Monthly Archives: June 2007

June 30, 2007

• AT&T Screws Up Apple iPhone Launch
  by Yves Smith 2:04 pm

• Were Some CDOs Tranches Losers From the Start?
  by Yves Smith 1:42 am

• FT and WSJ on New Regulations on Subprimes
  by Yves Smith 12:49 am

• More Backstory on the Bear Stearns Hedge Funds Meltdown
  by Yves Smith 12:18 am

• Bear Hires Lehman Vice Chair Jeff Lane to Head Asset Management Division
  by Yves Smith 12:08 am

June 29, 2007

• Now It’s Official: Rating Agencies Hiding Risks on Mortgage Bonds
  by Yves Smith 2:50 am

• Schizophrenia in the Financial Times on CDOs, Subprimes, and General Woefulness
  by Yves Smith 2:35 am

• Class Warfare: Some Investors Oppose Rescuing Borrowers
  by Yves Smith 2:08 am

• UK Hedge Fund Caliber to Shut Down
  by Yves Smith 12:58 am

• More CDO Factoids: Who Owns ‘Em, Why They Are Hard to Value
  by Yves Smith 12:23 am

June 28, 2007

• UN: 50 Million Could Be Displaced by "Desertification" in 10 Years
  by Yves Smith 4:22 pm

• Worries on Valuing "Repackaged Debt"
  by Yves Smith 2:07 am

• Wall Street Journal on LBO Lender Pushback
  by Yves Smith 1:48 am

• Martin Wolf on the Workings of the Finance Brain
  by Yves Smith 12:44 am

• Wal-Mart’s Imports Cost US Jobs
  by Yves Smith 12:38 am

• New Yorker Article on Hedge Fund Performance and Replication
  by Yves Smith 12:32 am

June 27, 2007

• Yet More Evidence That the Super Rich Are Getting Richer
  by Yves Smith 9:56 pm

• UBS Charged with "Dishonest and Unethical" Practices Regarding Hedge Fund Clients
  by Yves Smith 2:01 pm

• How Successful Will the SEC Investigations of CDOs and Bear Hedge Funds Be?
  by Yves Smith 2:19 am

• "Carry trade threatens a deflationary global collapse"
  by Yves Smith 1:20 am

• Bear Stearns Updates
  by Yves Smith 12:48 am

• "Perils of Inflation Targeting"
  by Yves Smith 12:30 am

• CDOs: China to the Rescue?
  by Yves Smith 12:06 am

June 26, 2007

• Pimco’s Bill Gross Gives Dire Prognosis for CDOs
  by Yves Smith 3:50 pm

• More on Rating Agencies and Risk in the Mortgage Market
  by Yves Smith 1:42 am

• "BIS warns of Great Depression dangers from credit spree"
  by Yves Smith 1:23 am

• More Bear Woes
  by Yves Smith 1:09 am

• Tell Me Why This Isn’t Tantamount to "Bubble?"
  by Yves Smith 1:06 am

• Protectionism Lower in Countries With Larger Government Sectors
  by Yves Smith 12:33 am

• Conflicting Reports on Status of Bear Stearns Hedge Funds
  by Yves Smith 12:04 am

June 25, 2007

• "What Happens When No One is Left to Hold the Bag?"
  by Yves Smith 5:41 pm

• Merrill Analyst: Bear Likely to Salvage Second Hedge Fund
  by Yves Smith 4:30 pm

• Could Bear Stearns Fail?
  by Yves Smith 5:57 am

• Larry Summers on Income Inequality
  by Yves Smith 3:10 am

• Bear Stearns Investor Presentation: "Limited Subprime Exposure"
  by Yves Smith 3:07 am

• "Capital spending faces big squeeze"
  by Yves Smith 12:41 am

June 24, 2007

• Bear Stearns and the Vagaries of Models
  by Yves Smith 4:43 am

• Market and Government Co-Dependence
  by Yves Smith 2:20 am

June 23, 2007

• Bear Stearns Hedge Fund Fallout Continues
  by Yves Smith 2:52 am

• Debunking the Notion That Unions Hurt Productivity
  by Yves Smith 12:50 am

• Investors Starting to Choke on LBO Debt
  by Yves Smith 12:30 am

• Gloomy Reading From the Economist on Subprime Prospects
  by Yves Smith 12:10 am

