Share
I have a friend who is a very unusual and cosmopolitan blend. Satoshi is a Japanese guy who grew up in the deep south in New Orleans who I met when we worked together at a German bank in the high yield market in London ten years ago.
He has this expression he always used [...]
quote of the day's tag archives
Don’t think, react
Aug
Quote of the day: China hopping mad about GSEs
Aug
Share
At the end of last week, the warning came. The Chinese officially warned Hank Paulson et al. that they better get their act together on Fannie and Freddie. The Chinese own a ton of GSE paper and they would be hopping mad to see their investments lose value.
The implicit threat is that the Chinese [...]
Quote of the day: trickier than LTCM
Aug
Share
On Friday, Bloomberg quoted a former LTCM partner as saying the $1.9 trillion hedge fund industry faces “much worse” conditions than in 1998, when Long-Term Capital Management LP collapsed.
“It’s definitely a trickier environment. The market is much worse that it was in 1998. Then it was just LTCM, but this impacts everybody.”
-Hans Hufschmid, former partner [...]
Record high in part-time work
Jul
Share
The number of Americans who have seen their full-time jobs chopped to part time because of weak business has swelled to more than 3.7 million — the largest figure since the government began tracking such data more than half a century ago.-NY Times, A Hidden Toll on Employment: Cut to Part Time, [...]
Jeremy Grantham: “I am officially scared”
Jul
Share
“I am officially scared. In 2000, we had a technology bubble. But this is massive, a massive credit crisis and a bubble in global housing, global equity and global land.”
-Jeremy Grantham as quoted by Chicago Tribune
George W. Bush: “There is no question about it. Wall Street got drunk”
Jul
Share
Talking about the financial markets and the housing mess, George W. Bush offered up these pearls of wisdom:
“There is no question about it. Wall Street got drunk…. That’s one reason I asked you to turn off your TV cameras….[Wall Street] got drunk and now it’s got a hangover……The question is, how long will it [take [...]
Quote of the day: 20 Jul 2008 – James Grant
Jul
Share
Have we, too, not suffered at the hands of what used to be called The Interests? Have the stewards of other people’s money not made a hash of high finance? Did they not enrich themselves in boom times, only to pass the cup to us, the taxpayers, in the bust? Where is [...]
Quote of the day: 19 Jul 2008 – Abraham Lincoln
Jul
Share
“The legitimate object of government is to do for a community of people whatever they need to [...]
Quote of the day: 18 Jul 2008 – Caroline Baum
Jul
Share
In her column at Bloomberg News, Baum had this to say about the financial bailout solutions proposed by the U.S. government.
How do we know the market failed if we don’t allow it to work? Capitalism without failure is like religion without sin…… And no, none of [the bailout proposals] are solutions for a [...]
Quote of the Day: Jim Bunning
Jul
Share
In his prepared remarks at the Senate Banking Committee, Jim Bunning had a classic line.
When I picked up my newspaper yesterday, I thought I woke up in France. But no, it turns out socialism is alive and well in America.-Bunning Senate Website, 15 Jul 2008
France is always a good target in the US.
Subscribe
Search
Random Quote
- “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
-- Citigroup CEO Chuck Prince, Jul 2007 FT
Polls
- Sorry, there are no polls available at the moment.
Recent Posts
- Stat of the Day: Home loan delinquencies going bad faster than fixes
- Whitney: The housing market surely will double dip
- Wall Street vs. Main Street: Recessions and Depressions
- US Criticism Of China to Intensify
- Waiting For Something To Turn Up: Europe's Looming Pensions-based Sovereign Debt Crisis
- And From Berlin Down to Beijing, Can’t You Just Hear Those Factories Hum?
- Links: 2010-03-16 – More on Lehman’s accounting fraud
- Strategic default: In come the waves again
- Japan - Defying Gravity?
- Gallup: Obama’s approval at new low because of 12% Republican approval
Tweet Blender
- edwardnh: Stat of the Day: Home loan delinquencies going bad faster than fixes: Credit Writedowns http://bit.ly/aSujd6 $$
13 minutes agoedwardnh: California Could Tank Short Sale Stimulus -Diana Olick - CNBC: http://bit.ly/boLYJk $$
28 minutes agoedwardnh: Now that Greece has promised austerity measures, a bailout will be arranged ONLY if bankruptcy is near http://bit.ly/bHddjc
57 minutes agoedwardnh: This post is holding up well: The Germans will not bail out Greece http://bit.ly/d0JrKI This issue will hot up again.
58 minutes ago
Blog Rating
Average blog rating:
9.3
407 votes cast for 198 posts
Tip Jar
Research
Casey Research: Sooner or Later, You’ll Invest Abroad
Casey Research: Will Obama Destroy Any Hope of U.S. Energy Independence?
Casey Research: An Insider’s View of the Real Estate Train Wreck
Casey Research: Vintage Wine Turns Sour for Financiers
Casey Research: What’s a Company's Gold Worth?
Casey Research: The Other Oil Play You Simply Can't Ignore
INO: A Quick Peek at Crude Oil
INO: Make Some Sense of Today's Gold Market
Resources
Popular Posts
- Alpert: Two years until we see market-clearing prices in housing market
- Strategic default: In come the waves again
- Leading PIIGS to Slaughter
- Gallup: Can’t Get No Satisfaction
- German Exports and that Looming Double Dip
- Spain’s debt woes and Germany’s intransigence lead to double dip
- You Like the Greenback, You Might Like Canada More
- Links: 2010-03-10 – Mortgage writedowns, bank levies, gold bubble and more
- A few comments on this blog’s harsher tone about the credit crisis
- Retail Sales Much Stronger than Expected
Most Viewed
- Credit Crisis Timeline
- Switzerland threatened with bankruptcy
- Letterman’s Top 10 George Bush moments
- Is the State of California bankrupt?
- The Dummy’s Guide to the US Banking Crisis
- Marc Faber: I advise every American to hold his gold outside of the United States
- Top ten predictions for the 2009 global economy
- Byron Wien: Ten Surprises for 2009
- Chart of the day: Dow 1928-1932
- The recession is over but the depression has just begun
- The Swedish banking crisis response – a model for the future?
- Quantitative easing: printing money like mad to ward off deflation
- About
- The top 25 European banks by assets
- Lehman Brothers: a primer on Credit Default Swaps
- Marc Faber: China’s numbers are fake
- California will go bankrupt
- Chart of the day: Total US Debt
- Currency crisis is gathering storm
- The TED Spread
Highest Rating
Is the recession dating committee preparing for a double dip? (4 votes)
New York Times caught copying financial blogs (4 votes)
The mindset will not change; a depressionary relapse may be coming (13 votes)
The recession is over but the depression has just begun (5 votes)
The Fake Recovery (5 votes)
Readers of this blog expect the recession to last redux (5 votes)
Randall Wray: Fire Geithner Now! (4 votes)
The Age of the Fiat Currency: A 38-year experiment in inflation (4 votes)
On the sovereign debt crisis and the debt servicing cost mentality (3 votes)
Bill Black and The Federal Reserve’s War Against Effective Regulation (3 votes)
Translate
- Powered by Google Translate.




