Saturday, March 29, 2008
Thursday, March 27, 2008
Recent newspage updates
From "The Big Picture" blogDumping of US treasuries imminent, starting with Korea, says Burnick
Don Boudreaux interviewed (by a colleague) on his liberal econ book "Globalization"
"Not until total debt comes down to a realistic number can a real recovery take place. If debt is to be destroyed to that magnitude the deflation will be monstrous."
Mish: "Germany fears global meltdown"
Hutchinson: new financial system by 2013
Derivatives: Banking capital "insufficient to handle even one per cent of potential losses."
"Matt" on US M3, the money supply, inflation
California realtors report house prices collapsing (htp: Drudge Report, LA Times)
Skills shortgage hampering US job repatriation, says AT&T chief (htp: Drudge Report)
KPMG criticised for allegedly poor auditing of failed US mortgage firm (htp: Drudge Report)
2008 US durable goods report: semiconductors down sharply since New Year (htp: Karl Denninger)
Monty Guild: stock rally if mortgage bond market stabilises; invest in non-leveraged areas
Wednesday, March 26, 2008
USA - Economy (latest in RED)
Dumping of US treasuries imminent, starting with Korea, says Burnick
"Matt" on US M3, the money supply, inflation
California realtors report house prices collapsing (htp: Drudge Report, LA Times)
Skills shortgage hampering US job repatriation, says AT&T chief (htp: Drudge Report)
2008 US durable goods report: semiconductors down sharply since New Year (htp: Karl Denninger)
Brad Setser presentation (Sept 2006): "Chinese Financing of the United States"
"Naked Capitalism"blog: "China now buys a lot of US debt through London..."
In 2007, UK increased holding of US public debt by 224% to $300 bn, Japan reduced by $50 bn
Major sectors of US economy already in foreign hands
"Matt" on US M3, the money supply, inflation
California realtors report house prices collapsing (htp: Drudge Report, LA Times)
Skills shortgage hampering US job repatriation, says AT&T chief (htp: Drudge Report)
2008 US durable goods report: semiconductors down sharply since New Year (htp: Karl Denninger)
Brad Setser presentation (Sept 2006): "Chinese Financing of the United States"
"Naked Capitalism"blog: "China now buys a lot of US debt through London..."
In 2007, UK increased holding of US public debt by 224% to $300 bn, Japan reduced by $50 bn
Major sectors of US economy already in foreign hands
Sub-prime and Credit Crunch (latest in RED)
"IMF states that the UK is particularly exposed to the current crisis"
"Not until total debt comes down to a realistic number can a real recovery take place. If debt is to be destroyed to that magnitude the deflation will be monstrous."
Mish: "Germany fears global meltdown"
Hutchinson: new financial system by 2013
Derivatives: Banking capital "insufficient to handle even one per cent of potential losses."
California realtors report house prices collapsing (htp: Drudge Report, LA Times)
KPMG criticised for allegedly poor auditing of failed US mortgage firm (htp: Drudge Report)
More on the "sucker clause"
Denninger: JPM may have been forced to bid more for Bear Stearns by trick clause
Subprime explained using stickman cartoons (htp: Neatorama)
"Wat Tyler": UK GDP to fall 1.3%
Wagner: Goldman thinks recession means 30% house price drop, 39% mortgages in negative equity
Amerman: 2007 subprime a prelude to much bigger potential crisis
Denninger: house prices to fall 15% - 50%
"Not until total debt comes down to a realistic number can a real recovery take place. If debt is to be destroyed to that magnitude the deflation will be monstrous."
Mish: "Germany fears global meltdown"
Hutchinson: new financial system by 2013
Derivatives: Banking capital "insufficient to handle even one per cent of potential losses."
California realtors report house prices collapsing (htp: Drudge Report, LA Times)
KPMG criticised for allegedly poor auditing of failed US mortgage firm (htp: Drudge Report)
More on the "sucker clause"
Denninger: JPM may have been forced to bid more for Bear Stearns by trick clause
Subprime explained using stickman cartoons (htp: Neatorama)
"Wat Tyler": UK GDP to fall 1.3%
Wagner: Goldman thinks recession means 30% house price drop, 39% mortgages in negative equity
Amerman: 2007 subprime a prelude to much bigger potential crisis
Denninger: house prices to fall 15% - 50%
China's need to expand territory (latest in RED)
Chinese strategic interest in Tibet, and also the Indian region of Arunachal Pradesh
Chinese incursions into Arunachal Pradesh (2007 story)
"China Watch" from Jane's Intelligence Review
Official Chinese government website (incl. environment & international issues)
China angling for territory swap with India
Russia's north-eastern border with China: future tensions?
"Maps published in China show Burma as part of Chinese territory"
Unsustainable exploitation of Tibet's natural resources by China
Lovelock: "China uninhabitable by 2040"
Dr William Gray disagrees, predicts cooling within next 10 years (audio)
Chinese agricultural production "could drop 10% by 2050" because of climate change
Climate change in Tibet threatening East Asia's water supply
Chinese incursions into Arunachal Pradesh (2007 story)
"China Watch" from Jane's Intelligence Review
Official Chinese government website (incl. environment & international issues)
China angling for territory swap with India
Russia's north-eastern border with China: future tensions?
"Maps published in China show Burma as part of Chinese territory"
Unsustainable exploitation of Tibet's natural resources by China
Lovelock: "China uninhabitable by 2040"
Dr William Gray disagrees, predicts cooling within next 10 years (audio)
Chinese agricultural production "could drop 10% by 2050" because of climate change
Climate change in Tibet threatening East Asia's water supply
Investment (latest in RED)
John Mauldin: p/e ratio a predictor of bull/bear markets; detailed guidance on investment principles
From "The Big Picture" blogMonty Guild: stock rally if mortgage bond market stabilises; invest in non-leveraged areas
Faber: historically, volatility bad for investors - stay out, take your girl on holiday
Falling US dollar threatens yen "carry trade", could trigger investment crisis
Gold a haven in crisis, NOT a long-term inflation-adjusted investment
Henry To: Cash-to-equity ratio at 20-year high, US stock market "oversold"
Denninger: Deleveraging of hedge funds may hit equities, commodities
Saturday, March 22, 2008
Inflation - UK (latest in RED)
UK M4 accelerated in past 5 years
Prof. Costas Milas: M4 money supply growth up to 10% p.a. not significantly inflationary
M4 expansion offset by declining velocity of money (see 2005 slide below) (plus UK M4 in £billions, below, right)
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BoE Bulletin (Q3 2007): "Interpreting Movements in Broad Money"
Prof. Costas Milas: M4 money supply growth up to 10% p.a. not significantly inflationary
M4 expansion offset by declining velocity of money (see 2005 slide below) (plus UK M4 in £billions, below, right)
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.
.
.
.
.
.
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BoE Bulletin (Q3 2007): "Interpreting Movements in Broad Money"
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