Monthly Archives: August 2009

August 31, 2009

• Guest Post: “The Savings Rate Has Recovered…if You Ignore the Bottom 99%”
  by Yves Smith 1:52 am

• Links 8/31/09
  by Yves Smith 1:49 am

• More Bogus Bailout Reporting: “As Big Banks Repay Bailout Money, U.S. Sees a Profit”
  by Yves Smith 1:20 am

• Guest Post: “El-dollardo Economics”
  by Yves Smith 12:09 am

• The Financial Times Joins Fed Flattery Parade: “Fed makes $14bn profit on crisis loans”
  by Yves Smith 12:09 am

August 30, 2009

• Links 8/30/09
  by Yves Smith 1:18 am

• Site in transition to new blogging platform.
  by Ed Wright 1:06 am

• Barney Frank Calls for Audit of Fed, Limits on Emergency Powers
  by Yves Smith 12:57 am

• Site Transitioning To New Blogging Platform
  by Ed Wright 12:13 am

• Lehman UK to Sue Parent for $100 Billion
  by Yves Smith 12:01 am

August 29, 2009

• Links 8/29/09
  by Yves Smith 1:13 am

• Is China Japan Circa 1989?
  by Yves Smith 1:04 am

• Study Asserts World’s Stocks Controlled by "Select Few"
  by Yves Smith 12:11 am

August 28, 2009

• Party Time! Wall Street Back to Its Old Highly Levered Ways
  by Yves Smith 11:58 am

• "The Five Stages of Panic Buying"
  by Yves Smith 11:47 am

• Links 8/28/09
  by Yves Smith 1:34 am

• New York Times Runs Yet Another Fawning Story on Health Insurance Industry
  by Yves Smith 1:07 am

• FSA’s Lord Turner Walks into Buzzsaw by Suggesting Finance Industry Needs to Shrink
  by Yves Smith 12:16 am

August 27, 2009

• Will The Old Consumer "Normal" Come Back?
  by Yves Smith 8:02 pm

• Links 8/27/09
  by Yves Smith 2:39 am

• Mirabile Dictu! Is It Becoming Respectable to Challenge the Finance Brain Drain?
  by Yves Smith 1:33 am

• Quelle Surprise! Fed Uses Scare Tactics to Try to Forestall Loan Disclosures
  by Yves Smith 12:44 am

August 26, 2009

• Guest Post: A Plunge in Foreign Net Capital Inflows Preceded the Break in US Financial Markets
  by Jesse 11:07 am

• Links 8/26/09
  by Yves Smith 3:50 am

• How Banks (and Companies) Diversify Their Way Into Incompetence
  by Yves Smith 3:04 am

• Judge Rakoff is Not Buying What SEC and Bank of America Are Selling
  by Yves Smith 2:17 am

August 25, 2009

• Labor Leader Chosen to Head of New York Fed Board of Directors
  by Yves Smith 9:55 pm

• Stephen Roach: The case against Bernanke
  by Edward Harrison 2:23 pm

• Baltic Dry Index Down 45% From High in June
  by Yves Smith 12:37 pm

• Links 8/25/09
  by Yves Smith 2:13 am

• Volcker Wants to Regulate Money Market Funds Like Banks
  by Yves Smith 1:47 am

• Banks Sitting on Bad Mortgages, And They Aren’t Getting Any Better
  by Yves Smith 12:26 am

August 24, 2009

• Links 8/24/09
  by Yves Smith 12:03 am

August 23, 2009

• Guest Post: Death of the Consumer
  by Yves Smith 11:45 pm

• Roubini On U Shaped Recovery: More Statesmanlike or Less Certain?
  by Yves Smith 11:32 pm

• Goldman Gives Preferred Clients Stock Trading Tips Early, Defends Practice
  by Yves Smith 11:07 pm

• China Leading World in Green Energy
  by Yves Smith 10:21 pm

• Guest Post: Review of Walter Bagehot’s Lombard Street
  by Yves Smith 2:05 am

• Guest Post: When At First You Don’t Succeed, Bring In the Reserves
  by Jesse 1:13 am

• Quelle Surprise! Banking Industry Faring Worse Than Stress Test Assumptions
  by Yves Smith 12:36 am

• Links 8/23/09
  by Yves Smith 12:34 am

August 22, 2009

• Guest Post: The End of a 30-Year Wealth Bubble?
  by Leo Kolivakis 8:39 am

• Links 8/22/09
  by Yves Smith 3:52 am

• A Guilty Pleasure: The Buff Technician
  by Yves Smith 3:08 am

August 21, 2009

• Who is Tyler Durden?
  by Yves Smith 1:31 pm

• Guest Post: A Private Equity Quagmire?
  by Leo Kolivakis 5:46 am

• Links 8/21/09
  by Yves Smith 5:12 am

• Is Finance Inefficient or Too Efficient?
  by Yves Smith 4:42 am

August 20, 2009

• AIG CEO Gives Uncle Sam (and Us) the Finger (Financial Services Industry Arrogance Watch)
  by Yves Smith 8:44 pm

