2008 – 2009: Crisis and Recovery
Wednesday, 10 February 2010 | 2:58 pm
Having attended various lectures by academics, regulators, central bankers and investors in the opening weeks of 2010, and being surprised at the diversity of views among the experts, I thought to look back at the 2008 credit crisis in a bit more detail to see what I missed. I tried to look back at the
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Initial Jobless Claims: Data issues
Tuesday, 09 February 2010 | 2:58 pm
The equity markets have been weak on the sovereign risk scares in Greece, Spain and Portugal. As much as this, employment numbers in the US have now come in below forecast in the last 4 weeks. People out of work tend to stop their efforts in December as the year comes to a close because
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Its All Greek To Me
Monday, 08 February 2010 | 7:47 am
January 2010 was a bad month for investing. Markets fell from equities to credit to commodities. The USD was strong by default. Fears of a sovereign default by Greece was blamed for the general de-risking.
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Why China is Screwed
Saturday, 06 February 2010 | 2:05 am
The US owes China 1 trillion bucks. Is it any surprise that China wants a stronger USD? The US government is broke. China cannot buy CDS protection on the US. It would have to buy it from a strong credit. Which counterparty could write 1 trillion USD worth of protection? Well, China, but that’s stupid. The
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Regulation of Banks
Tuesday, 02 February 2010 | 1:29 pm
There is an opportunity here to eschew heavy handed regulation. The public are clearly incensed at the behaviour of the bankers and prop traders. The people are disappointed at the level of diligence and care that their bankers have applied in the conduct of their businesses. The opportunity exists today for regulators to demand nothing
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