Monthly Archives: May 2007

May 31, 2007

• Foreclosure Stats: Pick a Number, Any Number
  by Yves Smith 1:23 am

• On the Disputed Pink Diamond Purchase at Wal-Mart
  by Yves Smith 12:34 am

• G8 + Key Emerging Market National Science Academies Take Tough Stand on Global Warming
  by Yves Smith 12:17 am

• The Anthropology of the Econ
  by Yves Smith 12:01 am

May 30, 2007

• The Cardboard Box Indicator
  by Yves Smith 12:46 am

• Evidence that Employment Stats Are "Wildly" Overstated
  by Yves Smith 12:06 am

• WSJ: Easern European Homeowners Taking Foreign Currency Mortgages
  by Yves Smith 12:03 am

• "How to Talk to a Climate Skeptic"
  by Yves Smith 12:01 am

May 29, 2007

• Half-Baked WSJ Op-Ed on the Fed
  by Yves Smith 2:12 am

• Larry Summers: "Practical Steps to Climate Control"
  by Yves Smith 12:35 am

• Nouriel Roubini Interprets Last Week’s Housing Data
  by Yves Smith 12:26 am

• "How to Handle a Debt Collector"
  by Yves Smith 12:07 am

May 28, 2007

• Hobsbawm on the Future, or More Accurately, Lack Thereof, of Empires
  by Yves Smith 12:49 am

• More Evidence of Food Price Inflation
  by Yves Smith 12:29 am

• More Evidence of Housing Price Declines
  by Yves Smith 12:20 am

May 27, 2007

• Top 25 Censored Stories
  by Yves Smith 1:05 am

• "US Defies Kabul on Destroying Opium Crop"
  by Yves Smith 12:42 am

• It No Longer Pays to Be a Good Borrower
  by Yves Smith 12:11 am

May 26, 2007

• The Breakdown of the Post War Social Contract
  by Yves Smith 1:45 am

• Wal-Mart: Ex-Exec Roehm Fires Back
  by Yves Smith 12:30 am

• Even the National Journal Can’t Abide the Wall Street Journal’s Editorial Page
  by Yves Smith 12:20 am

• Half the Corporate Bonds Now Junk-Rated
  by Yves Smith 12:15 am

May 25, 2007

• Real Wages Falling Despite Productivity Gains
  by Yves Smith 12:45 am

• A Rare Moment of Candor from the National Association of Mortgage Brokers
  by Yves Smith 12:31 am

• "Drug Approvals Gone Wild"
  by Yves Smith 12:31 am

• EU Takes a Tougher Line on Privacy Than the US
  by Yves Smith 12:08 am

May 24, 2007

• Parsing the Subprime Bullshit
  by Yves Smith 1:38 am

• Professor Who Warned of Residential Securities Risk Sounds Alarm About Commerical Real Estate Bonds
  by Yves Smith 1:15 am

• "Snapping Point?"
  by Yves Smith 1:10 am

• Roubini (via Martin Wolf) on Global Imbalances
  by Yves Smith 12:48 am

May 23, 2007

• FT Warns of Profligate Lending and Deteriorating Standards
  by Yves Smith 1:53 am

• Income Inequality’s False Culprits
  by Yves Smith 1:02 am

• On Dealing With Tax Avoidance by Private Equity Managers
  by Yves Smith 12:12 am

• Stiglitz: China Holds the Better Cards if Things Get Ugly
  by Yves Smith 12:09 am

May 22, 2007

• Another Bearish Sign: Increasing Bond Yields
  by Yves Smith 6:50 pm

• End of Dollar Hegemony Coming?
  by Yves Smith 12:29 am

• China Negotiations: Paulson Coming Up Empty-Handed?
  by Yves Smith 12:12 am

May 21, 2007

• More Signs of Frothiness in the Debt Markets
  by Yves Smith 12:58 am

• BIS Warning on Hedge Fund-Investment Bank Relationship
  by Yves Smith 12:12 am

• The Downside of Securitization
  by Yves Smith 12:11 am

May 20, 2007

• Wall Street’s Not So Clever Subprime Acquisitions
  by Yves Smith 12:07 am

• Housing Market in the Dumps
  by Yves Smith 12:01 am

May 19, 2007

• Is Systemic Risk Underestimated?
  by Yves Smith 12:45 am

• Lying With Statistics, Subprime Edition
  by Yves Smith 12:12 am

May 18, 2007

• Bernanke Issues Warning on LBO Lending
  by Yves Smith 12:42 am

• Former Goldman Co-Chief Calls Wall Street Pay Shocking
  by Yves Smith 12:29 am

• In Case You Have Any Doubt That Predatory Lending Exists…..
  by Yves Smith 12:19 am

• Brookings Study Says Lower-Income Americans Are Over Their Heads in Debt
  by Yves Smith 12:15 am

• Interpretation of Bernanke Speech on Subprimes
  by Yves Smith 12:10 am

• More on Fictitious Inflation Stats
  by Yves Smith 12:01 am

May 17, 2007

• Rating Agencies: The Weak Link?
  by Yves Smith 1:27 am

• More Signs That the Housing Market is Deteriorating
  by Yves Smith 1:13 am

• "A Heavy Load: The Combined Housing and Transportation Burdens of Working Families"
  by Yves Smith 1:11 am

• Australian Water Situation Worse Than Previously Thought
  by Yves Smith 12:04 am

