to Its Old Tricks, Yet Another $10 Billion in Losses
  by Yves Smith 12:02 am

December 9, 2008

• Questioning the Commodities Super Cycle
  by Yves Smith 11:18 pm

• Links 12/9/08
  by Yves Smith 3:29 am

• AIG Fesses Up to Handing Out More Non-Bonus Bonuses
  by Yves Smith 3:05 am

• Dizard: "Put the credit default swaps market out of its misery"
  by Yves Smith 2:47 am

• China’s Exports Fell in November
  by Yves Smith 1:43 am

• Why is "Nationalization" A Dirty Word in America?
  by Yves Smith 12:48 am

December 8, 2008

• Japan Slowdown Exceeds Expectations
  by Yves Smith 11:20 pm

• Links 12/8/08
  by Yves Smith 2:22 am

• Auto Industry Duress to Take Toll, Worsen Unemployment
  by Yves Smith 1:00 am

• Over 50% of Mortgage Mods Fail Within 6 Months
  by Yves Smith 12:12 am

• VC Investors Defaulting on Capital Calls; PE Investors Just Say No
  by Yves Smith 12:01 am

December 7, 2008

• California to Repudiate Treasury on Treatment of Net Operating Losses?
  by Yves Smith 6:45 pm

• Boston Globe Article on Econoblogs
  by Yves Smith 4:37 pm

• Links Pearl Harbor Day ’08
  by Yves Smith 1:45 am

• Obama’s Public Works Plan: Trickle Up Economics?
  by Yves Smith 12:00 am

December 6, 2008

• 12/6/08 Antidote du Jour
  by Yves Smith 12:04 am

December 5, 2008

• 12/5/08 Antidote du Jour
  by Yves Smith 12:07 am

December 4, 2008

• 12/4/08 Antidote du Jour
  by Yves Smith 12:02 am

December 3, 2008

• Reader Notice
  by Yves Smith 6:00 pm

• Links 12/3/08
  by Yves Smith 1:49 am

• Martin Wolf Says Big Stimulus Programs by Big Debtor Countries Will End in Tears
  by Yves Smith 1:34 am

• Paulson May Ask for the Remaining $350 Billion TARP Allotment
  by Yves Smith 12:20 am

December 2, 2008

• Guest Post: Fed Transparency Watch
  by Yves Smith 9:17 pm

• Bill Gross Says Stocks May Not Be So Cheap
  by Yves Smith 2:41 pm

• Real Estate Woes Increase Depth of China’s Slump
  by Yves Smith 1:12 pm

• Links 12/2/08
  by Yves Smith 2:06 am

• So Do CDS Counterparties Post Collateral or Not?
  by Yves Smith 1:46 am

December 1, 2008

• Mirabile Dictu! TARP Oversight Chief Dares Point Out the Obvious on the Paulson Non-Plans
  by Yves Smith 11:37 pm

• Harvard, Other Big Endowments Selling Private Equity Stakes at Big Losses
  by Yves Smith 11:20 pm

• Paul Krugman Says Economy in "Steep Steep Decline"
  by Yves Smith 5:57 pm

• Meredith Whitney Sounds Like Nouriel Roubini
  by Yves Smith 9:26 am

• Links 12/1/08
  by Yves Smith 1:31 am

• New Downbeat Tone on Oil
  by Yves Smith 12:35 am

• The Sort of Wall Street Journal Reporting That Makes Me Crazy
  by Yves Smith 12:01 am