• Guest Post: Why the Austrian, Keynesian, Marxist, Monetarist, and Neo-Liberal Economists Are All Wrong
  by Jesse 12:08 pm

• Guest Post: Pensioners Taking a Back Seat to Bondholders?
  by Leo Kolivakis 6:05 am

• Links 8/20/09
  by Yves Smith 3:41 am

• New York Times Joins Bernanke Fan Club
  by Yves Smith 2:54 am

August 19, 2009

• Guest Post: The Chief Economists
  by Jesse 6:40 pm

• What real comprehensive healthcare reform looks like
  by Edward Harrison 1:41 pm

• Copper Stockpiled by Chinese Pig Farmers May Be Liquidated
  by Yves Smith 12:59 pm

• Guest Post: The Nuclear Option For Pensions?
  by Leo Kolivakis 6:12 am

• Rogoff Shreds "When in Doubt, Bail It Out" Policy
  by Yves Smith 4:02 am

• Consumers Tightening Belts, Raising Worries About Recovery
  by Yves Smith 3:25 am

• Links 8/19/09
  by Yves Smith 3:00 am

• Pimco: Dollar to Fall as Loses Reserve Currency Status
  by Yves Smith 2:36 am

August 18, 2009

• Guest Post: Are Pensions Ignoring The Economic Rebound?
  by Leo Kolivakis 6:14 am

• Obama: knowing when to be an asshole
  by Edward Harrison 5:17 am

• Links 8/18/09
  by Yves Smith 4:58 am

• Guest Post: Obama’s Teflon Melting as Outrage Over Health Care Heats Up
  by Yves Smith 4:45 am

• William Black "This Economic Disaster"
  by Yves Smith 4:01 am

• Credit Card Defaults Stabilizing?
  by Yves Smith 12:22 am

August 17, 2009

• Is This the Start of the Big One?
  by Yves Smith 5:30 am

• Links 8/17/09
  by Yves Smith 12:58 am

August 16, 2009

• "Pay Czar" Refusing to Back Down Over Possible $100 Million Citi Bonus
  by Yves Smith 11:03 pm

• Weak consumer spending will last for years
  by Edward Harrison 8:43 pm

• Guest Post: Can The World Avoid The Deflation Trap?
  by Leo Kolivakis 11:19 am

• Links 8/16/09
  by Yves Smith 3:25 am

• Guest Post: Frank Veneroso on Mortgage Armageddon
  by Yves Smith 3:03 am

• The Economic Risk of Excess Capacity
  by Yves Smith 1:34 am

• Reader Update on ECONNED
  by Yves Smith 12:44 am

August 15, 2009

• Links 8/15/09
  by Yves Smith 2:17 am

• Colonial Bank Fails, Biggest Since WaMu
  by Yves Smith 1:01 am

August 14, 2009

• Guest Post: FARMing Out The Housing Crisis?
  by Leo Kolivakis 7:22 pm

• Guest Post: Debtor’s Revolt?
  by Yves Smith 2:58 pm

• Guest Post: More Than 150 US Banks Are in Serious Trouble
  by Jesse 2:01 pm

• Debunking US Economic Myths
  by Yves Smith 12:53 pm

• Links 8/14/09
  by Yves Smith 1:30 am

• ""Europe Recovers as U.S. Lags"
  by Yves Smith 12:15 am

August 13, 2009

• Guest Post: The Next Wave of the Financial Crisis is Coming (And Why)
  by Jesse 1:41 pm

• Guest Post: CPPIB Posts 7% Quarterly Return
  by Leo Kolivakis 6:16 am

• Banks Turn Up Noses At Lending to Small Businesses Under Stimulus Program
  by Yves Smith 3:43 am

• Citi’s $100 Million Trader Exempt From Reach of Pay Czar?
  by Yves Smith 2:26 am

August 12, 2009

• Links 8/13/09
  by Yves Smith 7:00 pm

• Guest Post: Will Commercial Real Estate Woes Sink Pensions?
  by Leo Kolivakis 6:14 am

• Links 8/12/09
  by Yves Smith 4:18 am

• Rogoff: The Fault Lies Not in Lehman, But in Ourselves…
  by Yves Smith 4:07 am

• Incoming AIG CEO Starts Tenure With Two Week Vacation
  by Yves Smith 3:42 am

August 11, 2009

• Guest Post: JP Morgan Chase Caught Speculating with Customer Money
  by Jesse 5:22 pm

• Guest Post: The Insurance Industry’s Pension Fix?
  by Leo Kolivakis 7:28 am

• Links 8/11/09
  by Yves Smith 2:41 am

• Judge Takes SEC and Bank of America Lawyers to Woodshed Over Merrill Bonus Settlement
  by Yves Smith 2:15 am

• Real Cities in Uneasy Truce With Tent Cities
  by Yves Smith 2:12 am

• Sea Change in Japan? Western Market Fundamentalism Denouncing Opposition PM Candidate Leads Polls
  by Yves Smith 2:00 am

