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Below are the 18 most recent journal entries recorded in the "Abu Antos'" journal:| June 20th, 2012 | |
|---|---|
| 12:33 pm [Link] |
Two quotes bank runs can be obviated by deposit insurance because depositors know that if all else fails, the sovereign will pay off the deposits by, if necessary, borrowing money using bonds which, if necessary, will be bought by the central bank using, if necessary, newly printed money. Because of these perceptions, the measures referred to above are almost never "necessary" because there aren't bank runs Philip Mause, The Eurozone Mess Deconstructed: Germany's Legitimate Concern They’d saved the city with gold more easily, at that point, than any hero could have managed with steel. But, in truth, it had not exactly been gold, or even the promise of gold, but more like the fantasy of gold, the fairy dream that the gold is there, at the end of the rainbow, and will continue to be there forever—provided, naturally, that you don’t go and look. This is known as Finance. Terry Pratchett, "Going Postal' Tags: shmeconomy |
| July 13th, 2009 | |
| 02:59 pm [Link] |
“Another Bubble” In Housing? It Could Happen, Says Yale’s Robert Shiller Shiller cites Boston as one area for a potential echo-bubble in housing, noting its typically volatile market did not fall in the past two years as dramatically as "more bubbly" cities like Phoenix. Tags: shmeconomy |
| December 23rd, 2008 | |
| 02:35 pm [Link] | General Motors Corp. and Ford Motor Co. both saw their shares drop more than 16% on Tuesday Comment: We need a stock market where stock can trade at values below zero. Tags: shmeconomy |
| October 24th, 2008 | |
| 10:39 am [Link] |
Ранішняя мудрасьць ад ![[info]](http://lj.rossia.org/img/userinfo-lj.gif) thorion@ljВсе управляющие фондов (mutual fund managers) считали, что нет необходимости бежать быстрее медведя, достаточно бежать быстрее остальных игроков. Hо медведей, однако, хватило на всех. Current Music: Half Japanese - Charmed Life |
| October 7th, 2008 | |
| 03:08 pm [Link] | Guess I'm not the only one comparing D vs R presidents' effect on economy: Despite 'market friendly' Republican policies, stocks rise more and volatility dips under Democrats. what these numbers show almost beyond doubt is that Democrats are better at virtually every economic task that is important to Republicans Data for the whole period from 1948 to 2007 [...] show average annual growth of real gross national product of 1.64 percent per capita under Republican presidents versus 2.78 percent under Democrats. Tags: shmeconomy |
| October 2nd, 2008 | |
| 05:30 pm [Link] |
Bernanke's speeches summarized Our financial system is sound. Our financial system is sound. Our financial system is sound. Our financial system is sound. Our financial system is sound. Our financial system is sound. Our financial system is sound. Our financial system is sound. Our financial system is sound. We may not have an economy on Monday. thx screamager@deadjournal Tags: shmeconomy |
| September 26th, 2008 | |
| 04:52 pm [Link] |
Golden Arches Safer Than Uncle Sam? http://seekingalpha.com/article/97571-g Word on the street is that the credit risk of the Golden Arches are better than Uncle Sam.  VS.  5 Year Credit Default Swaps on McDonald’s Corp are trading at 24 to 29bp while US Credit Default Swaps are trading 30bp. This means that it is more expensive to buy protection against a default of the US government than a bankruptcy of Mickey D. Tags: shmeconomy |
| 09:49 am [Link] |
Representative Marcy Kaptur - Let's Play "Wall Street Bailout" http://www.youtube.com/watch?v=S27yitK3 Transcript: http://www.carrborocitizen.com/main/200 For 30 years in one financial scandal after another, Wall Street game masters have kept billions of dollars of their gain and shifted their losses to American taxpayers. Once this bailout is in place, the greed game will begin again. thx ![[info]](http://lj.rossia.org/img/userinfo.gif) princeofspace