• On Valuing CDOs
  by Yves Smith 12:01 am

June 22, 2007

• Latest on the Bear Stearns Subprime Hedge Fund Fallout
  by Yves Smith 1:39 am

• On a Bloomberg Candidacy
  by Yves Smith 12:30 am

• "The Shock of the Old"
  by Yves Smith 12:29 am

• Confused About Inflation?
  by Yves Smith 12:01 am

June 21, 2007

• On the Myth that Subprimes Helped the Poor Buy Housing
  by Yves Smith 1:58 am

• Bear Stearns Hedge Fund Meltdown Rattles Subprime Sector
  by Yves Smith 12:40 am

• Who is the Bagholder in the Subprime Correction?
  by Yves Smith 12:14 am

• Even Brokers Admit Housing Market is Desperate
  by Yves Smith 12:09 am

June 20, 2007

• Top Climate Scientists Issue Dire Warning
  by Yves Smith 1:21 am

• Central Bankers Frustrated at Their Lack of Influence
  by Yves Smith 12:54 am

• OECD Report Acknowledges That Free Trade Hurts Some Workers
  by Yves Smith 12:49 am

• Marc Faber on Liquidity, Leverage, and Bubbles
  by Yves Smith 12:15 am

June 19, 2007

• Martin Wolf on the Brave New World of Finance
  by Yves Smith 1:10 am

• Steve Rattner’s Jeremiad on Lax Lending
  by Yves Smith 12:58 am

• The Financial Times Warns the US Against Getting Tough with the Chinese
  by Yves Smith 12:36 am

• Even CEOs Who Make Bad Deals Come Out Ahead
  by Yves Smith 12:11 am

• Tokyo Retail Investors Out Carry-Trading the Pros
  by Yves Smith 12:09 am

June 18, 2007

• Arctic Spring Arriving Earlier
  by Yves Smith 2:49 pm

• The Bond Market Hath Spoken (But a Lot of People Aren’t Listening)
  by Yves Smith 12:42 am

• "Children of the market"
  by Yves Smith 12:18 am

• "The Asian Crisis After Ten Years"
  by Yves Smith 12:05 am

• "What Hedge Funds Risk"
  by Yves Smith 12:02 am

• 84 Siberian Tigers Born in China
  by Yves Smith 12:01 am

June 17, 2007

• Guess Who Has Few Defaults in Their Subprime Portfolio?
  by Yves Smith 1:19 am

• CDOs: Whistling in the Dark
  by Yves Smith 12:48 am

• Cultural Identity Trumps Reason
  by Yves Smith 12:15 am

June 16, 2007

• Troubled Bear Stearns Hedge Fund May Be Liquidating
  by Yves Smith 2:55 am

• Is (the Perception of) Risk Returning?
  by Yves Smith 2:34 am

• The Guardian on Republican Candidates
  by Yves Smith 12:11 am

June 15, 2007

• Fed Pressured to Curtail Abusive Mortgage Practices
  by Yves Smith 2:24 am

• Be Careful What You Ask For: Yuan Edition
  by Yves Smith 12:59 am

• More on Troubled Bear Stearns Hedge Fund
  by Yves Smith 12:22 am

• More Warnings About Bridge Loans
  by Yves Smith 12:06 am

June 14, 2007

• Bear Stearns Hedge Fund in Distressed Sale of MBS
  by Yves Smith 12:40 am

• Bill Gross on the Divergent Impact of Interest Rates
  by Yves Smith 12:28 am

• "Regulators Quiet as Lenders `Targeted’ Minorities"
  by Yves Smith 12:11 am

• Foreclosures Up Sharply
  by Yves Smith 12:10 am

June 13, 2007

• Martin Wolf on Savings Glut Vs. Money Glut Hypotheses
  by Yves Smith 2:54 am

• Central Bankers Taking More Interest in Money Supply
  by Yves Smith 2:01 am

• Cognitive Dissonance in the Markets?
  by Yves Smith 1:49 am

• Are Rich Women Doing Less Well in the US Than in the UK?
  by Yves Smith 12:30 am