• Search for Honest Stats: So We Can’t Rely on Chinese Electrical Use Either?
  by Yves Smith 1:38 am

August 10, 2009

• Revisiting employment indicators for signs of recovery
  by Edward Harrison 2:14 pm

• Links 8/10/09
  by Yves Smith 5:06 am

• VIX Signaling Equity Downdraft in September
  by Yves Smith 4:50 am

• Banks Expected to Collect $38 Billion in Overdraft Fees in 2009
  by Yves Smith 1:32 am

August 9, 2009

• US Deficit Rose $181 Billion in July
  by Yves Smith 11:33 pm

• Guest Post: Beware of Bulls?
  by Leo Kolivakis 6:04 pm

• Links 8/9/09
  by Yves Smith 4:31 am

• Guest Post: Satyajit Das on Financial Remakes
  by Yves Smith 4:13 am

• Quelle Surprise! Hank Paulson and Goldman CEO Talked to Each Other a Lot!
  by Yves Smith 3:56 am

August 8, 2009

• Guest Post: Supreme Injustice?
  by Leo Kolivakis 5:11 am

• Links 8/8/09
  by Yves Smith 3:25 am

• Could a "Crisis Insurance" Wrinkle Make Banks Managers More Prudent?
  by Yves Smith 3:18 am

• Banana Republic Watch: Credit Default Swaps on Russia Cheaper Than on California
  by Yves Smith 1:08 am

August 7, 2009

• Baltic Dry Index Down 17% for the Week, Worst Fall Since October
  by Yves Smith 1:55 pm

• Guest Post: A Summit On Pensions?
  by Leo Kolivakis 6:58 am

• Comstock Partners on Deleveraging (Not for the Fainthearted)
  by Yves Smith 4:29 am

• "The Health Insurers Have Already Won"
  by Yves Smith 3:22 am

• "Monetizing the Debt: Disinformation in the Blogosphere"
  by Yves Smith 1:43 am

• Links 8/7/09
  by Yves Smith 12:19 am

August 6, 2009

• Guest Post: "Big Money" Betting on Beta?
  by Leo Kolivakis 6:35 am

• Links 8/6/09
  by Yves Smith 3:46 am

• More on Dubious News Versus Cheery Data Out of China
  by Yves Smith 12:23 am

August 5, 2009

• SEC Asks to Self Fund to Allow for Better Enforcement
  by Yves Smith 11:15 pm

• Judge Refuses to Approve SEC Settlement Over Merrill-Bank of America Bonuses
  by Yves Smith 10:38 pm

• Guest Post: Is Sheila Bair an Unsophisticated Hick?
  by Jesse 2:36 pm

• Guest Post: The Royal Rumble?
  by Leo Kolivakis 6:03 am

• Run for the Hills: Fed Plans to Build on Sham Stress Tests as Basis for Regulation
  by Yves Smith 2:50 am

• Guest Post: Congressional Legislation Part II
  by Lune 1:28 am

• Treasury Now Tries "Name and Shame" To Embarrass Banks Into Making More Loan Mods
  by Yves Smith 12:23 am

August 4, 2009

• Links 8/5/09
  by Yves Smith 10:26 pm

• What does a double dip recession look like?
  by Edward Harrison 12:33 pm

• Guest Post: Hurricane Season Gets Underway in the Atlantic
  by Jesse 9:56 am

• Guest Post: Pension Schemes Turning to Bonds?
  by Leo Kolivakis 6:04 am

• Links 8/4/09
  by Yves Smith 5:49 am

• Geithner Bullies Financial Regulators to Accept Fed as Top Dog
  by Yves Smith 5:29 am

• Will Acute Distress in the Baltics Blow Back to Europe?
  by Yves Smith 4:04 am

• Calling All Readers: Any CDO or Structured Credit Relative Value Trade Experts in the House?
  by Yves Smith 3:36 am

• A Sort-Of Milestone: Book Draft Submitted
  by Yves Smith 3:07 am

August 3, 2009

• Links 8/3/09
  by Yves Smith 5:23 am

• Government Taken in Dealings with Wall Street: Accident or Design?
  by Yves Smith 5:15 am

• Guest Post: "Breaking News: The GFC was not caused by Beer Swilling, Cocaine Snorting Traders"
  by Yves Smith 3:24 am

August 2, 2009

• Guest Post: Recent Lehman MD Reviews "A Colossal Failure of Common Sense"
  by Yves Smith 3:41 pm

• Guest Post: The D Generation?
  by Leo Kolivakis 10:41 am

• Links 8/2/09
  by Yves Smith 4:30 am

• US Manufacturing: Guns R Us?
  by Yves Smith 3:27 am

August 1, 2009

• Guest Post: Where is the Public Outrage Over Pensions?
  by Leo Kolivakis 9:43 am

• Links 8/1/09
  by Yves Smith 3:44 am

• Michael Pettis: Falling US Consumption to Lower Chinese Growth to 5-7%
  by Yves Smith 2:51 am

• Challenging Wall Street’s "Innovation" Branding
  by Yves Smith 1:45 am