UK M4 stats (click to enlarge)

Beakernomics: house prices

Beakernomics: world income

Globalization (latest in RED)

Don Boudreaux interviewed (by a colleague) on his liberal econ book "Globalization"

Recent newspage updates

From "The Big Picture" blog




Dumping 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

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

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%