• Pivotfarm
    04/20/2014 - 17:08
    As the audience went from laughter to applause, Vladimir Putin responded to the question that he had just read out on a televised debate in Russia. What was the question?

rcwhalen's blog

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Default, Deflation and Financial Repression





There is no free lunch.  Either we kill growth via financial repression of savers or we embrace the painful process of debt restructuring for the major industrial nations.

 


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Debt Deflation and the Illusion of Wealth





Are we all wealthier because the Dow is at ~ 15,000?  Should Katee Sackhoff be the next Fed Chairman?

 


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Mortgage Market Slump: Is it Interest Rates or Jobs and Consumer Income?





Investors need to stop listening to the happy talk coming from the economists, and start focusing on what banks and other lenders are saying and doing operationally to adjust for the mortgage market of 2014 and beyond.  

 


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David Kotok: Reflection on 9/11





A dozen years have passed. Memory doesn't fade. In some ways, the events remain as vivid today as they were that September morning.

 


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Soft Landings and Other Collective Delusions





Ian Buruma: “The truth can be brutal, and makes life uncomfortable.  So one looks the other way.” 

 


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Are Fannie Mae and Freddie Mac Really Profitable? Really?





Not only does FNM seem to be unprofitable under the new FHFA guidance, but payments made to Treasury might need to be reversed. 

 


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Achim Dübel: A Corner Turned in the EU Banking Crisis?





"We have documented significant fiscal losses caused by preferential treatment of bank creditors of gone concern banks..."

 


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Are Big Banks Outbidding Investors for Florida REO? NO!





Banks are NOT looking to hang onto REO property.  Read Basel III.  150% risk weight for distressed... 

 


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Q2 2013 Financials Earnings: The Cost of Quantitative Easing





By pursuing QE too long, the FOMC has engineered a repeat of the periods of market losses and negative accrual that nearly crushed the banking industry in the 1970s and 1980s, only worse. 

 


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