"...market fundamentalism for the last 25 or so years. And now that world is collapsing... " (2)
share
digg
by
[expletive deleted] (3)
on
MetaFilter (428)
9 hours, 7 minutes
ago
permalink
Bill Moyers interviews George Soros on the financial crisis. Soros discusses market fundamentalism and the causes of the current crisis, as well as what can be done, and how this meltdown will change the global economy. (via The Big Picture) It begins with Moyers violating the behavioral norms of modern journalism:In the interest of full disclosure, you should know that I served three years on the board of George Soros' foundation, the Open Society Institute, ...
The Bell Now Tolls for Social Networks (5)
share
digg
by
Kevin Kelleher (14)
on
GigaOM (910)
15 hours, 30 minutes
ago
permalink
I blame David Hasselhoff. Everything was going fine for the web — the financial world had been unwinding its overleveraged excesses for nearly a year without nary a ripple into Silicon Valley — until the launch of HoffSpace, a social network revolving around the oogachaka-ing, burger-wagging actor. Some bloggers called it a bizarre nightmare. Others decried it as the end of social networks. They were probably joking. But they were right. Hoffspace showed once and ...
ウォールストリート日記 : Lehman破綻の代償？ (1)
share
digg
on
はてなブックマーク 最近の人気エントリー (203)
23 hours, 51 minutes
ago
permalink
Lehman Brothersが９月半ばに経営危機に陥った際、アメリカ金融当局が下した決断は、「救済なし」でした。巨額の損失を抱えて流動性危機に陥りつつあった同社を、アメリカ政府の保証なしに救済出来る体力のある金融機関は存在せず、158年の歴史を持つ大手投資銀行は、あっさりと破綻に追い込まれました。 巷からは、「モラルハザードを起こさないためにやむを得ない」、「ミ...
Grain piling up in Canadian ports (1)
share
digg
by
Katie Hunter (2)
on
FP Passport - blogging on global news, politics, economics, and ideas (124)
1 day, 14 hours
ago
permalink
Still think the global credit crunch is all about the TED spread and collateralized debt obligations? Think harder. Export-bound grain has started piling up in Canada as sellers have begun refusing to trust the credit lines and financial institutions linked to their foreign buyers.The problem is that Canada's export cargoes don't get loaded until buyers can prove their ability to pay -- proof that has been increasingly hard to come by in the wake of ...
The federal government and the CMHC enter the fray (1)
share
digg
by
Stephen Gordon (12)
on
Worthwhile Canadian Initiative (8)
1 day, 21 hours
ago
permalink
From a story in today's Globe and Mail:The federal government is moving to backstop the Canadian banks' capacity to lend money in an acknowledgment that not even the country's sturdy banking system is immune to the global financial crisis. A plan originally earmarked for Friday morning would see the government assume some mortgages currently held by the banks by giving them to the Canadian Mortgage and Housing Corp., a Crown corporation. In turn, the banks ...
Another potentially huge settlement day for CDS contracts ... (1)
share
digg
by
mutant (2)
on
MetaFilter (428)
1 day, 23 hours
ago
permalink
Credit Default Swaps (CDS) are derivative instruments providing the purchaser with protection against default on an underlying financial asset. When Fannie Mae and Freddie Mac technically defaulted on September 7th there was much speculation that the CDS market would collapse as a result of protection being invoked on $1.4 trillion dollars worth of debt. On October 6th these derivative contracts settled, and the CDS market didn't collapse with recovery rates of 92% being observed. Today ...
Will the US Fashion a Smarter Bailout Plan? (1)
share
digg
by
Barry Ritholtz (362)
on
The Big Picture (922)
2 days, 18 hours
ago
permalink
So far, we in the US have had an ad hoc, half-assed, on-the-fly approach to resolving the credit and financial crisis. The smartest bailout approach to date has been the British/Swedish/Buffett approach: Inject capital at a corporate capital structure level by buying preferred stock, rather than at the balance sheet level by buying bad assets. Now, we read that the Treasury is considering following these other, smarter approaches:"Having tried without success to unlock frozen credit ...
If you had purchased... (1)
share
digg
by
ed notes online (2)
on
Education Notes Online (2)
3 days, 5 hours
ago
permalink
..... $1,000 of shares in Delta Airlines one year ago, you would have $49.00 today.......$1,000 of shares in AIG one year ago, you would have $33.00 today.......$1,000 of shares in Lehman Brothers one year ago, you would have $0.00 today.But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the aluminum cans for recycling refund, you would have received $214.00.Based on the above, the best current ...
Why Don't Economics Textbooks Focus on Financial Crises? (3)
share
digg
by
Stephen J. Dubner (92)
on
Freakonomics (305)
3 days, 19 hours
ago
permalink
That's the good question posed by the always-thoughtful David Warsh, proprietor of Economic Principals. Here is his lead: How peculiar is it that the leading introductory economics texts scarcely mention the cycles of manias, panics, and crashes that have been a familiar feature of global capitalism since its emergence in the 17th century? No propensity to bubble [...]