• The Wall Street Journal Get It Wrong on Venezuela
  by Yves Smith 12:07 am

June 12, 2007

• Do Regulators Talk to Each Other? (Prime Broker Edition)
  by Yves Smith 2:17 am

• "Is international labor mobility necessarily good?"
  by Yves Smith 2:09 am

June 11, 2007

• "Income Inequality, Writ Larger"
  by Yves Smith 12:21 am

• Bill Gates, Socialist
  by Yves Smith 12:20 am

• On Orthodox Economics and Why a Broken Paradigm Prevails
  by Yves Smith 12:17 am

• On the Hedgies Complaining About Bear Stearns Modifying MBS
  by Yves Smith 12:12 am

• Bee Update
  by Yves Smith 12:10 am

• Google Gets Failing Grade on Privacy
  by Yves Smith 12:01 am

June 9, 2007

• WSJ: Housing Gloom Increases
  by Yves Smith 1:57 am

• Further Signs That the Bear Market Has Begun
  by Yves Smith 1:03 am

• Greenspan Opposed Greater Oversight of Subprime Lenders
  by Yves Smith 1:01 am

June 8, 2007

• Some LBOs Come a Cropper
  by Yves Smith 1:34 am

• The Beginning of the End?
  by Yves Smith 12:23 am

• "Could the party be drawing to an end for bond investors?"
  by Yves Smith 12:22 am

• Long or Short Capital Calls a Market Top
  by Yves Smith 12:18 am

• Fitch Warns of Negative Impact of Hedge Funds on Credit Markets
  by Yves Smith 12:12 am

• Global Warming = More Cats
  by Yves Smith 12:02 am

June 7, 2007

• WSJ’s Parallel Universe: OPEC Edition
  by Yves Smith 2:05 am

• BBC: EU Carbon Trading Regime Fails to Deliver Promised Results
  by Yves Smith 12:18 am

June 6, 2007

• Indian Outsourcer Beefing Up in Mexico for Cost Reasons
  by Yves Smith 12:25 am

• Edward Charles Ponzi Jr. on Inflation and Asset Inflation
  by Yves Smith 12:03 am

• Rates Are Rising….
  by Yves Smith 12:01 am

June 5, 2007

• Fed Worried About 1998 Rerun
  by Yves Smith 1:58 am

• Wall Street’s Problem: Conflicts or Competition?
  by Yves Smith 12:43 am

• "The Political and Selective Use of Data" (Global Warming Edition)
  by Yves Smith 12:08 am

• OTC Derivative Risk to the Dealer Community
  by Yves Smith 12:04 am

• Dubious Lists
  by Yves Smith 12:03 am

June 4, 2007

• Minimum Wage Increase Being Gutted
  by Yves Smith 1:47 am

• Wall Street Increasingly Reliant on Asset-Backed Securities
  by Yves Smith 12:52 am

June 3, 2007

• Foreigners Buying the US: Should We Worry?
  by Yves Smith 1:46 am

• Guess Who Owns the Crappy CDO Tranches? It Might Be You (Via Your Pension Fund)
  by Yves Smith 1:04 am

• The Incredible Levitating May Jobs Report
  by Yves Smith 12:50 am

• Gore vs. Unabomber
  by Yves Smith 12:09 am

• "Political Compass" Test
  by Yves Smith 12:01 am

June 2, 2007

• Barry Ritholtz Squares the Circle on GDP Growth vs. Consumer Spending
  by Yves Smith 2:24 pm

June 1, 2007

• Comments on the 1Q GDP Growth Revision Downward
  by Yves Smith 1:11 am

• Jim Grant on the Not-So-Rosy Future of the Dollar Hegemony
  by Yves Smith 12:53 am

• "Insanity Reigns in Commercial Real Estate"
  by Yves Smith 12:33 am

• Why Fish Stocks Are in Danger: Subsidies
  by Yves Smith 12:29 am

• You (Probably) Heard It Here First: AntiForensics
  by Yves Smith 12:01 am