Posted in dawn to decadence, dollar, doomsterism, federal reserve, inflation, monetary policy, politics, volatility, wall street on November 9, 2008 | Leave a Comment »
It has been abundantly obvious from day one that Ben Bernanke has no understanding of “liquidity” – whatsoever.
Only 2 months (?) after Bernanke helicoptered $122 billion to AIG, AIG has come cap in hand to Uncle Sam with a down face and a confession: “The money’s all gone.” AIG supposedly wants $200 billion in new money.
AIG [...]
Posted in politics, volatility, wall street on October 29, 2008 | 1 Comment »
The most criminally ingenious short squeeze in history, engineered by those cunning Germans at Porsche.
Fortunate for them that they’re a “car company.” If a hedge fund had tried to pull that in Germany, the managers, the PMs, the traders, the analysts, the back office IT, and everybody else in the same building would have already [...]
Posted in volatility on May 30, 2008 | Leave a Comment »
via
May 30 (Bloomberg) — Iceland’s lawmakers passed a bill allowing the central bank to sell as much as 500 billion kronur ($6.76 billion) of foreign-currency bonds, equivalent to more than a third of the country’s gross domestic product.
The bill was passed late yesterday, Thorsteinn Thorgeirsson, chief economist at the Finance Ministry in Reykjavik, said in [...]
Posted in dawn to decadence, doomsterism, economy, federal reserve, inflation, monetary policy, politics, shitigroup, volatility, wall street on May 18, 2008 | Leave a Comment »
The credit crisis has separated true libertarians from phony libertarians, and separated true liberals from phony liberals.
The phony liberals have inadvertently mocked themselves throughout the entire credit crisis, manning the barricades to defend the greatest act of socialism for the rich in US history. Ditto for supposed “libertarians,” eg Robert Rubin, Bruce Kovner, and the [...]
Posted in inflation, volatility, wall street on May 7, 2008 | Leave a Comment »
I’m not sure Felix Salmon is as dumb as he thinks.
May 6 2008 6:49PM EDT
Fannie Mae’s Weird Rally
I’ve seen a lot of financial institutions see their stock soar on the day they release atrocious quarterly results, and in fact I had them in mind this morning when I kicked off a [...]
Posted in bush, geopolitics, iraq, politics, volatility, war on May 3, 2008 | Leave a Comment »
The Times of London is known to be the sieve of choice for neoconservative news leaks. Given all the concentration of firepower in the Persian Gulf recently, as well as the crackdowns on al-Sadr, and the fact that Bush wants to scare Iran off to some extent before he leaves office, some kind of surgical [...]
Posted in dawn to decadence, dollar, doomsterism, federal reserve, inflation, monetary policy, volatility on April 30, 2008 | 1 Comment »
Forget about NYC ever recapturing London’s financial crown. What sane hedge fund manager would de-privatize all his information, and submit to “surveillance” by the very Praetorians who have exacerbated every shock of the last 20 years?
Treasury eyes stronger powers for Fed
By Gillian Tett in London and Krishna Guha in Washington
Published: April 29 2008 23:23 | [...]
Posted in inflation, monetary policy, shitigroup, volatility on April 29, 2008 | 1 Comment »
via
The Bank of England has imposed a permanent news blackout on its £50bn-plus plan to ease the credit crunch.
Ferocious and unprecedented secrecy means taxpayers will never know the names of the banks that have been supported through the special liquidity scheme, which was unveiled by Bank Governor Mervyn King last week.
Requests under the Freedom of [...]
Posted in geopolitics, volatility on April 27, 2008 | Leave a Comment »
via
… In Washington, nuclear experts were puzzled by the timing and quality of the evidence released by the Bush administration. Democrats suggested hardliners around Dick Cheney, the vice-president, had forced the issue to try to wreck the talks with Kim.
However, there is a more persuasive argument. Analysts in Seoul see the American disclosures as a [...]
Posted in geopolitics, volatility, war on April 25, 2008 | 4 Comments »
U.S., Iran: U.S.-Contracted Ship Fires On An Iranian Vessel
April 25, 2008 1511 GMT
At least one shot has been fired at an Iranian vessel from a ship contracted by the U.S Military Sealift Command, Reuters reported April 25, citing a U.S. military official. No other details were immediately available.
