Monthly Archives: June 2009

June 30, 2009

• "An Even Worse Financial System Than the One With Which We Began"
  by Yves Smith 11:13 pm

• Guest Post: Overextended Pension Funds?
  by Leo Kolivakis 8:46 pm

• Some Open Questions on Structured Investment Vehicles
  by Yves Smith 2:19 pm

• Links 6/30/09
  by Yves Smith 1:34 am

• China Signals End of Stockpiling
  by Yves Smith 1:17 am

June 29, 2009

• IEA "Sharply" Lowers Oil Demand Forecast
  by Yves Smith 11:46 pm

• Guest Post: Where is the Fear?
  by Leo Kolivakis 9:50 pm

• Public Opinion Data Says America is Really Center-Left
  by Yves Smith 9:44 pm

• Links 6/29/09
  by Yves Smith 12:02 am

June 28, 2009

• Chinese Banks: "An Accident Waiting to Happen"
  by Yves Smith 11:43 pm

• BIS Warns That Dreck Still on Bank Balance Sheet Means More Bailouts
  by Yves Smith 11:03 pm

• Chinese Now Say "No Change" in Currency Policy; Treasuries and Dollar Back in Fashion
  by Yves Smith 10:20 pm

• Guest Post: The New Rising Sun?
  by Leo Kolivakis 12:47 pm

• Reader Sanity Check: Interest Rate Policy, Leverage and the Financial Crisis
  by Yves Smith 7:04 am

• Links 6/28/09
  by Yves Smith 12:40 am

June 27, 2009

• Guest Post: The Collapse Of The Non-Backstopped Agency Market
  by Tyler Durden 11:13 pm

• Guest Post: From Golden Cross to Golden Goose?
  by Leo Kolivakis 7:36 am

• Comic Relief: "Zombie Bank"
  by Yves Smith 12:02 am

• Links 6/27/09
  by Yves Smith 12:00 am

June 26, 2009

• China Again Throws Weight Against Dollar as Reserve Currency, Calls for IMF Solution
  by Yves Smith 9:15 am

• Links 6/26/09
  by Yves Smith 12:47 am

• Comic Relief: "Where Credit is Due"
  by Yves Smith 12:39 am

June 25, 2009

• Will America’s Besieged Middle Class Snap?
  by Yves Smith 11:13 pm

• Guest Post: Feudal Age of Pensions?
  by Leo Kolivakis 10:12 pm

• Is Bernanke Toast? If he is, Summers is a shoo-in
  by Edward Harrison 1:10 pm

• Initial Jobless Claims Rise Unexpectedly by 15,000
  by Yves Smith 8:04 am

• Does Ben Bernanke blow bubbles too?
  by Edward Harrison 7:55 am

June 24, 2009

• Links 6/25/09
  by Yves Smith 11:18 pm

• Guest Post: Pensions Apartheid?
  by Leo Kolivakis 11:01 pm

• Banks Rescue Credit Card Trusts, Yet Keep Them Off Balance Sheet
  by Yves Smith 9:44 pm

• "Timelines of Policy Responses to the Global Financial Crisis"
  by Yves Smith 3:56 pm

• Credit Card Chargeoffs Rise to Over 10%
  by Yves Smith 3:40 pm

• "Low Appraisals" Blamed for Keeping Housing Prices Down
  by Yves Smith 4:38 am

June 23, 2009

• Links 6/24/09
  by Yves Smith 11:16 pm

• Guest Post: Decades of Social Crisis?
  by Leo Kolivakis 10:37 pm

• Japanese Trade Implosion Continues, Exports Fall 41%
  by Yves Smith 8:15 pm

• Chrysler Can’t Make Cars Yet, Needs to Secure Access to Tools
  by Yves Smith 7:08 pm

June 22, 2009

• Links 6/23/09
  by Yves Smith 11:01 pm

• Guest Post: The Summer Pullback?
  by Leo Kolivakis 9:43 pm

• Some Banks Skip TARP Dividends
  by Yves Smith 9:12 pm

• Is China Trying to Use Asset Inflation to Stimulate Consumption
  by Yves Smith 8:49 am

• World Bank Cuts Growth Forecast Mid-June; Bloomberg Claims Markets Take Notice Today
  by Yves Smith 8:02 am

June 21, 2009

• Guest Post: The Meaning of Enough?
  by Leo Kolivakis 5:52 pm

• Some Musings on Frank Partnoy’s "Fiasco" and Customers as Chumps
  by Yves Smith 3:22 am

• Reader Notice Plus Antidote du Jour
  by Yves Smith 1:48 am

June 20, 2009

• Links 6/20/09
  by Edward Harrison 7:44 am

• Xie: Chinese Banks Funding Commodities Speculation, Casting Doubt on Recovery
  by Yves Smith 4:34 am

