BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for December 2010

"TIPS, or Treasury inflation-protected securities, are U.S. government bonds that help investors hedge against rising consumer prices."

Posted by J.M. Hamilton Blog at 12/31/2010 4:09 PM | Add Comment

"When wealth begins to concentrate here, too, it signals the existence of a privileged, ruling class that is siphoning off tax dollars to its own advantage."

Posted by J.M. Hamilton Blog at 12/31/2010 4:07 PM

"So why in the world during these years have all the pundits and Washington mucky mucks been feeding us that stuff about how there's no inflation?"

Posted by J.M. Hamilton Blog at 12/31/2010 4:02 PM

"The bottom line: Chinese companies are investing in the U.S. to bypass trade barriers and take advantage of government clean energy goals."

Posted by J.M. Hamilton Blog at 12/31/2010 9:36 AM | Add Comment

" 'Europe is in the midst of a great test,' Merkel said"

Posted by J.M. Hamilton Blog at 12/31/2010 9:18 AM | Add Comment

"Don’t smile at the thought and think, 'It can’t happen here,' because this same logic points directly to a deep and morally disturbing crisis in the United States."

Posted by J.M. Hamilton Blog at 12/31/2010 9:08 AM | Add Comment

"At today’s price, that would give the settlement a value of more than $500 million."

Posted by J.M. Hamilton Blog at 12/31/2010 8:59 AM | Add Comment

LEGAL NIHILISM: "Mr. Khodorkovsky’s supporters had asked Mr. Medvedev to intervene in the case, which has reinforced widespread concerns that the Russian authorities readily manipulate law enforcement and the judiciary for political purposes."

Posted by J.M. Hamilton Blog at 12/31/2010 8:39 AM | Add Comment

"One of the criticisms of him, levelled again this summer by Joe Scarborough on the air, is that Boehner cares too much about his leisure to be an effective leader."

Posted by J.M. Hamilton Blog at 12/31/2010 8:37 AM | Add Comment

"Mr. Cuomo sought to recover $26 million and to impose upon Mr. Rattner a lifetime ban from the New York securities industry."

Posted by J.M. Hamilton Blog at 12/31/2010 8:29 AM | Add Comment

Revolution is not Pretty... "George Washington disapproved of the Tea Party, and Benjamin Franklin called it 'an Act of violent Injustice on our part.'"

Posted by J.M. Hamilton Blog at 12/30/2010 1:52 PM | Add Comment

The U.S. “remains the world’s preeminent power economically, politically, and militarily,” Crescenzi wrote.

Posted by J.M. Hamilton Blog at 12/30/2010 11:35 AM | Add Comment

"The case is U.S. v. Jiau, 10-Mag.-2900, U.S. District Court for the Southern District of New York (Manhattan)."

Posted by J.M. Hamilton Blog at 12/30/2010 10:13 AM | Add Comment

"Coming off the dramatic lending drop after the crisis struck, these increases are modest. The amount of business loans outstanding remains well below historical levels."

Posted by J.M. Hamilton Blog at 12/30/2010 10:10 AM | Add Comment

The State Department report concluded. “There continue to be gross violations of human rights by Pakistani security forces.”

Posted by J.M. Hamilton Blog at 12/30/2010 10:04 AM | Add Comment

"But what has rattled Indian leaders even more is their contention that China is being deliberately provocative in Kashmir as it grows closer to Pakistan, China’s longtime ally and India’s nemesis."

Posted by J.M. Hamilton Blog at 12/30/2010 9:59 AM | Add Comment

"You need to make some tweaks."

Posted by J.M. Hamilton Blog at 12/30/2010 9:54 AM | Add Comment

"AIG was instructed by the regulator to limit or end its intra-group guarantees, according to the report."

Posted by J.M. Hamilton Blog at 12/29/2010 8:27 PM | Add Comment

"...we believe recent outflows may prove to be just the 'tip of the iceberg.'"