Thoughts on the Financial Crisis (11)
share
digg
by
Tim O'Reilly (173)
on
O'Reilly Radar - Insight, analysis, and research about emerging technologies (641)
3 days, 19 hours
ago
permalink
The other day, we received a blistering email from a Radar reader complaining about our silence on the subject of the economic meltdown. I wrote back: There are a lot of people bloviating about the financial crisis. It's outside of our area of expertise, so there didn't seem to be a lot of urgency to add to the hot air. Even professional economists and financial experts disagree on where this is going. I've been reading ...
-
Marc said:
I don't see a silver lining, I see a rainbow lining!
-
griflet said:
Damn, I envy those guys working at Radar O'Reilly: they really have a great leader!
We’re on the “Edge of the Abyss” (2)
share
digg
by
Mike Whitney (5)
on
Dissident Voice (11)
4 days, 7 hours
ago
permalink
[We're on] “the edge of the abyss.” – French Premier Francois Fillon Years from today, when the current financial crisis is over, historians are likely to agree that it would have been far better if the Bush administration had declared a state of emergency earlier in the process so that the necessary steps could have taken to avoid a complete financial meltdown. The media could have been used to bring the American people up to ...
The impact of the bailout: Past Chief NAR Economist speaks up live! (1)
share
digg
by
Daniel@StrongTeamRealtors.com (Daniel Rothamel, REALTOR) (10)
on
The Real Estate Zebra (10)
4 days, 15 hours
ago
permalink
Justin Zimmerman is a guy a met a few months back when he asked me to participate in his webinar series, Good Morning Real Estate (affiliate link). I was glad to help, and was able to give a presentation about social media in real estate. Justin has been building up buzz for the official launch of Good Morning Real Estate by conducting live teleseminars with some big players in the real estate industry. On Thursday ...
Martin Feldstein on the Financial Crisis - Freakonomics - Opinion - New York Times Blog (2)
share
digg
by
Steven D. Levitt (70)
on
Freakonomics (305)
4 days, 19 hours
ago
permalink
Writing in The Wall Street Journal, highly respected economist Martin Feldstein proposes that the government provide low-interest loans to consumers in return for mortgage debt. These government loans would not be secured by the borrower's home. The loan would need to be paid back even if the home goes into foreclosure and would not [...]
Discount Notebook Prices Could Rise Before Christmas (1)
share
digg
on
Lifehacker Australia (176)
5 days, 7 hours
ago
permalink
Unsurprisingly, it's not only software prices that are rising in the wake of global economic hiccups. Mahesh Sharma and Mitchell Bingemann at AustralianIT report that prices are likely to go up on lots of consumer electronics as well. That applies even in the price-sensitive entry-level subnotebook market, as IDC analyst Felipe Rego explained to the paper: If it is a macro-economic problem, not only the sub-$1000 products will face price pressure, but also the next ...
"There will be enormous, enormous losses..." (2)
share
digg
by
justkevin (3)
on
MetaFilter (428)
5 days, 11 hours
ago
permalink
This American Life gives you Another Frightening Show About the Economy.. The guys who brought us The Giant Pool of Money (previously) explain the credit crunch and why it's so scary. And not in the Halloween fun-to-be-scared sense.
A Recession's Impact: Lower Expectations Across the Board (9)
share
digg
by
louisgray@gmail.com (louisgray) (207)
on
louisgray.com (390)
5 days, 16 hours
ago
permalink
The stock market is a disaster. Banks are going under, and massive financial institutions are being bailed out. Companies are announcing hiring freezes and layoffs. And just about everybody has less money now than they did last month, or the one before that. While many of these perceived losses are quantifiable (on paper), more widespread are the losses that cannot be quantified, as people and companies cast off their optimism, and exchange it with a ...
Know When to Can Your Financial Planner [How To] (2)
share
digg
by
Kevin Purdy (3392)
on
Lifehacker (12184)
5 days, 17 hours
ago
permalink
Former financial planner Nora Dunn knows that lots of folks are itching to do something after seeing their latest investment statements—maybe to the point of axing their advisor. Not a great idea, she writes, unless he or she is unresponsive, pushy, or, even worse, trying to sell you a fortune-telling service: If they call you wanting to make drastic changes based on what they think the market is going to do, run. What they should ...
Will somebody please leave this poor woman alone? (2)
share
digg
by
Blake Hounshell (45)
on
FP Passport - blogging on global news, politics, economics, and ideas (124)
5 days, 20 hours
ago
permalink
Granted, there are only so many ways photographers can show a stock market in decline. Still, couldn't the folks at Getty Images leave this poor German trader alone and find someone else to use as a stand-in for an entire continent's economic fears?Here she is earlier today, a terse, worried look on her face as Germany's DAX Index plunges to its lowest point since July 2006: Mario Vedder/Getty Images Here she was on Sept. 30 ...