Tags: shmeconomy |
| 09:44 am [Link] |
FDIC May Need $150 Billion Bailout It won't take many more failures before the FDIC itself runs out of money. The agency had $45.2 billion in its coffers as of June 30, far short of the $200 billion Whalen says it will need to pay claims by the end of next year. ... A federal takeover of Washington Mutual, which has assets of $310 billion, could cost taxpayers $24 billion more, according to Richard Bove, an analyst at Miami-based Ladenburg Thalmann & Co. WaMu failed today (see my previous post). So after this FDIC will have half the money it had... Tags: shmeconomy |
| 07:58 am [Link] |
Fun fun fun Today's email from WaMu: WaMu News | The holidays start today. Today's news: JPMorgan Buys WaMu Deposits; Regulators Seize Thrift Tags: shmeconomy |
| September 24th, 2008 | |
| 12:17 pm [Link] |
Patrick on Bailout The Federal Bailout by Governor Deval Patrick I have mixed feelings about the bailout. ( Read more... ) Tags: shmeconomy |
| September 16th, 2008 | |
| 12:21 pm [Link] |
Republicans are good for economy? Let's assume the president does affect the economy. Let's assume Dow Jones is valid approximation for the economy status. Let's assume CPI is a valid approximator for inflation. Let's take the Dow-Jones values at the beginning and end of presidents' terms and compare how Democratic presidents do vs Republicans. (I took DJIA values from http://finance.yahoo.com/q/hp?s=^DJ The results are - during the 7 Republican terms (Nixon, Nixon/Ford, Reagan, Reagan 2, Bush, Bush Jr, Bush Jr 2) DJIA multiplied by 3.667; during the 5 Democratic (JFK/LBJ, LBJ, Carter, Clinton, Clinton 2) - by 4.765; the CPI-adjusted DJIA multiplied by 1.088 under Republicans and by 2.184 under Democrats. So the end result is - any growth caused by Republican presidents is eaten by inflation caused by their excessive spending. Party of small government, indeed. Google Docs: http://spreadsheets.google.com/ccc?k Original spreadsheet: http://syarzhuk.victoryware.com/ima Tags: shmeconomy |
| June 19th, 2008 | |
| 11:13 am [Link] |
RBS issues global stock and credit crash alert http://www.telegraph.co.uk/money/main.j thx princeofspace
Current Music: NPR: Gogol Bordello in Concert |
| April 25th, 2008 | |
| 02:58 pm [Link] |
Rice stash to ease dollar crash Крывавая зграя Буша-Чэйні намагаецца распачаць вайну зь Пэрсыяй, страляе ў пэрсыдзкія караблі. Нафта скакнула да $119 за Тымчасам народ пайшоў рабіць запасы мыла, солі, запалак і рыса Wal-Mart's Sam's Club Restricts Purchase of Some Rice Tags: shmeconomy |
| January 3rd, 2008 | |
| 04:00 pm [Link] |
Зато мы делаем ракеты Toyota Passes Ford As 2nd-Biggest Auto Seller in US in 2007, Ending Ford's 76-Year Lock Ford, Jaguar's owner, might sell the British luxury car brand [Jaguar] to an Indian firm. Two of the three firms that Ford has shortlisted as potential purchasers are Indian: Mahindra & Mahindra and Tata Motors. Tags: shmeconomy |
| November 7th, 2007 | |
| 07:40 am [Link] |
Скоро Америке кирдык будет? When I start seeing rap stars flashing euros instead of U.S. dollars, I know our economy is in trouble. Is Jay-Z signaling a recession? thx screamager Tags: shmeconomy |
| October 24th, 2007 | |
| 10:35 am [Link] | Sales of existing homes plunged by a record amount in September as turmoil in mortgage markets added more problems to a housing industry in its worst slump in 16 years.
Tags: shmeconomy |
| October 11th, 2007 | |
| 10:35 am [Link] |
Пачынаецца / It's starting up Home Foreclosures Doubled in September on Loan Rates Update: United States of Subprime Tags: shmeconomy |