• Guest Post: Review of Gillian Tett’s "Fool’s Gold"
  by Yves Smith 1:25 am

June 19, 2009

• Guest Post: Falling Short of Expectations?
  by Leo Kolivakis 9:12 pm

• Asymmetric information and corporate governance in bank bailouts
  by Edward Harrison 9:42 am

• Geithner’s Plan to Have a Reform Plan Skewered by Senate
  by Yves Smith 6:51 am

• Guest Post: Recovering the Losses?
  by Leo Kolivakis 5:58 am

• Credit Card Squeeze Hits Small Businesses
  by Yves Smith 3:15 am

June 18, 2009

• Links 6/19/08
  by Edward Harrison 11:10 pm

• Guest Post: Fixing ‘Systemically Significant’ Institutions?
  by Leo Kolivakis 6:29 am

June 17, 2009

• Links 6/18/08
  by Edward Harrison 11:05 pm

• A more comprehensive look at Obama’s proposed financial reforms
  by Edward Harrison 8:27 pm

• My initial reactions to President Obama’s financial regulation proposal
  by Edward Harrison 10:03 am

• Why not protect the homeowner?
  by Edward Harrison 7:54 am

• Germans to Install Gold Vending Machines
  by Yves Smith 5:26 am

• Guest Post: A Convenient Untruth About Public Pensions?
  by Leo Kolivakis 12:20 am

June 16, 2009

• Links 6/17/09
  by Edward Harrison 11:05 pm

• Guest Post: Andy Xie – "Markets Are Trading On Imagination"
  by Tyler Durden 8:53 am

• Means of deficit reduction: Medicare and Social Security
  by Edward Harrison 8:37 am

• Guest Post: A New Financial Foundation?
  by Leo Kolivakis 6:40 am

• Do the Treasury Proposals on Securitization Reform Go Far Enough?
  by Yves Smith 5:01 am

• Reader Query
  by Yves Smith 4:26 am

June 15, 2009

• Links: 6/16/09
  by Edward Harrison 11:20 pm

• The Great Depression II meme
  by Edward Harrison 8:09 am

• Prospects for Employment Recovery: Less Than Cheery?
  by Yves Smith 7:58 am

• China Hectors US Again Re the Dollar
  by Yves Smith 5:50 am

June 14, 2009

• Links 6/15/09
  by Edward Harrison 11:27 pm

• Is 2009 tracking a 1930 Great Depression scenario?
  by Edward Harrison 10:13 pm

• Guest Post: Will the Financial Crisis Transform Capitalism?
  by Leo Kolivakis 9:44 am

• Guest Post: Discussion of "Animal Spirits" by George Akerlof and Robert Shiller
  by Yves Smith 1:20 am

June 13, 2009

• Links 6/14/09
  by Edward Harrison 11:20 pm

• Low interest rates lead to overbuilding leads to demolition
  by Edward Harrison 4:16 pm

• "Geithner’s Plan on Pay Falls Short"
  by Yves Smith 7:52 am

• Guest Post: The Perils of Linear Projections?
  by Leo Kolivakis 7:07 am

June 12, 2009

• Links 6/13/09
  by Edward Harrison 11:36 pm

• What is Different this Time?
  by MacroStrategy Edge 12:42 pm

• Guest post: BRICS or CRIBS? – Meeting in Moscow to coordinate policy
  by Edward Harrison 11:23 am

• Guest post: The bezzle is shrinking
  by Edward Harrison 8:49 am

• Guest Post: Hedge Funds Losing Their Mojo?
  by Leo Kolivakis 6:19 am

• World Bank Downgrades Growth Forecasts Yet Again (And More Doubts on Chinese Data)
  by Yves Smith 2:31 am

June 11, 2009

• Links 6/12/09
  by Edward Harrison 10:55 pm

• Guest post: The psychology of economic forecasting
  by Edward Harrison 3:24 pm

• Guest Post: What De-leveraging?
  by Rolfe Winkler 1:05 pm

• Guest post: Ken Lewis points the finger at Bernanke and Paulson
  by Edward Harrison 12:04 pm

• Guest post: Initial claims hit lowest in 5 months, continuing claims hit record
  by Edward Harrison 9:34 am

• Guest Post: Pensions ‘Perfect Storm’ Looms?
  by Leo Kolivakis 6:42 am

• Chinese Steel Export Rebate to Fuel Trade War?
  by Yves Smith 2:59 am

• On the "Endless Bid" for Oil
  by Yves Smith 2:27 am

June 10, 2009

• Links 6/11/06
  by Edward Harrison 11:31 pm

• Guest post: Roubini’s RGE Monitor: Threat of ‘Asia-Style Crisis’ in Eastern Europe
  by Edward Harrison 1:57 pm

