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

China to Move on the Renminbi...?

A Fresh Start... Albeit with Not Much Impact...

The Maestro...

Brooksley E. Born: “The Fed utterly failed to prevent the financial crisis.”

In recent months, the Fed has faced intense criticism for failing to prevent the bubble in home prices earlier this decade that brought the economy to its knees.

China has been letting the renminbi edge up almost imperceptibly in the past few days in trading in Shanghai.

“... this does not mean that we know or even think that prices will fall every time we sell or are short, or rise when we buy or are long...” - Goldman Sachs

“There’s a suspicion among investors,” said Stephen J. Lewis, director of research at Monument Securities in London, “that the agreement was not genuine and that it was designed to fob off the market and buy everyone time.”

Citigroup and other U.S. banks have suffered increasing losses as Fannie Mae and Freddie Mac forced them to buy back mortgages that weren’t properly underwritten and later soured.

Head of Financial Crisis Inquiry Commission Under Review by SEC...

Cassano Still Under Fire: The SEC is under pressure to hold some Wall Street executives accountable for the worst financial crisis since the Great Depression, legal sources said.

The Loonie Reaches Parity with the Dollar... How Soon Before Its Worth More than the Dollar?

"The world blew up and the major players in financial world are all implicated to some extent. There's no way to come out of it looking good."

Is Expense Reduction Is Costing American Business Top Line Growth...?

Citigroup CEO: “Most Powerless Powerful Man on Wall Street"???

We're starting to come to a point where these oil prices could start to put the economic recovery at risk." Oil Rises And Yet Inventories Grow...

An Unleashed Yuan - No Panacea for U.S. Economic Problems!

Patience a Virtue, When It Come to Canadian Banks Eyeing Southern Opportunities!

If the Cost of CDS Increases, As a Result of Increased Government Regulation, Clearing Houses, and Collateral Backing Derivatives... Will JUNK Still be that Hot of a Ticket, If Hedging Costs Increase?

Trajectory in T-Bills Arcs Higher!

The full Senate will begin debating the bill after the recess...

Drones Over Waziristan!

Karzai Unwinds... Time to Leave the Drones & Special Forces, and Take the Troops Home!

What Better Way to Strangle a Possible Economic Turnaround than W/ Rising Energy Costs...

Crude Oil Imports (Top 15 Countries)

Yet Another Reason To Embrace Green Technology - By Staying On Imported Oil - The U.S. Supports Russia and Venezuela, Not to mention OPEC: “Everytime we meet oil prices rise,” Chavez said.

Chavez Goes Megalo

Many economists believe the renminbi is now undervalued by as much as 40 percent.

Retro Blog: The government's massive efforts to bail out the banks "are putting the sovereign credit of the U.S. at risk."

JUNK in Demand!

Expect the subpar recovery to continue...

Wise and Prudent Words from Mr. Donlan, A Principled, Pro-Capitalist, Writer, If there Ever Was One! Let Volcker Be Volcker - And Send the B-Team (Geithner + Summers) Out onto the Golf Course with the Wall Street Bankers...

Perhaps MGIC Will Tread Where the U.S. Government is Loathe To, and That Is By Suing the Pants Off the Countrywide Execs, Who Severely Burned this Nation for Personal Gain! Some of these Countrywide Execs are Now Profiting from the Debacle they Created.

Countrywide Execs Stand to Profit, Grandly, from the Financial Nightmare they Created: Post Financial Crisis - Through PennyMac!

Dude!!!

Gambling with Pension Fund Money on Private Equity! Moral Hazard Defined.

Multi-Nationals Need Mega-Banks? Not Really!

Of Course Republicans Will Support the Dodd Bill... That's Because it's a Pro-Wall Street Bill !!! There is Little in the Bill to Save the U.S. and World from the Next Crisis!

Goldman's Empire Grows...

POST EXPLOSION: Tesoro stock rose 49 cents to $14.39 on the New York Stock Exchange yesterday, and Fuel Prices Increase!

The Treasury hasn’t labeled any country a currency manipulator since 1994.

AIG To Repay Taxpayers $25 Billion, Out of Recent Divestitures of $50 Billion... What Happened to The Other $25 Billion? How's Rate Level Mr. Benmosche?

Healthcare Price Controls Begin In Massachusetts...

“This is an example of where the federal government has actually done something right,” said Gloria Bergquist, a vice president of the Alliance of Automobile Manufacturers.... U.S. Auto Manufacturers Work with Gov on Higher Gas Milage Mandates....

After One of the Greatest Bank Bailouts in History... Banks Move In Against Taxpayers...

Will the U.S. Parlay China's "Currency Manipulator Status" In Exchange for China's Support of Sanactions Against Iran?

Investors/Limited Partners in Private Equity Fight for Greater Control....

Taibbi on a Tear... It Appears that Some U.S. Cities and Towns May Have Financed Their Own Fiscal Demise, a la Greece, via J.P. and Goldman...

For many of the top 25 (Hedge Funds), the big personal gains in 2009 came after steep losses in 2008. Half of the top 10 managers in 2009 lost money the year before.

Bernanke said last year that nothing made him “more angry” than the AIG case, blaming the insurer for making “irresponsible bets” and a lack of regulatory oversight for the debacle.

Hope in Manufacturing...

Dimon apologized for what he said were the bank’s mistakes.

While the future of the two mortgage-finance entities remains uncertain, the government backing has been particularly reassuring for foreign investors that hold securities based on mortgages originated in the United States.

“It’s ancient stuff, like a box in an attic.”

Calendar

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