Monthly Archives: August 2007

August 31, 2007

• Barclays Borrowed Over $3 Billion From the Bank of England
  by Yves Smith 1:16 pm

• Bush’s Mainly Cosmetic Homeowner Rescue Proposals
  by Yves Smith 2:50 am

• Willem Buiter on the Fed’s Limited Independence
  by Yves Smith 12:48 am

August 30, 2007

• AAA to CCC and Other Rating Agency Horror Stories
  by Yves Smith 11:52 pm

• Hedge Funds: Good Activists?
  by Yves Smith 2:50 pm

• Commercial Paper Market Still in Distress
  by Yves Smith 12:50 pm

• The WSJ’s Greg Ip Defends Bernanke Against Martin Wolf
  by Yves Smith 3:34 am

• How Greenspan Diminished the Fed
  by Yves Smith 3:02 am

August 29, 2007

• Climate Change Flooding Risk Underestimated
  by Yves Smith 3:03 pm

• New Business Opportunity: SMS Loan Sharking
  by Yves Smith 2:55 pm

• Martin Wolf Takes Bernanke to the Woodshed
  by Yves Smith 2:30 am

• Foreigners Demanding a Say in US Market Regulation
  by Yves Smith 1:21 am

August 28, 2007

• Corporate Deleveraging May Be Overstated
  by Yves Smith 3:52 pm

• Default Rates Set to Rise?
  by Yves Smith 2:22 pm

• Do We Need to Bail Out Homeowners? (Nouriel Roubini Edition)
  by Yves Smith 1:48 pm

August 27, 2007

• Larry Summers’ Unanswered Questions
  by Yves Smith 7:42 pm

• Bear Liquidation May Create New Woes for Hedge Funds
  by Yves Smith 2:40 pm

• Extreme Measures II: Gillian Tett at the Financial Times
  by Yves Smith 2:06 am

August 26, 2007

• Willem Buiter on How Central Bankers Are Co-Opted
  by Yves Smith 11:01 pm

• Jim Grant on the Subprime Crisis
  by Yves Smith 5:49 pm

• On Reader Comments and (Belated) Replies
  by Yves Smith 2:23 pm

• Extreme Measures I: Bill Gross at Pimco
  by Yves Smith 3:06 am

August 25, 2007

• Dispelling the Myth of Low Unemployment
  by Yves Smith 9:31 pm

August 24, 2007

• How Bad Might It Get?
  by Yves Smith 11:53 pm

• Fed Acts More Directly to Shore Up Battered Asset-Backed Commercial Paper Market
  by Yves Smith 4:43 pm

• Thinking the Unthinkable: Regulating the Brave New World of Finance
  by Yves Smith 4:47 am

• Suprime Collateral Damage: Homes in Chelsea (London)
  by Yves Smith 12:44 am

August 23, 2007

• Central Bank Efforts to Stabilize Money Markets May Not Be Working
  by Yves Smith 4:32 pm

• Special Situation: Lehman Subprime Unit Shutdown
  by Yves Smith 3:14 am

• Paulson Hoist on His Own Petard (Yuan Version)
  by Yves Smith 2:27 am

• Do-It-Yourself Dubious Accounting
  by Yves Smith 12:48 am

August 22, 2007

• Bush Rewrites History Again
  by Yves Smith 10:03 pm

• Update From the Man Who Popularized "Minsky Moment"
  by Yves Smith 10:00 pm

• Press Burnishing of Presidential Image
  by Yves Smith 3:30 pm

• Mortgage Delinquency Rises at Fastest Rate in 17 Years
  by Yves Smith 2:54 pm

• Martin Wolf Defends the Fed
  by Yves Smith 5:00 am

• Bush’s FHA Band-Aid
  by Yves Smith 2:52 am

• Dizard on the Fed
  by Yves Smith 2:42 am

• More Evidence of Broader Housing Woes
  by Yves Smith 2:35 am

August 21, 2007

• Linkfest Aug 22
  by Yves Smith 11:27 pm

• Now It’s Official: Wall Street Bonuses In Peril
  by Yves Smith 10:53 pm

• Administration Self Delusion Rises to New Levels
  by Yves Smith 10:19 pm

• Has Smoke and Mirrors Worked?
  by Yves Smith 3:57 pm

• White Collar Workers of the World Unite! You Have Nothing to Keep but Your Jobs!
  by Yves Smith 2:31 pm

• Chaos Continues in the Money Markets
  by Yves Smith 2:20 am

• On What the Fed Hath Wrought (So Far)
  by Yves Smith 1:50 am

• Straining Credulity on Identity Theft Costs
  by Yves Smith 1:43 am

August 20, 2007

• William Lauder Needs a Lesson in What Being Public Means
  by Yves Smith 10:42 pm

• Changing Motivations for Home Ownership
  by Yves Smith 2:20 pm

• Pet Camel Kills Its Australian Owner
  by Yves Smith 11:42 am

• Nouriel Roubini and Marc Faber Are Not Impressed
  by Yves Smith 2:09 am

• Is the Criticism of Bernanke Warranted?
  by Yves Smith 1:41 am

• Monoline Insurers Under Scrutiny for Suprime Exposure
  by Yves Smith 1:10 am

August 19, 2007

• Fed Found, and Dismissed, Signs of High Correlation in Hedge Fund Strategies
  by Yves Smith 3:05 pm

