2008年 03月 04日 ( 4 )

No Greek Gods in the Market

Bloombergより:
Greece closed its stock and bond markets after central bank employees went on strike for a second straight day, joining subway and utility workers in national protests against pension reform.

ありえねぇ。
[PR]
by stupid-market | 2008-03-04 22:57 | Monetary Policy

Economists are smart

Slateより:
If you get to live in a nice home for a few years and then lose it to foreclosure, you are not worse off than someone who never got to live in a nice home in the first place.

こんなこと言うから経済学者は嫌われるのです。まあ、本人は自覚しているようですが。
[PR]
by stupid-market | 2008-03-04 14:19 | Economy

Big Loss of the Day? --- HSBC

New York Timesより:
HSBC's pretax profit rose 10 percent last year, driven by buoyant growth in Asia which helped Europe's biggest bank absorb $17.2 billion in bad debts as the U.S. housing crisis deepened.

172億ドル(1兆8千億円)もサブプライム関連を計上しながら、最高益を更新だそうです。あまりに金額が大きすぎて理解不能です。
[PR]
by stupid-market | 2008-03-04 13:36 | Derivative

Hangover

クルーグマンのブログより:
There’s an old joke that Jacob Frenkel, formerly of Chicago and then the Bank of Israel, used to tell to illustrate the fallacy of thinking that you always have to do the opposite of what caused the initial problem. A driver runs over a pedestrian; he looks back, realizes what he’s done. “I’m so sorry,” he says. “Let me fix the damage.” So he backs up, running over the pedestrian a second time.

二日酔いの朝には迎え酒が効くと言うのと似てますね。ちょっと違うような気もしますが。
[PR]
by stupid-market | 2008-03-04 11:17 | Monetary Policy