J.M. Hamilton - Blog
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BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for March 2010

To Really Appreciate the Subtleness of the Obama Offshore Drilling Program… Note that, nearly, all Proposed Off-Shore Drilling Will take Place on the Coasts of Red-States!

Triangulation on Top of Triangulation: Realpolitik from this Administration... Nixon Rolls Over!

Tehran insists its nuclear program is intended only to peacefully generate electricity.

"There is no incentive from the moneyed interests in either Washington or New York to change it (Derivatives)."

U.S. Employment Rebound Remains Evasive...

Greek Aid Turns Out to be a "Water - Pistol," Per Greek Coalition of the Left deputy Dimitris Papadimoulis...

Euro in Meltdown Mode...

Precious metals rallied, with gold capping a sixth straight quarterly gain: Not Good!

With PIIGS and Resulting Euro Issues....Comes Inflation and Unemployment!

Mr. Volcker also warned that the government bailouts had left a huge “moral hazard” problem.

Case-Shiller Report

Retro Blog: "The notional value of Gen Re's derivatives, however, was only about $1 trillion at the peak, vs. AIG's $2 trillion."

Ireland's Banks...

State Debt to GDP Ratios Grow…

Goldman Ends Bet Against the Dollar.... Amazing, After Being Bailed out by the U.S. Taxpayer, Goldman and Citi Lose Bets Against their Benefactor...

“Regulations could cap Wall Street banks’ funding by overnight loans to a certain percentage of total funding,” said Lindsey. “That would reduce liquidity risk but raise the cost of capital for the firms and make them less profitable.”

SEC Looking into the Use of Repo 105

Rothschild famously made its fortune financing the Duke of Wellington’s battle against Napoleon in 1815 and the firm continued to offer support and counsel to queens, emperors and governments.

China Gives 10 Year Sentences to Rio Tinto Execs - Convicted on Bribery Charges...

The Honorable Senator from Delaware Versus the Dodd Bill....

Retro Blog: Where the Bank Bailout Money Went?

John Dugan, Former Bank Lobbyist and Comptroller of the Currency: Apologist for Debt Securitization, and the Resulting Moral Hazard?

Office of Comptroller of the Currency's - Written Objectives

Bush Era Legacy - John C. Dugan, a former bank lobbyist - Heads the Office of the Comptroller of the Currency

Always an Education: Mr. Abelson!

"Despite the facile conclusion that this was the bond market's implicit downgrade of the credit of the U.S., the flip-flop in rates mainly reflected conditions in the corporate market."

"The concern about bonds "competing" for investor dollars is, at minimum, premature, and perhaps even a non sequitur." Indeed. And even if it comes to pass, perhaps this "Bubble Stock Market" will cool down!

This is the End...

Get Ready! Taking a Page from the Nixon Play Book, Dems to Enact Price Controls to Contain Medical Inflation in Massachusetts... See Proceeding Blog!

Cue the Government Imposed Medical Price Controls in Massachusetts.... The Controls Only have to Work Long Enough to: a) Get Re-elected; and b) Establish a Managed Care System/"Global Payment System," and Place Doctors on Salaries...

Tea Party Movement Goes After Republicans...

Wall Street BankS, Allegedly, Ran Sham Auctions to Depress Interest Paid to Municipal Securities Market...

Profit Surge May Help Broaden Expansion .... Or Business May Continue to Hold Cash Tight!

A continued rally in share prices could help sustain the expansion, Greenspan said. Still, the unemployment rate could remain “not terribly far from where it is” at 9.7 percent as people re-enter the labor force... "

From the Abyss Trade Takes Off... Pressure Remains on China to Adjust the Yuan...

If Investors and Banks Will Not Accept Real Estate Write Downs, They Could be Saddled with Unperforming Assets for Years to Come... If Not A Decade...

The Doctors All, Offer Excellent Suggestions, but Not One Offered to Take a Flat Salary, in lieu of Fee for Service.... This Will Be Critical to Controlling Healthcare Costs as Well...

Currency Manipulator!

Private Equity's Fortress Investments Sees Liquid Hedge Funds Shrink 77% - - - CEO Daniel Mudd, Former CEO of Fannie Mae, Has His Hands Full At Fortress...

A national poll released on Thursday said 59 percent of Americans want Congress and the president to reform the financial system now.

Pimico's Bill Gross Recommends Canadian and German Bonds...

Fed Calls for a "More Sustainable Fiscal Trajectory..."

S.E.C. Studying Mutual Funds, and Exchange Traded Funds, With a Heavy Reliance on CDS/Derivatives to Produce Returns...

Republicans Contribute to Financil Reform Debate: Too Big To Fail Has Been Left in Tact Under the Dodd Bill...

Uncharted Waters: The Fed’s balance sheet has grown to about $2.3 trillion, about 2.5 times its size before the crisis.

Could a Floor Finally be Established Under the Housing Market?

Leaders in the Republican Party would be Wise to Denounce the "brown shirt" tactics of the far-right against Dems. Ad Hominem Attacks and Physical Threats are the Signs of a Morally and Intellectually Bankrupt Political Movement....

If the Fed Shuts Off the Spigot, While M3 is Contracting.... What Then? Potentially Damned Either Way. And is the M3 Contraction a Case for Re-Org of Our Nations Largest Banks?

In Europe, One Too Many Financial Crosses to Bear...

Love it, Hate it, or Indifferent…. The Fact is Social and Economic crisis begets Social/Progressive Legislation (think New Deal, Great Society, or the present Healthcare legislation). Would this bill have passed, if the U.S. were not in Crisis?

Build America Bonds Obtain a New Lease...

Will PIIGS Drag Down the World Economy... ? And Who Sold Greece the CDS that Started the European Crisis: Goldman!

