Archive - Nov 2009 - Blog entry
November 17th
Japan: Not Out of the Woods
Submitted by George Washington on 11/17/2009 15:22 -0500Japan has recovered . . . oh, wait . . .
The Fed Talking About Reducing Leverage Is Like A Crack Cocaine Dealer Handing Out "Just Say No" Stickers
Submitted by George Washington on 11/17/2009 15:18 -0500Or like Smokey the Bear handing out matches ...
ML III Report: Fed feels the pinch of CRE downgrades (just in time for that audit!)
Submitted by EB on 11/17/2009 12:45 -0500Remember those wacky CDO’s that Goldman underwrote, hedged with credit default swaps, then promptly collected 100 cents on the dollar for (courtesy the US taxpayer) after lighting up the AIG switchboard with collateral calls? Kindly, the FRNY released only yesterday its quarterly report on Maiden Lane III.
So what will burst this latest bubble? It may be simpler than you think...
Submitted by Reggie Middleton on 11/17/2009 11:34 -0500
Maybe, it just may be the total collapse in credibility and trust in
the US Federal Reserve and Treasury. I mean, come on. Have you heard the bullsh1t that they spouted in the news this morning? Quick Bloomberg scan:
Yellen Says Unclear If Use of Rates Can Stem Leverage (Update1) ...
Back to the Homebuilders vs. the Banks
Submitted by Reggie Middleton on 11/17/2009 04:23 -0500Do you know who the largest property owner(s) in the US is (are)?
A Sobering Dose of Reality from Economist Steve Keen
Submitted by inoculatedinvestor on 11/17/2009 00:04 -0500Tired of the same old US-based bears such as Nouriel Roubini, Peter Schiff and Doug Kass? Sick of hearing the US is in deep trouble argument from Mark Faber and ex-pat Jim Rogers? Then, for those of you who are not familiar with the most outspoken Australian Nostradamus, let me introduce you to economist Steve Keen.
November 16th
Special Inspector: AIG Counterparty VOLUNTEERED to Take a Haircut, But Geithner Refused
Submitted by George Washington on 11/16/2009 19:49 -0500Timmy Geithner: loyal servant to the big banks.
Bernanke Blames Banks For Slow Recovery and High Unemployment . . . Then Gives Them a Pat on the Back and a Wink
Submitted by George Washington on 11/16/2009 18:30 -0500While Bernanke is criticizing the banks one the one hand, Bernanke is patting the banks on the back with the other hand and giving them a big wink.
Can We Save America?
Submitted by George Washington on 11/16/2009 13:18 -0500Yes . . . but only if we get off our butts.
Deadly flu spreads across Ukraine
Submitted by Project Mayhem on 11/16/2009 09:23 -0500Deadly flu continues spread across Ukraine, criminal World Health Organization lies to the public, MSM maintains radio silence.
Now That the Impairments Are Starting, Will Anyone Bother to Look into How Realistic They Are?
Submitted by Reggie Middleton on 11/16/2009 07:21 -0500The Coming (already came) Land Recession (now depression), Pt II
Submitted by Reggie Middleton on 11/16/2009 06:00 -0500The Coming (already came) Land Recession (now depression), Pt I
Submitted by Reggie Middleton on 11/16/2009 05:56 -0500This is a reposting of part on of an article I published on my blog in October of 2007, over two years ago. Enjoy!
Reggie Middleton's CRE Short List, Part 1
Submitted by Reggie Middleton on 11/16/2009 05:54 -0500The land recession, as foretold over two years ago, the Reggie Middleton CRE short list - round two, and the macro argument behind why most pundits are actually still too optimistic regarding CRE
November 15th
China - The Sleeping Lion Awakened
Submitted by asiablues on 11/15/2009 20:48 -0500When Obama sets foot in China for the first time, he will confront a dramatically altered balance of power between China and the United States. This seismic shift is driven by China's astonishing economic growth over the past two decades and has accelerated during the global financial crisis. Its 9% to 10% annualized GDP growth rate in the past two and a half decades is unprecedented in world history.
