カテゴリ:Economy( 16 )

もう無茶苦茶でんがな

Bloombergより:
Investors seeking the safety of government debt amid the loss of confidence in credit markets pushed rates on three-month bills today to 0.387 percent, the lowest level since 1954. Institutions worldwide have reported $195 billion in writedowns and losses related to subprime mortgages and collateralized debt obligations since the start of 2007, making firms reluctant to hold anything but Treasuries as collateral on loans.

なんか凄いことになってます。

追記:3/23 リンク修正しました。
[PR]
by stupid-market | 2008-03-21 08:42 | Economy

Deep Sushi

Paul Krugmanのブログより:
So let us all praise expected inflation. Without it, we’d already be in deep sushi.

"deep sushi"ってなんやねん。
[PR]
by stupid-market | 2008-03-11 10:18 | Economy

Pawnbroker of Last Resort

Paul Krugmanのブログより:
And the Fed is afraid that this will lead to a vicious spiral of financial collapse. So it’s responding by doing something different from normal monetary policy: by lending to banks with securities as collateral, it is arguably in effect buying securities other than T-bills. [Add: Waldman calls the Fed “Wall Street’s genial pawnbroker”, and one of Yves Smith’s commenters goes one better and calls the Fed the “pawnbroker of last resort.” Ouch!]

Pawnbrokerというのは質屋のことです。全くなんてこった。
[PR]
by stupid-market | 2008-03-09 09:57 | Economy

really, really scary

Paul Krugmanのブログより:
So what should be done? I’m not sure (and I’m thinking about it, hard.) For now, I’d just say that this is really, really scary.

ああ、恐ろしや。
[PR]
by stupid-market | 2008-03-09 09:35 | Economy

Feldstein

The Wall Street Journalより:
The government would fund these loans by issuing new two-year debt and rolling over the debt until the loans are fully repaid, thus eliminating any net cost to the government. The government loans would not add to the budget deficit or to the net debt of the nation. Gross government debt would rise by the amount of the new government lending, but this would be balanced by the asset value of those loans.

アホ過ぎないですか?Feldstein教授。日本版SWFを推進するアホと同じようなこと言ってます。国が借り入れして、20%の住宅ローンを肩代わりし、ローンの金利を追加発行した国債と同じレートにすれば、債務者達も助けられると同時に「国もコストが掛からない」とタワケタことを言ってます。ホントにコストが掛からないなら100%国が肩代わりすればよいのでは?しかし、これでハーバードの経済学の教授とは。アホ過ぎる。
[PR]
by stupid-market | 2008-03-08 12:53 | Economy

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