カテゴリ:Economy( 16 )

Krugman on Oil Price

I’m willing to listen to serious arguments about how speculation might be affecting the price, but you do see a lot of dumb stuff. And this is really, really dumb.

by stupid-market | 2008-06-24 07:39 | Economy

Reverse is true

A decade ago, Japanese banks were being shunned in the global capital markets because of concerns about their backlog of bad loans. Now, in a bizarre twist arising from the credit crisis, the reverse is true.

このみちーはー♪ いつか来たみちー♪
by stupid-market | 2008-04-04 09:59 | Economy

$232 Billion, so far

The following table shows the $232 billion in asset writedowns and credit losses since the beginning of 2007, including reserves set aside for bad loans, at more than 45 of the world's biggest banks and securities firms.

by stupid-market | 2008-04-02 11:35 | Economy


The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.

by stupid-market | 2008-03-30 02:00 | Economy


Nikkei Netより:

by stupid-market | 2008-03-28 13:14 | Economy

Arbitrage Opportunity?

But on dozens of occasions since early 2006, the futures contracts for corn, wheat and soybeans have expired at a price that was much higher than that day’s cash price for those grains.

by stupid-market | 2008-03-28 11:36 | Economy

Cross Your Fingers

WSJ: How do you know what's safe?

Mr. Gross: You don't always. That's why you stick to the highest-quality investments. We were recently a big buyer of municipal bonds, one-billion-plus. How did we know we paid the best price? We didn't. What we did know was that these are double-A quality credits that have very little chance of going bankrupt. We jumped in and crossed our fingers.

by stupid-market | 2008-03-24 12:55 | Economy

Un-Fair Value Accounting

For several quarters, all the investment banks have been taking gains on its liabilities. Say you owe $100 to your friend. But you run into severe problems and your friend starts to figure you can only afford to pay back $95. If you were an investment bank, the magic of fair value accounting dictates that you could get to reduce your liability. What’s more, that $5 gain gets added to earnings. Because investors thought Lehman was more likely to default, its liabilties fell in value and Lehman garnered earnings from this. How much did Lehman win through losing? $600 million in the quarter. How much was its net income? $489 million.

by stupid-market | 2008-03-21 12:13 | Economy

Ben's House

The value of Bernanke's home "probably went up to $1.1 million and it's probably back down to $840,000,'' because prices in Washington just a couple years ago "got out of control,'' Wheaton said.

by stupid-market | 2008-03-21 09:38 | Economy

America Premium

The last time the swap moved in this fashion was back in the 1990s, when concerns about the Japanese banks prompted the so-called “Japan premium.”

Now the situation appears reversed. Counterparty concerns about the US banks may have prompted funds to start unwinding their trades. Now it’s starting to look like a stampede to get out, with no bid on the swap.

by stupid-market | 2008-03-21 08:53 | Economy