Posted by J.M. Hamilton Blog at 12/29/2010 8:17 PM | Add Comment

"With the funds flowing, developers, private equity firms and hedge funds were able to buy properties with increasingly less cash."

Posted by J.M. Hamilton Blog at 12/29/2010 8:12 PM | Add Comment

"We plan to create a so-called 'National Cyber-Defense Center' in 2011."

Posted by J.M. Hamilton Blog at 12/29/2010 8:02 PM | Add Comment

Mr. Gates (Secretary of Defense): “Russian democracy has disappeared, and the government is an oligarchy run by the security services.”

Posted by J.M. Hamilton Blog at 12/29/2010 7:31 PM | Add Comment

NEVER Trust a Communist Government!

Posted by J.M. Hamilton Blog at 12/29/2010 7:25 PM | Add Comment

From the NYTIMES a Look Back @ 2010:

Posted by J.M. Hamilton Blog at 12/29/2010 7:20 AM | Add Comment

"Volcker was disappointed with the final version, according to a person with knowledge of his views."

Posted by J.M. Hamilton Blog at 12/28/2010 8:24 PM | Add Comment

“The defendants knew the loans offloaded onto Allstate were a toxic mix of loans given to borrowers that could not afford the properties, and thus were highly likely to default,” Allstate said.

Posted by J.M. Hamilton Blog at 12/28/2010 8:20 PM | Add Comment

“We are very concerned about China’s export restraints on rare earth minerals,” a spokeswoman for the office, Nefeterius Akeli McPherson, said. “We have raised our concerns with China and we are continuing to work closely on the issue with stakeholders.”

Posted by J.M. Hamilton Blog at 12/28/2010 8:15 PM

“If it walks like a duck and quacks like a duck, it’s a duck,” Mr. Ellis said. “These are clearly earmarks.”

Posted by J.M. Hamilton Blog at 12/28/2010 8:11 PM | Add Comment

"SecondMarket, the leading trading exchange handling transactions in these securities, is expected to execute about $400 million in trades involving about 40 private companies this year..."

Posted by J.M. Hamilton Blog at 12/28/2010 7:29 AM | Add Comment

"It's almost inevitable that there will be more protest in 2011 than 2010, particularly in countries such as Greece and the UK where there are real public divisions over how much austerity is necessary."

Posted by J.M. Hamilton Blog at 12/27/2010 4:40 PM | Add Comment

"The euro hit all-time lows against the Swiss franc on Wednesday..."

Posted by J.M. Hamilton Blog at 12/27/2010 4:16 PM | Add Comment

"International rules on the disclosure of pay 'will allow market participants to assess the quality of a bank’s compensation practices and the incentives towards risk taking they support.'"

Posted by J.M. Hamilton Blog at 12/27/2010 4:15 PM

"Foreign brokers including Credit Suisse, Citigroup and Morgan Stanley operate dark pools in Japan alongside domestic operators like Daiwa Securities."

Posted by J.M. Hamilton Blog at 12/27/2010 10:14 AM | Add Comment

Spencer T. Bachus, Republican of Alabama: “In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks.”

Posted by J.M. Hamilton Blog at 12/27/2010 9:56 AM

“The remedy for what ails the economy is, in my view, in the hands of the fiscal and regulatory authorities, not the Fed.”

Posted by J.M. Hamilton Blog at 12/27/2010 9:50 AM

“I can tell you for a fact that the design teams at these companies have not put enough thought into security.” “It is like a stalker’s dream.”

Posted by J.M. Hamilton Blog at 12/27/2010 9:40 AM

“Girls envy us,” said Bushra, a KFC worker. “We are considered the men of the house, and that feels good.”

Posted by J.M. Hamilton Blog at 12/27/2010 9:33 AM

REALLY???? "Many of these are jobs that would not exist without Chinese manipulation of the yuan. A million-plus Wal-Mart workers, of course, are first in line among the pack of companies that achieve 'everyday low prices'..."

Posted by J.M. Hamilton Blog at 12/26/2010 11:11 AM | Add Comment

"Starved for revenue and accustomed to decades of overspending, many states have been overwhelmed. They are facing shortfalls of $140 billion next year."