Big Political Gains for Those Who Take on Wall Street...

$3 Bill in Debt/Mortgage Forgiveness from BOA... Just Ahead of a National Backlash Against Banks...

Obama Follows Through on Pledge to Reduce Nukes...

While Many Advocate Letting the Yuan Float, Under the Assumption that it will Increase in Value (making U.S. imports to China Cheaper), There is a possibility that the Inverse may happen in Light of China's High Liquidity and Present Bubble...

Legislation is on the way, that would result in increased scrutiny and regulation of hedge funds operating in London...

Future of Governments Role in the Mortgage Market in the Queue...

After Greece.... Then What of the E.U.? PIIGS on the Horizon!

CB Richard Ellis Group... Struggles.

Sales of existing U.S. homes fell in February for a third month, and the number of properties on the market climbed by the most in almost two years, casting a pall over the prospects for a recovery.

Fifteen of the 16 euro members have made money on swaps used to manage their debts, Eurostat data from 2000 through 2008 shows.

The E.U.'s Demise and Obituary?

Treasury Hints At Future Macro- Mortgage Financing Overhaul...

Greenberg Unloads AIG Stock.... Fails to Express Gratitude to the U.S. Taxpayer?

Obama and Dems Target Bank Reform, Next!

Big Pharma Did Well Under Bush's Expansion of Medicare Benefits, And Will Make Out Very Well Under Obama's Hlthcare Program...

Global Hawk Drone to Replace U2

Treasury supply resumed growing in 2001 after two rounds of tax cuts proposed by President George W. Bush led to deficits. Outstanding Treasury supply rose 53 percent to $4.5 trillion in 2007 from 2000 as the U.S. borrowed to finance tax cuts

IMF Warns G7 About Excessive Debt...

The Fed Gets Religion on Financial Reform - Wants Its Job Back: “It is unconscionable that the fate of the world economy should be so closely tied to the fortunes of a relatively small number of giant financial firms.” - Bernanke

Delusions of Adequacy!

With the U.S. Less Dependant Upon Oil from the Persian Gulf.... Would the U.S. Feel More Emboldened to Launch a Strike on Iran's Nuclear Ambitions?

Cutting Through The Fog of GAAP Standards, and Opague Financials.... Look at Prospective Company's Cash Flow...

Wachovia, Now Under Wells Fargo, to Pay a Record $160 Million Fine For, Allegedly, Providing Banking Services to Mexican Drug Cartels...

Barron's Norton Bullish on Yuan Revaluation...

Beware Bond Index Funds, Which May Have a Heavy Concentration of U.S. Debt...

The real objection to regulation may be the potential hit to (Bank) industry profits

Time to Stop Hitting up the U.S. Taxpayer, and Instead Tax Foreign Nations and Multinational Corporations... For U.S. Defense Spending!

Multi-National Banks, Which are Too Big To Fail, and Pose Systematic/Global Risk.... Require Global/International Uniform Financial Reform. Otherwise Banks Will Deploy Regulatory Arbitrage!

The Senate Banking Committee, which is set to begin consideration of a bill that would overhaul financial regulations, received 359 amendments by the Friday deadline.

Perhaps the President is Not talking about “the Surge” in Afghanistan because it was a sop to the Pentagon and the MIC….? Drones and Special Forces were taking care of the bad guys just fine, before the Surge.

Will the Last Retailer Standing Be Wal-Mart?

2009 Was a Huge Year for the Purchase of Corporate Debt...

The pace of failures may exceed last year’s total of 140.

The Disclosure of Fed Bailout Recipients, and the Feds Reticence, Goes to the Heart of Whether or Not the Fed Serves the Public Interest, first of foremost, or Whether Or Not is Serves the Banks?

Greek Debt Problem Threatens to Tear E.U. Asunder?

Greenspan: Mea Culpa!

“This is about democracy and the fact that when people have access to information, they can make wise choices. No one, even the current leaders of the opposition, can hijack the movement like the way the Islamists did in the 1979..."

Imagine a Mini-Reactor Someday Powering Your Automobile or Home, the Elimination of Big Oil !!

Finance is a Gun; and Politics is Knowing When to Pull the Trigger! Goldman, and the U.S. Banking Oligarchy, Take Down the Euro Through Credit Default Swaps… Leaving the Dollar Number One!

The many benefits that accrue to being the World’s Fiat Currency…

Politics in the Art of Controlling Your Environment.... After Healthcare (Win, Lose or Draw), Look for this Administration to Play Populist Cards, and Watch for a Possible Strike on Iran... Just in Time for the 2010 Elections!

Fed Remorse? The “maestro” admits FAILURE.... Perhaps the Feds Role Should be Diminished as a Regulator of Banks.

A Schism In the Republican Party? A Debate Over Reagan? The Voodoo Economics/Laissez Faire Crowd (T-Baggers), Versus the Old Guard Pragmatists, Who Recognize that both Government and Taxes Have their Place…

As the Bank to Bankers, Should the Fed Have Any Oversight Role? There appears to be an inherent Conflict of Interest in the Two Roles…. As we Saw throughout the Current Decade.

Is Mr. Roach, in His Criticism of Krugman, looking out for the Interests of Ordinary Americans? Or is Mr. Roach’s Protest Against Taking Economic Action Against China… A Reflection of Morgan’s Business Objectives? Probably the latter.

Fed Board of Governors Being Packed with Soft Money Doves....

Retro Blog: Interesting to Compare the Hopes and Financial Regulatory Dreams of the New Administration to the Dodd Bill...

The Derivative Contagion Spreads… How Many other European governments, or U.S. governments, were taken in the by Sweet Promises of CDS/Derivatives?

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