• Armstrong Economics: Entering Phase II of The Debt Crisis
    Chopshop
    03/20/2010 - 04:48
    Phinance's phavorite political prisoner, Martin Armstrong, cautions that "the EU is in dire position", on the precipice of shattering. Since "debts will never be paid and interest expenditures are the greatest transfer of wealth in history ... Western society is falling apart ... If we do not act, civil unrest will explode. The current choice is DEFAULT or HIGHER TAXES & CIVIL UNREST ... Someone has to step forward to save us or we may be doomed. It's time to wake up for this is the future of our children and their children at stake. "
  • China's Fragile Economy, Its Housing Bubble, and What It Means To Us: Download
    Econophile
    03/20/2010 - 00:41
    As promised, here is the complete article, "China's Fragile Economy, Its Housing Bubble, and What It Means To Us," in a downloadable PDF. You can download it, print it out, and read the entire piece at your leisure. The conclusions aren't encouraging, for them or us.
  • Europe's Commercial Real Estate Timebomb?
    Leo Kolivakis
    03/19/2010 - 17:00
    Europe faces a commercial property debt timebomb with almost €1 trillion (£896bn) outstanding from the sector and a quarter of that potentially distressed. The UK accounts for 34% of the €970bn total, with Germany second with 24%. Not to worry, global pension funds are busy snapping up properties but do they really know how long it will be before this crisis blows over? And what if it gets a lot worse before it gets better? Are pensions prepared to deal with those losses?

Frontrunning: December 1

Tyler Durden's picture
Submitted by Tyler Durden on 12/01/2009 09:09 -0500



  • No QE yet - Japan to provide more cheap loans, Y10 trillion worth (Bloomberg, AP)
  • AIG reduces government borrowings by $25 billion, by giving gov't more preferred shares (AP)
  • Support best podcaster on the web and vote for The Disciplined Investor (TDI)
  • In wake of Dubai, trying to predict the next blowup (NYT)
  • Sultan Sooud Al Qassemi: This is not the end of the road for Dubai (FT)
  • Gross: The Lehman Brothers of the Persian Gulf (Slate)
  • Morgan Stanley fears UK sovereign debt crisis in 2010 (BBC, Telegraph)
  • Crudele: Markets won't like bad jobs number on Friday (NYPost)
  • Vivendi, GE agree on NBC price, paving way for deal (Bloomberg)
  • World's most expensive office markets get cheaper on job cuts (Bloomberg)
  • Arming Goldman with pistols against the public (Bloomberg)
  • El-Erian: Dubai - What the immediate future holds (PIMCO, h/t Paul)
  • Norges Bank Gjedrem worried over house price risk (Bloomberg)
  • WaMu is gone but the parent is fighting on (WSJ)

 

 

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by mdtrader
on Tue, 12/01/2009 - 09:37
#147551

The next blowup is the S&P 500. It will be blown up to 1200 for Christmas on fresh air.

by Shiznit Diggity
on Tue, 12/01/2009 - 09:37
#147554

See, I told you couldn't assume that QE was a done deal in Japan.

by Careless Whisper
on Tue, 12/01/2009 - 09:58
#147580

Why are Goldman bankers able to get NYC pistol permits while law abiding citizens can't ???

by Art Vandelay
on Tue, 12/01/2009 - 13:26
#147929

I'm going to assume this is a rhetorical question.

by Anonymous
on Tue, 12/01/2009 - 10:20
#147606

AIG payed off debt by issuing preferred shares? Exactly how is this a reduction in debt? They are just shuffling debt from one instrument to another.

by Anonymous
on Tue, 12/01/2009 - 10:45
#147644

AIG lacks sufficient reserves, downgraded:

http://www.nytimes.com/2009/12/01/business/01aig.html?_r=3&adxnnl=1&ref=business&adxnnlx=1259662679-rX/yKkhxOcgYnASUOn6Rgg

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