• Global Warming Fallout: Nuclear Reactor Shutdown
  by Yves Smith 1:22 pm

August 18, 2007

• On Cognitive Biases and Markets
  by Yves Smith 11:19 pm

• Beware of Consultants Touting Anomalous Findings
  by Yves Smith 1:39 am

August 17, 2007

• Asset Backed CP Yields Move Higher
  by Yves Smith 3:01 pm

• Rate Cut Links
  by Yves Smith 11:29 am

• The Fed Acts, and the Stock Market Yawns
  by Yves Smith 10:42 am

• Paul Krugman Punts
  by Yves Smith 10:30 am

August 16, 2007

• Financial Times: Things Likely to Get Worse Before They Get Better
  by Yves Smith 6:13 pm

• Carry Trade Unwinding
  by Yves Smith 3:30 pm

• On Fragility of the Financial System
  by Yves Smith 12:55 pm

• Moody’s Warns of Potential for LTCM Type Hedge Fund Failure
  by Yves Smith 11:50 am

• Guest Blogging at Portfolio.com
  by Yves Smith 9:13 am

• The Fed Can’t Win
  by Yves Smith 8:46 am

• Why So Little Comment on Dr. Doom’s Latest?
  by Yves Smith 12:23 am

August 15, 2007

• Nouriel Roubini on Risk Versus Uncertainty
  by Yves Smith 7:29 pm

• Lord What Fools These Mortals Be (Real Estate Edition)
  by Yves Smith 1:49 pm

• CMBS Spreads Widen Sharply
  by Yves Smith 10:29 am

• The Journal Tells Us About Rating Agency Conflicts Now?!?
  by Yves Smith 12:13 am

August 14, 2007

• Martin Wolf on the Merit of Fear
  by Yves Smith 11:18 pm

• Banks Refusing to Lend Against Subprime Collateral
  by Yves Smith 11:17 pm

• Andy Xie Criticizes Central Bank Liquidity Infusion
  by Yves Smith 12:26 pm

• Analysts Forecast $2-3 Billion of Credit Losses at Citi
  by Yves Smith 10:16 am

• Wal-Mart to Investors: Consumers Are Hurting
  by Yves Smith 9:41 am

• "The Central Bank as Market Maker of the Last Resort"
  by Yves Smith 12:05 am

August 13, 2007

• Brad DeLong is Proven Right
  by Yves Smith 8:38 pm

• Goldman’s Non-Bailout Bailout
  by Yves Smith 12:56 pm

• ECB Provides Emergency Cash for Third Day
  by Yves Smith 9:53 am

August 12, 2007

• Explaining Last Week’s Credit Seize Up
  by Yves Smith 11:53 pm

• Theme du Jour: Moral Hazard
  by Yves Smith 11:38 pm

• Are Credit Default Swaps Next?
  by Yves Smith 11:14 pm

August 11, 2007

• More on Global Alpha, Quant Woes
  by Yves Smith 12:41 pm

August 10, 2007

• Goldman’s Global Alpha Down 26% YTD
  by Yves Smith 3:27 pm

• Why the Panic?
  by Yves Smith 11:11 am

• Preventive Medication May Not Help Elderly
  by Yves Smith 10:22 am

• iPhone Cloned
  by Yves Smith 10:02 am

August 9, 2007

• ECB Makes Unprecedented Infusion in Effort to Stem Credit Market Panic
  by Yves Smith 3:23 pm

• Paribas Freezes Assets of Three Funds
  by Yves Smith 12:48 pm

• The Financial Times on Subprime Fraud
  by Yves Smith 11:26 am

August 8, 2007

• Is the Importance of the iTraxx a Good Thing?
  by Yves Smith 11:43 pm

• A Bank Run at Second Life
  by Yves Smith 9:45 pm

• "Event Driven" and Statistical Arbitrage Hedge Funds Faring Poorly
  by Yves Smith 6:18 pm

• Income Disparity Growing in Asia
  by Yves Smith 8:45 am

August 5, 2007

• Off the Grid Until Wednesday
  by Yves Smith 7:50 am

• Geothermal to the Rescue?
  by Yves Smith 7:45 am

• The Downside of Risk Dispersion
  by Yves Smith 7:29 am

August 4, 2007

• On Bear and Credit Woes
  by Yves Smith 3:16 am

• On the Power of Japan’s Retail Currency Speculators
  by Yves Smith 3:00 am

August 3, 2007

• Private Equity Firms Requiring Investment Banks to Honor Funding Commitments
  by Yves Smith 9:50 am

• Jim Rogers Still Negative on Housing and Investment Banks
  by Yves Smith 9:36 am

• Some Semblance of Calm Returning to Credit Markets
  by Yves Smith 9:16 am

• Cosmic Rays May Have Caused Past Falls in Biodiversity
  by Yves Smith 7:38 am

August 1, 2007

• New Flavor of Credit Market Fallout?
  by Yves Smith 10:12 am

• Financial Times on the Alchemy of Finance
  by Yves Smith 9:40 am