Monthly Archives: July 2007

July 31, 2007

• Credit Default Swaps Put Goldman, Merrill, Lehman and Bear at Junk Levels
  by Yves Smith 9:45 am

• The Credit-Equity Market Disconnect
  by Yves Smith 9:31 am

• The Shellacking of Greenspan Begins
  by Yves Smith 9:29 am

• Dr. Doom on the Dangers of the Liquidity Boom
  by Yves Smith 9:21 am

• Office Printers as Bad as Cigarette Smoke?
  by Yves Smith 9:13 am

July 30, 2007

• Paper Points to Problems with CDO Models
  by Yves Smith 3:55 pm

• Study Finds Human Activity Producing More Atlantic Hurricaines
  by Yves Smith 3:44 pm

• Bulls Keeping the Faith (At Least So Far)
  by Yves Smith 5:44 am

July 29, 2007

• Reading the Tea Leaves (Financial Markets Edition)
  by Yves Smith 2:03 pm

• Man Bites Dog (Federal Reserve Edition)
  by Yves Smith 2:01 pm

July 27, 2007

• Credit Market Woes Weigh on Global Stock Markets
  by Yves Smith 6:40 am

• Ozone a Bigger Culprit in Climate Change Than Previously Thought
  by Yves Smith 5:39 am

July 26, 2007

• Investors Dump Wall Street Firms’ Stocks and Bonds
  by Yves Smith 1:29 pm

• Cat Predicts Patient Deaths
  by Yves Smith 1:20 pm

• More Gloomy Housing News
  by Yves Smith 2:32 am

• Financial Times on the State of LBO Finance
  by Yves Smith 2:08 am

July 25, 2007

• Farmers 1, Monsanto 0
  by Yves Smith 3:10 pm

• Why is Anyone Surprised (Housing Edition
  by Yves Smith 2:15 pm

• A Killer Cruise
  by Yves Smith 2:10 pm

• Is the Public Wrong to be Anti-Globalization and Income Inequality?
  by Yves Smith 5:38 am

• Forgive Formatting Funkiness
  by Yves Smith 5:09 am

July 22, 2007

• A Notice to Readers: Please Bear With Me
  by Yves Smith 11:02 pm

• Conference Board Review on Prejudice and the Glass Ceiling
  by Yves Smith 11:01 pm

• New York Review of Books on the Sorry State of Newspapers
  by Yves Smith 11:41 am

July 21, 2007

• Another Reason to Avoid Arbitration Agreements with Big Financial Institutions
  by Yves Smith 11:51 pm

• Air Safety: Which Seats Have Highest Survival Rate?
  by Yves Smith 2:43 pm

July 20, 2007

• Barclays in a Row With Bear Over Failed Hedge Fund
  by Yves Smith 11:52 pm

• Drug Prices Falling
  by Yves Smith 11:41 pm

• Good Primer on CDOs
  by Yves Smith 11:01 pm

• The Economist on Incremental Approaches to Health Care Reform
  by Yves Smith 1:59 pm

July 19, 2007

• Floyd Norris: Off the Mark on Subprimes
  by Yves Smith 11:28 pm

• Americans No Longer Tallest
  by Yves Smith 11:04 pm

• Hedge Fund Index Revised Downward Due to Bear
  by Yves Smith 3:14 pm

• Begging to Differ With Dimon on Hedge Fund Regulation
  by Yves Smith 12:11 am

July 18, 2007

• Were Some Derivatives Trades Primarily About Tax Avoidance?
  by Yves Smith 11:58 pm

• Narcissistic CEOs Produce More Volatile Performance
  by Yves Smith 11:21 pm

• Sarbox Not Responsible for Decline in New York Market Competitiveness
  by Yves Smith 11:12 pm

• Supreme Court Minimum Price Ruling Used to Attack Ebay Sellers
  by Yves Smith 11:01 pm

• Fitch Points to Credit Derivatives as Possible Accelerant in Credit Downturn
  by Yves Smith 5:50 pm

• Jamie Dimon Says Banks Getting Indigestion From LBO Debt
  by Yves Smith 2:42 pm