• New Scientist Debunks 26 Climate Change Myths
  by Yves Smith 12:01 am

May 16, 2007

• New Pro-Consumer Credit Card Legislation Likely
  by Yves Smith 2:36 pm

• Cognitive Dissonance, Financial Markets Edition
  by Yves Smith 2:21 am

• On the Ghawar Oil Field and Falling Saudi Production
  by Yves Smith 12:58 am

• AFL-CIO Takes Aim at Blackstone IPO
  by Yves Smith 12:36 am

• Yet More Confirmation That America’s Health System Doesn’t Work
  by Yves Smith 12:17 am

May 15, 2007

• Money Supply, Inflation, and the Emperor’s (i.e., Central Banker’s) Nakedness
  by Yves Smith 1:03 am

• Tourist Industry: Global Warming Luddites
  by Yves Smith 12:54 am

• "Socially Responsible Investment–What is the Point?"
  by Yves Smith 12:34 am

• Another Day Older and Deeper in Debt (in America, Anyway)
  by Yves Smith 12:30 am

• Another Overextended Consumer Factoid
  by Yves Smith 12:25 am

• On the Lack of Reliability of Subprime (and Just About Any) Mortgage Delinquency Stats
  by Yves Smith 12:07 am

May 14, 2007

• US Seeking to Water Down G8 Climate Change Targets
  by Yves Smith 12:22 am

May 13, 2007

• Coming Soon: Meaningless Financial Statements
  by Yves Smith 12:38 am

• China: The Trade Surplus That Ate the World
  by Yves Smith 12:29 am

• Carbon Taxes vs. Cap and Trade
  by Yves Smith 12:11 am

• Blair’s Illiberal Legacy
  by Yves Smith 12:03 am

May 12, 2007

• Institutions’ Impact on Income Inequality
  by Yves Smith 12:50 am

• Mortgage Lenders Tightening Up Across the Board
  by Yves Smith 12:22 am

May 11, 2007

• Is Thinking Going Out of Fashion?
  by Yves Smith 12:44 am

• Ritholtz on Retail Sales
  by Yves Smith 12:18 am

• Roubini: 1Q GDP Likely to Be Revised Downward
  by Yves Smith 12:15 am

• "Ratings Agencies Could Be Liable For Losses"
  by Yves Smith 12:02 am

May 10, 2007

• The Fed: Out of Control?
  by Yves Smith 12:57 am

• More Skepticism About April NonFarm Employment Report
  by Yves Smith 12:25 am

• UN Report Urges Caution on Biofuels
  by Yves Smith 12:20 am

• Intelligent Cars as Fuel Efficient as Hybrids
  by Yves Smith 12:05 am

May 9, 2007

• Greg Mankiw Argues for Paying Harvard Workers Badly
  by Yves Smith 12:13 am

• Wal-Mart’s Subsidized Solar Push
  by Yves Smith 12:06 am

• Understanding the Chinese Trade Threat
  by Yves Smith 12:05 am

• Market Crosscurrents
  by Yves Smith 12:02 am

May 8, 2007

• Disturbing Conversation with Fed Official on Subprimes
  by Yves Smith 12:39 am

• Is There a Precedent for Mortgage Investor Liability?
  by Yves Smith 12:23 am

• Dani Rodrik Looks at the Free Trade Math and Finds Some of It Wanting
  by Yves Smith 12:06 am

May 7, 2007

• Trade: China Doesn’t Play by the Rules
  by Yves Smith 12:24 am

• Nouriel Roubini: Asian Hard Dollar Peg Likely to Produce Crisis
  by Yves Smith 12:18 am

• Liquidity and the Stock Market
  by Yves Smith 12:01 am

May 6, 2007

• America: Banana Republic Watch
  by Yves Smith 12:51 am

• Climate Change: From Denial to Lip Service?
  by Yves Smith 12:31 am

May 5, 2007

• The Paradox of Offshoring: IBM to Fire 150,000 US Workers
  by Yves Smith 12:24 am

• Inflation Targeting: The Fed’s Excuse to Ignore Asset Bubbles?
  by Yves Smith 12:08 am

• When Does Theory Say Free Trade is a Good Thing?
  by Yves Smith 12:01 am

May 4, 2007

• Estimating the Gains and Losses from Free Trade
  by Yves Smith 2:25 am

• Abby Joseph Cohen: The Stock Market Shill Returns
  by Yves Smith 12:26 am

• P/E Funds for Banks: Another Sign of a Market Top?
  by Yves Smith 12:08 am

May 3, 2007

• Third IPCC Report: Compromised on Arrival
  by Yves Smith 1:09 am

• "Costly Trade With China"
  by Yves Smith 1:06 am

• "NY Fed warns on hedge fund risk"
  by Yves Smith 1:02 am

• More Doubts About Equity Valuations
  by Yves Smith 12:04 am

May 2, 2007

• Martin Wolf on Risks to This Golden Era
  by Yves Smith 1:42 am

• Signs of Weakening Consumer Spending
  by Yves Smith 1:14 am

• Jeremy Grantham: The Whole World’s a Bubble
  by Yves Smith 12:01 am

May 1, 2007

• The Fed: The Need for a Paradigm Shift
  by Yves Smith 1:47 am

• Krugman: Disconnected? No, But Not on the Mark
  by Yves Smith 12:45 am

• Supreme Court Raises Bar for Patents
  by Yves Smith 12:04 am