Posted by J.M. Hamilton Blog at 12/26/2010 10:58 AM

"In 1913, the year that Morgan died, the Federal Reserve came into being."

Posted by J.M. Hamilton Blog at 12/26/2010 10:58 AM | Add Comment

“It’s a definite safe haven for the Taliban.”

Posted by J.M. Hamilton Blog at 12/26/2010 10:31 AM | Add Comment

In Afghanistan, for example, “DEA officials have become convinced that ‘no daylight’ exists between drug traffickers at the highest level and Taliban insurgents.”

Posted by J.M. Hamilton Blog at 12/26/2010 10:25 AM | Add Comment

"All that is happening, really, is that the United States is slowly and naturally losing its abnormal status in the international system and returning to being one of the most prominent players in the small club of great powers."

Posted by J.M. Hamilton Blog at 12/26/2010 10:04 AM | Add Comment

Wall Street Goes Vegas, Literally! "Wall Street executives usually protest when their business is compared to a casino. But there is a logic to privately held Cantor’s Vegas subsidiary, casino industry experts say."

Posted by J.M. Hamilton Blog at 12/26/2010 9:56 AM | Add Comment

A Posthumous Nobel Award for Dr. Suess in Economics?

Posted by J.M. Hamilton Blog at 12/25/2010 2:14 PM | Add Comment

"While we earnestly hope the optimists are right, we have some difficulty in envisioning woe in Europe failing to affect us."

Posted by J.M. Hamilton Blog at 12/25/2010 1:22 PM | Add Comment

"The Florida state attorney general's office says it receives more time-share-related complaints than any other types of complaints."

Posted by J.M. Hamilton Blog at 12/25/2010 1:10 PM | Add Comment

“It’s too costly to park money with debt at such a price given the seven- day repo rate has risen above 5 percent.”

Posted by J.M. Hamilton Blog at 12/24/2010 10:45 AM | Add Comment

OFAC...

Posted by J.M. Hamilton Blog at 12/24/2010 10:19 AM | Add Comment

"And since January 2009, when Mr. Obama actually did take office, government employment has fallen by more than 300,000..."

Posted by J.M. Hamilton Blog at 12/24/2010 10:14 AM | Add Comment

Welcome to Fantasy Island: "Representative Kevin Brady of Texas, the top Republican on the Joint Economic Committee of Congress, said he believed his party’s gains in the midterm elections had bolstered consumer and business confidence."

Posted by J.M. Hamilton Blog at 12/24/2010 9:56 AM | Add Comment

"...with sales barely growing in the United States and Europe, Western companies were particularly dependent on China for growth and inexpensive manufacturing."

Posted by J.M. Hamilton Blog at 12/24/2010 7:20 AM | Add Comment

"Allstate had the biggest decline in municipal bonds..."

Posted by J.M. Hamilton Blog at 12/23/2010 6:42 PM | Add Comment

"...seizing majority control of Allied Irish Banks, once the country’s largest, and consolidating the government’s grip over nearly the entire Irish banking industry."

Posted by J.M. Hamilton Blog at 12/23/2010 4:34 PM | Add Comment

"(EURO) Exit costs can only grow larger if the decision process is protracted and marred by improvisation and half-baked patches."

Posted by J.M. Hamilton Blog at 12/23/2010 3:16 PM | Add Comment

Check it out... VOXEU.ORG

Posted by J.M. Hamilton Blog at 12/23/2010 3:03 PM | Add Comment

The inexorable march upward… Thank you dshort.com!

Posted by J.M. Hamilton Blog at 12/23/2010 2:50 PM | Add Comment

"AIG, once the world’s largest insurer, shortchanged the state pools by underreporting premiums it made selling workers’ compensation protection..."

Posted by J.M. Hamilton Blog at 12/23/2010 2:40 PM | Add Comment

"Neugebauer's proposal, however, is another sign that Republicans will push regulators to go slow in implementing the most sweeping overhaul of the rules governing the financial system since the Great Depression."