• Is the Fed Acting Like the Drunk Looking for His Keys?
  by Yves Smith 2:01 am

• The Environment: China’s Achilles Heel?
  by Yves Smith 12:13 am

July 17, 2007

• Fitch Downgrades Lower Tranches of Two Alt-A Trusts
  by Yves Smith 9:31 pm

• Two Bear Stearns Funds "Nearly Worthless"
  by Yves Smith 7:13 pm

• Stock Market Valuations Rich
  by Yves Smith 4:58 pm

• "Goldman, JP Morgan Saddled With Debt They Can’t Sell"
  by Yves Smith 4:00 pm

• ABX Indexes Still Dropping
  by Yves Smith 2:01 am

• Congress vs. Bernanke on Borrower Protection
  by Yves Smith 2:00 am

• The Junk Food Theory of American Indebtedness
  by Yves Smith 12:36 am

• "MIT finds cure for fear"
  by Yves Smith 12:01 am

• "You Know You’re Subprime When…"
  by Yves Smith 12:01 am

July 16, 2007

• Rating Agencies: Head in the Sand
  by Yves Smith 1:16 am

• Krugman on Socialized Health Care
  by Yves Smith 12:10 am

• New York Times Takes Conservative Line on "Populism"
  by Yves Smith 12:09 am

July 15, 2007

• Is Kuwait Lying About Its Oil Reserves?
  by Yves Smith 1:05 am

• Housing Market Data May Be Too Rosy
  by Yves Smith 12:39 am

• Another Salvo Against the Dollar
  by Yves Smith 12:16 am

• Mobile Phones Reducing Long Term Memory
  by Yves Smith 12:07 am

July 14, 2007

• Fitch: Subprime Defaults Hit AA and AAA Tranches With 1-2% Price Declines
  by Yves Smith 2:25 am

• Minsky Moment Deferred?
  by Yves Smith 12:36 am

• Dubious Research (Investor Attitudes Edition)
  by Yves Smith 12:19 am

• New Class of Chemicals Accumulating in People, Land Animals "
  by Yves Smith 12:18 am

July 13, 2007

• Is Lifespan Inherited From Fathers?
  by Yves Smith 3:13 pm

• Menzie Chinn on the Prospects for the Dollar
  by Yves Smith 2:02 am

• Debt Prices Falling
  by Yves Smith 12:42 am

• S&P Downgrades Its Downgrade
  by Yves Smith 12:10 am

• Margin Debt Up Sharply
  by Yves Smith 12:03 am

• "The Economics of Cats"
  by Yves Smith 12:02 am

• Buy High, Sell Low (GE Subprime Edition)
  by Yves Smith 12:01 am

July 12, 2007

• Global CDO Issuance at Record Levels
  by Yves Smith 10:39 pm

• "What Happens To MBS and CDOs and CDS When Subprime Defaults Rise?”
  by Yves Smith 4:08 am

• WSJ and FT Parallel Universes (Credit Markets and Currencies Edition)
  by Yves Smith 1:59 am

• Fitch Issues Another Warning About US Commercial Real Estate
  by Yves Smith 12:29 am

July 11, 2007

• More Confirmation that Sell Side Analysis is Generally Useless
  by Yves Smith 3:54 pm

• "Warsh, Steel Don’t See `Systemic Risk’ From Subprime"
  by Yves Smith 2:42 pm

• SEC: Bear Unwind "Orderly"
  by Yves Smith 2:18 pm

• Has the Credit Contraction Finally Begun?
  by Yves Smith 3:24 am

• Wall Street Journal on Australia’s Drought
  by Yves Smith 12:54 am

• "Thrift Regulator May Ban ‘Unfair’ Lending Practices"
  by Yves Smith 12:19 am

July 10, 2007

• Moody’s Cuts Ratings on $5.2 Billion of Subprime-Related Bonds
  by Yves Smith 8:02 pm

• Harvard Management’s CEO is Worried About the Bagholders
  by Yves Smith 2:35 am

• John Dizard Clears Up Some CDO Mysteries
  by Yves Smith 1:05 am

• The Musical Chairs Theory of Markets (Chuck Prince Edition)
  by Yves Smith 12:18 am

• "Junk rated loans hit new lows"
  by Yves Smith 12:03 am

July 9, 2007

• Freddie Mac Forecasts 2007 Housing Sales to Fall 7.1%
  by Yves Smith 4:37 pm

• "Hedge funds eye Mexico amid US subprime woes"
  by Yves Smith 2:40 pm

• Atlanta: Microcosm of Real Estate Woes to Come?
  by Yves Smith 12:51 pm

• Barron’s Makes Grim Forecast for Housing
  by Yves Smith 12:20 pm

• Negative Equity ARMs: Bad, But Is It That Bad, and Is It News?
  by Yves Smith 3:58 am

