Monthly Archives: September 2007

The Wall Street Journal Touts Dubious Research (CEO Performance Edition)

Posted on September 5, 2007 by Felix

Yves Smith at Naked Capitalism submits: Will someone, please, teach the reporters at the Wall Street Journal the basics about scientific research? I know it’s hard finding stuff to write about day in, day out. But the story “Scholars Link … Continue reading →

Posted in governance, Media | Comments Off on The Wall Street Journal Touts Dubious Research (CEO Performance Edition)

More Cheery Housing Charts

Posted on September 5, 2007 by Felix

Yves Smith at Naked Capitalism submits: Michael Shedlock, of Mish’s Global Economic Trend Analysis, provides some uplifting charts and commentary that should quash any doubts that this housing cycle is worse than its predecessors: ….this housing cycle looks different than … Continue reading →

Posted in Portfolio | Comments Off on More Cheery Housing Charts

The Barriers to Bottom Fishing

Posted on September 4, 2007 by Felix

Yves Smith at Naked Capitalism submits: John Dizard, in today’s Financial Times, tells us why, despite the fact that a lot of fixed income paper is on offer at very cheap prices, no one seems to be stepping to the … Continue reading →

Posted in bonds and loans, hedge funds, investing | Comments Off on The Barriers to Bottom Fishing

Will Asking Mortgage Servicers to Modify Mortgages Have Much Impact?

Posted on September 4, 2007 by Felix

Yves Smith at Naked Capitalism submits: Bloomberg tells us that the Fed and the Treasury made a joint statement today asking mortgage servicers to take a more proactive stance, identify borrowers in danger of gong into default, and offer loan … Continue reading →

Posted in banking, bonds and loans, housing, regulation | Comments Off on Will Asking Mortgage Servicers to Modify Mortgages Have Much Impact?

Cash-Out Refis: The Missing Actor in the Subprime Drama

Posted on September 4, 2007 by Felix

Yves Smith at Naked Capitalism submits: Ah, fall is upon us, and with it comes the spectacle of renewed discussion of what to do about the snowballing subprime/housing mess. Members of Congress will compete for air time to Bemoan the … Continue reading →

Posted in banking, bonds and loans, housing, Media | 6 Comments

Treasury Trading Down as Black Box Traders Withdraw

Posted on September 4, 2007 by Felix

Yves Smith at Naked Capitalism submits: Users of computer-driven strategies of all sorts have been taking it on the chin. Bloomberg tells us that the latest casualties are Treasury bond traders using quantitatively driven strategies hit by a sudden increase … Continue reading →

Posted in bonds and loans | Comments Off on Treasury Trading Down as Black Box Traders Withdraw

Bundesbank President Weber vs. White House on Housing Crisis

Posted on September 3, 2007 by Felix

Yves Smith at Naked Capitalism submits: Apologies for the heavy reliance on the Financial Times today, but the pickings elsewhere are meager indeed. The FT has an interesting juxtaposition of stores on its website tonight. The lead story, from the … Continue reading →

Posted in banking, bonds and loans, fiscal and monetary policy, housing, regulation | Comments Off on Bundesbank President Weber vs. White House on Housing Crisis

Fed Governor Mishkin Urges Swift Action to Combat Housing Price Decline

Posted on September 1, 2007 by Felix

Yves Smith at Naked Capitalism submits: In a paper presented at the Fed’s Jackson Hole conference, Federal Reserve governor Frederic Mishkin urged central bankers to respond quickly and aggressively to large falls in housing prices, arguing that it was less … Continue reading →

Posted in banking, bonds and loans, fiscal and monetary policy, housing | 1 Comment