Posted by J.M. Hamilton Blog at 12/23/2010 2:35 PM | Add Comment

"As a result, the U.S. Treasury Department, which will own more than 90 percent of the company, is likely to hold two large stock sales next year and aims to offload the rest in 2012, a source familiar with the situation said."

Posted by J.M. Hamilton Blog at 12/22/2010 8:16 PM | Add Comment

"KKR, based in New York, and Boston-based Bain, along with Merrill Lynch & Co., bought HCA in 2006 for $33 billion, then the largest leverage buyout on record."

Posted by J.M. Hamilton Blog at 12/22/2010 8:06 PM | Add Comment

"Most of the money was probably pulled by institutional investors looking to lock in higher yields by buying bonds directly, rather than through funds..."

Posted by J.M. Hamilton Blog at 12/22/2010 8:06 PM | Add Comment

"It’s a victory for the American people.”

Posted by J.M. Hamilton Blog at 12/22/2010 8:00 PM | Add Comment

Supplies in the week ended Dec. 17 were 6.8 percent greater than the five-year average for the period, the (commerce) department said."

Posted by J.M. Hamilton Blog at 12/22/2010 7:51 PM

"MBIA’s suit against Bank of America and its Countrywide unit is one of at least 12 claims brought by insurers in state and federal courts targeting issuers of mortgage-backed securities, including Deutsche Bank AG, Credit Suisse and GMAC Mortgage LLC."

Posted by J.M. Hamilton Blog at 12/22/2010 7:38 PM | Add Comment

“We are pleased that if this settlement becomes final..."

Posted by J.M. Hamilton Blog at 12/22/2010 7:33 PM | Add Comment

"But he has repeatedly said that he is acting independently of BP and the government, and he openly acknowledges that BP is paying for his work — 'who better?' he says — saying taxpayers should not be footing the bill."

Posted by J.M. Hamilton Blog at 12/22/2010 7:00 AM | Add Comment

“There will be changes, but not fundamental changes to the banking model,” said Sheila Bair.

Posted by J.M. Hamilton Blog at 12/21/2010 9:37 PM

“This is an important legal development that upholds a critical pillar of a national energy policy that is intended to wean the United States off of foreign sources of fossil fuels.”

Posted by J.M. Hamilton Blog at 12/21/2010 9:27 PM

"The lawsuit focuses on an accounting maneuver known inside Lehman as Repo 105."

Posted by J.M. Hamilton Blog at 12/21/2010 5:59 PM | Add Comment

She said that “polonium could not be used without very high level” involvement of the security services.

Posted by J.M. Hamilton Blog at 12/21/2010 5:54 PM | Add Comment

"America’s clandestine war in Pakistan has for the most part been carried out by armed drones operated by the C.I.A."

Posted by J.M. Hamilton Blog at 12/21/2010 6:23 AM | Add Comment

The Myth of Free Trade Punctured by John Cassidy in the New Yorker!

Posted by J.M. Hamilton Blog at 12/20/2010 9:29 PM | Add Comment

"Over time, we think that banks will reprice these accounts, to recoup more or all of this revenue."

Posted by J.M. Hamilton Blog at 12/20/2010 9:00 PM | Add Comment

“If corporations are allowed to prioritize content on the Internet, or they are allowed to block applications you access on your iPhone, there is nothing to prevent those same corporations from censoring political speech.”

Posted by J.M. Hamilton Blog at 12/20/2010 8:44 PM

"Cerberus, which bought Chrysler in 2007, lost control of the automaker during its restructuring. It held on to the financing company."

Posted by J.M. Hamilton Blog at 12/20/2010 8:44 PM | Add Comment

"In 2009, (Morgan Stanley) paid out a record 62 percent of its net revenue in compensation and benefits; its chief executive, James P. Gorman, vowed to bring that down to bolster profits."

Posted by J.M. Hamilton Blog at 12/20/2010 8:20 PM | Add Comment

The First Secretary of the Treasury Makes the Case for a Strong U.S. Manufacturing Base, and a Self Sustaining New World Market, with Less Reliance on U.S. Exports...