• "Moody’s slams private equity"
  by Yves Smith 12:30 am

• Verizon Locking Customers into New Fiber Optic Service (and Not Telling Them)
  by Yves Smith 12:01 am

July 8, 2007

• The "Rogue Agent" Defense Strikes Again (Insurance Edition)
  by Yves Smith 2:20 am

• Why Do Shareholders Let Corporate Acquirers Get Away With It?
  by Yves Smith 12:51 am

• June Retail Sales Report Expected to Show a Decline (Ouch)
  by Yves Smith 12:42 am

• Lead as a Crime Culprit
  by Yves Smith 12:07 am

• Our New and Hopefully Improved Look
  by Yves Smith 12:01 am

July 7, 2007

• An Economist Argues That Single-Payer Healthcare is Inevitable
  by Yves Smith 1:10 am

• CDO Margin Requirements Increased Considerably
  by Yves Smith 12:59 am

• More on CDO Financing (and Why We Haven’t Seen More Hedge Fund Distress)
  by Yves Smith 12:30 am

• "Minority families face wave of foreclosures"
  by Yves Smith 12:19 am

• Now It’s Official: Politicians Favor the Wealthy
  by Yves Smith 12:05 am

July 6, 2007

• Disingenuous WSJ Story on Government Restrictions on Acquisitions by Foreigners
  by Yves Smith 4:21 am

• HuffPo on CDOs: Great Metaphor Marred by Some Incredible Assertions
  by Yves Smith 1:45 am

• Another Hedge Fund Casualty: UBS CEO Wuffli
  by Yves Smith 12:53 am

• Story on Virtues of Organic Tomatoes Getting Little US Coverage
  by Yves Smith 12:01 am

July 5, 2007

• Wall Street Journal on Crooked Mortgage Broker
  by Yves Smith 2:22 am

• "U.S. Consumers Are Struggling"
  by Yves Smith 12:04 am

• More on Brookstreet Meltdown: Chumps in Florida
  by Yves Smith 12:03 am

• Animal Problem Solving
  by Yves Smith 12:01 am

July 4, 2007

• "Buyers shun Bear Stearns’ fire sale"
  by Yves Smith 1:51 pm

• Nouriel Roubini on the Instability of Bretton Woods 2
  by Yves Smith 1:23 am

• Who is Carrying the CDO Risk? Look to the Dealers
  by Yves Smith 12:47 am

• Don’t Plant Trees
  by Yves Smith 12:07 am

July 3, 2007

• What If We Stop Believing the Ratings?
  by Yves Smith 1:51 am

• Another Subprime Mortgage Hedge Fund Halts Redemptions
  by Yves Smith 12:22 am

• Bear Update du Jour
  by Yves Smith 12:19 am

• Private Equity: Labor Throws Down the Gauntlet
  by Yves Smith 12:15 am

• Bear Giveth as Well as Taketh Away (Treasury Edition)
  by Yves Smith 12:09 am

July 2, 2007

• Was Bear Stearns’ Hedge Fund Intervention a Bad Idea?
  by Yves Smith 2:30 am

• New York Times on Shrinking Homeowners’ Equity
  by Yves Smith 2:16 am

• More on AT&T Messing Up iPhone Launch (and Lying About It Too!)
  by Yves Smith 12:34 am

• Bear Stearns To Report Hedge Fund Results Late
  by Yves Smith 12:20 am

• Wage Increases in India Make Offshoring Unattractive
  by Yves Smith 12:16 am

July 1, 2007

• Towers Perrins Stonewalling Congress on CEO Pay Inquiry
  by Yves Smith 12:56 am

• Report from DC: "Area Suburbs See Rise in Foreclosures"
  by Yves Smith 12:17 am

• GAO: Conflicts of Interest May Reduce Returns
  by Yves Smith 12:14 am

• Bankruptcy Filings Surge in First Quarter
  by Yves Smith 12:12 am

• "Grand Obstructionist Party"
  by Yves Smith 12:02 am

• "Peculiar Libertarian Beliefs"
  by Yves Smith 12:01 am