Additionally, Debkafile (yes yes, I know) reports that [...]
Posted in doomsterism, volatility, wall street on April 23, 2008 | Leave a Comment »
the monolines (Ambac and MBIA — remember them?) are going to be the next “crisis” … again. (h/t Alea)
Posted in dollar, doomsterism, volatility, wall street on April 16, 2008 | 1 Comment »
… via Bloomberg:
Banks That Misquote Money-Market Rates to Be Banned (Update1)
By Ben Livesey
April 16 (Bloomberg) — The British Bankers’ Association said it will ban any member deliberately misquoting lending rates at daily money-market operations amid concern that some contributors are providing misleading quotes.
The global credit squeeze has raised concern lenders have been manipulating the [...]
Posted in bush, geopolitics, volatility, war on April 12, 2008 | Leave a Comment »
Today marks the first mass explosion in an Iranian metropolitan area in over a year:
At least eight people have been killed and more than 50 wounded in an explosion in the southern Iranian city of Shiraz, Iranian media reports say.
The blast occurred in a mosque in the city either during or after evening prayers, the [...]
Posted in dawn to decadence, dollar, doomsterism, federal reserve, monetary policy, volatility, wall street on April 12, 2008 | Leave a Comment »
Didn’t see this gem anywhere in US business media. What an Orwellian “surprise” that is.
The Greenspan Fed: a tragedy of errors
Mr Greenspan’s apologia pro vita sua in the Financial Times of Monday, April 7 2008 fails to convince.
The Greenspan Fed (August 1987 – January 2006) did indeed contribute, through excessively lax monetary policy, to the [...]
Posted in volatility on April 11, 2008 | Leave a Comment »
Sample these recent headlines from the Times of London, a leading neoconservative conduit, and a couple of other sources:
Spy images reveal Iran’s ’secret missile site’
Analysis of satellite images reveals a substantial facility for developing ballistic missiles with range of about 6,000k
Bush: Iran is one of two greatest threats to US
President warns Iran that America will [...]
Posted in geopolitics, volatility, war on April 10, 2008 | 1 Comment »
Israel, PNA: Olmert Vows To Strike Hamas After Israelis Killed Near Gaza Strip
April 10, 2008 1934 GMT
Israeli Prime Minister Ehud Olmert said Israel would strike Hamas after two Israeli civilians at an oil terminal that pumps fuel into the Gaza Strip were killed, Reuters reported April 10. “I promise you that the response to Hamas [...]
Posted in dawn to decadence, dollar, federal reserve, inflation, monetary policy, volatility, wall street on April 10, 2008 | 1 Comment »
Greg Ip wrote a momentous column today.
Fed Weighs Its Options in Easing Crunch
By GREG IP
April 9, 2008; Page A3
WASHINGTON — The Federal Reserve is considering contingency plans for expanding its lending power in the event its recent steps to unfreeze credit markets fail.
Among the options: Having the Treasury borrow more money than it needs to fund the [...]
Posted in geopolitics, volatility, war on April 9, 2008 | Leave a Comment »
A bit of bragging is in order …
Israel, PNA: Israel Planning Gaza Strip Invasion
April 9, 2008 2000 GMT
Israel is preparing to invade the Gaza Strip, Israeli sources told Stratfor April 9. No details were given on the exact time frame for the invasion.
Of course, it might not happen and my crowing could prove premature. But [...]
Posted in geopolitics, volatility, war on April 8, 2008 | Leave a Comment »
Lebanon: Israel Jams Phone Network
April 8, 2008 1356 GMT
Israel jammed Lebanon’s telephone network after a nationwide defense drill that Israel launched April 6, Naharnet reported April 8, citing a report in the daily As Safir. As Safir quoted security sources as saying that the jamming operation targeted both land lines and cell phone lines and [...]
Posted in dollar, geopolitics, politics, volatility, war on April 7, 2008 | Leave a Comment »
via neo-conduit WorldNetDaily:
FROM WND’S JERUSALEM BUREAU
Syria: U.S. can
buy our loyalty
For Saudis’ place as chief ally, trade partner,
willing to discuss peace with Israel, Iran ties
Posted: April 06, 2008
11:08 pm Eastern
By Aaron Klein
© 2008 WorldNetDaily
JERUSALEM – If the U.S. helps facilitate billions of dollars in business for Syria [...]
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