• Which Way Forward?
  by MacroStrategy Edge 1:06 pm

• Guest post: Is the GM section 363 bankruptcy plan really a stealth re-organization plan?
  by Edward Harrison 10:10 am

• Guest post: Repayments will make banks weaker and could lead to more failures
  by Edward Harrison 9:06 am

• Guest Post: Price, Demand, and Money Supply as They Relate to Inflation and Deflation
  by Jesse 8:33 am

• Guest Post: Will Liquidity Steamroll Over Pensions?
  by Leo Kolivakis 6:23 am

• House Subpoenas Fed Re Merrill Sale to Bank of America
  by Yves Smith 4:23 am

• Japan, China, and German Green Shoots Stories Looking Doubtful
  by Yves Smith 3:27 am

• Links 6/10/09
  by Edward Harrison 2:19 am

June 9, 2009

• Guest post: Ten big banks receive approval to repay TARP funds
  by Edward Harrison 3:08 pm

• Policy Complications Ahead?
  by MacroStrategy Edge 9:03 am

• Guest Post: Full Steam Ahead?
  by Leo Kolivakis 6:11 am

• Existing Cap and Trade Regime for Power Plant Emissions "Coming Undone"
  by Yves Smith 3:58 am

• More Data Casting Doubts on Green Shoots Theories
  by Yves Smith 3:01 am

June 8, 2009

• Links 6/9/09
  by Edward Harrison 11:35 pm

• Supreme Court Stays Chrylser Sale (Updated)
  by Yves Smith 3:44 pm

June 7, 2009

• Links 6.8.09
  by Yves Smith 11:24 pm

• Guest post: The mega Jeremy Grantham interview
  by Edward Harrison 10:39 pm

• The Team Obama Con Game Gets Official Notice
  by Yves Smith 7:24 pm

• Guest Post: Malcolm Gladwell Replies to Taleb
  by Yves Smith 1:44 am

• Reader Notice Plus Antidote du Jour
  by Yves Smith 1:30 am

• Thinking Further About Wall Street Looting (Reader Sanity Check)
  by Yves Smith 12:57 am

June 6, 2009

• Guest Post: Work Till You Drop?
  by Leo Kolivakis 6:28 am

• Links 6/6/09
  by Yves Smith 1:38 am

• China’s Declining Electricity Consumption Conflicts With Party Line Growth Story
  by Yves Smith 1:28 am

June 5, 2009

• Guest post: Payroll data mixed despite the bullish headline job loss figure
  by Edward Harrison 1:04 pm

• Fed Hires Former Enron Lobbyist to Burnish Its Image
  by Yves Smith 12:53 pm

• Guest Post: Big Money Suffering Performance Anxiety?
  by Leo Kolivakis 6:25 am

• Links 6/5/09
  by Yves Smith 2:02 am

• "A Tale of Two Depressions"
  by Yves Smith 1:49 am

• FDIC Keen to Designate Citi a Problem Bank, Change Management
  by Yves Smith 12:00 am

June 4, 2009

• Another "Rescue the Markets" Program Flagging?
  by Yves Smith 8:56 pm

• Guest post: Former Countrywide head Mozilo is charged by the SEC
  by Edward Harrison 3:07 pm

• Guest Post: Update on Global Pension Tension – June 2009
  by Leo Kolivakis 6:47 am

• Links 6/4/09
  by Yves Smith 1:30 am

• MLEC Version 3.0, aka PPIP Legacy Loan Program, Officially Dead on Arrival
  by Yves Smith 12:14 am

June 3, 2009

• Looting and How It Came to Pass
  by Yves Smith 11:30 pm

• Guest post: Bill Gross: “Staying Rich in the New Normal”
  by Edward Harrison 7:33 am

• Guest Post: Hold Them Bonuses!
  by Leo Kolivakis 6:29 am

• Links 6/3/09
  by Yves Smith 2:27 am

• Fed Setting Higher-Than-Stress-Test Bar for Exiting From TARP
  by Yves Smith 2:16 am

June 2, 2009

• Guest post: What personal consumption data means for the stock market
  by Edward Harrison 3:27 pm

• Guest post: Central banks will face a Scylla and Charybdis flation challenge for years
  by Edward Harrison 9:18 am

• Guest Post: GM’s Final Clawback?
  by Leo Kolivakis 5:55 am

• Links 6/2/09
  by Yves Smith 2:23 am

• Philly Fed’s Plosser Not Keen re PPIP, Fed’s Quasi-Fiscal Role
  by Yves Smith 2:21 am

• Citibank Withholding Severance to Some Former Execs
  by Yves Smith 12:07 am

June 1, 2009

• WordPress Transition Woes, Hopefully to be Resolved Later Today
  by Yves Smith 1:43 pm

• Guest post: Dollar weakness continues
  by Edward Harrison 8:44 am

• Links 6/1/09
  by Yves Smith 1:30 am