Posted by J.M. Hamilton Blog at 12/19/2010 9:08 PM | Add Comment

"Investors who hold mortgage securities are increasingly worried that servicers (banks) may be putting their interests ahead of those who own the loans."

Posted by J.M. Hamilton Blog at 12/19/2010 8:49 PM | Add Comment

"Investors have worried that the founder of WikiLeaks, Julian Assange, was referring to Bank of America when he said in an interview with Forbes last month that he possessed a large cache of potentially embarrassing documents from a large American bank."

Posted by J.M. Hamilton Blog at 12/19/2010 1:10 PM

"Why, it’s almost as if all the concern about the deficit was a front for opposing anything progressives might want, to be dropped as soon as debt was being run up on behalf of conservative goals."

Posted by J.M. Hamilton Blog at 12/19/2010 1:00 PM | Add Comment

"The world’s largest oil exporter is a Sunni Muslim-majority country, where unmarried men and women are prevented from mingling and religious law is enforced."

Posted by J.M. Hamilton Blog at 12/19/2010 12:46 PM | Add Comment

Business Secretary, Vince Cable: "We can’t go through the winter season of bonuses without real restraint and social responsibility.”

Posted by J.M. Hamilton Blog at 12/19/2010 12:36 PM | Add Comment

“It’s a good step to have a derivatives market in place,” said Zhang Zhiming, “But the market is thin because, for all the corporate issues in China, so far there has been no default.”

Posted by J.M. Hamilton Blog at 12/19/2010 12:28 PM | Add Comment

"The announcement comes as emerging countries try to control the movement of so-called 'hot money' from abroad that they say drives up the value of their currencies and destabilizes their markets."

Posted by J.M. Hamilton Blog at 12/19/2010 12:22 PM | Add Comment

“Except for the solicitor general representing the United States, no single entity has more influence on what cases the Supreme Court decides and how it decides them than the National Chamber Litigation Center.”

Posted by J.M. Hamilton Blog at 12/19/2010 9:53 AM | Add Comment

Executive Order: "Also, our Nation’s progress depends on the free flow of information both within the Government and to the American people.”

Posted by J.M. Hamilton Blog at 12/18/2010 12:02 PM | Add Comment

"If there's one thing Ben Bernanke should be 100% confident of, Albert snarls, 'it is his own fallibility.' "

Posted by J.M. Hamilton Blog at 12/18/2010 11:45 AM | Add Comment

"...the decline in the unemployment rate to 8.6%, while welcome, will still leave that key indicator far short of full employment."

Posted by J.M. Hamilton Blog at 12/18/2010 11:39 AM | Add Comment

“It’s hard to think of anything good for bonds coming out of the tax-cut extension. Something has got to give.”

Posted by J.M. Hamilton Blog at 12/18/2010 9:34 AM | Add Comment

“Bank of America’s callous disregard for providing timely, correct information to people in their time of need is truly egregious,” Catherine Cortez Masto, the attorney general of Nevada.

Posted by J.M. Hamilton Blog at 12/18/2010 9:27 AM | Add Comment

SANTA BRAND

Posted by J.M. Hamilton Blog at 12/17/2010 7:57 PM | Add Comment

"The 21st century is being called the Asian century."

Posted by J.M. Hamilton Blog at 12/17/2010 7:37 PM | Add Comment

"The 10-year Irish yield surged 18 basis points to 8.3 percent."

Posted by J.M. Hamilton Blog at 12/17/2010 7:30 PM | Add Comment

"The government reported on Dec. 11 that the consumer price index rose 5.1 percent in November compared to the same month in 2009; it was the sharpest increase in three years."

Posted by J.M. Hamilton Blog at 12/17/2010 7:23 PM | Add Comment

.... all four Republicans on the commission voted to exclude the following terms from the report: “deregulation,” “shadow banking,” “interconnection,” and, yes, “Wall Street.”

Posted by J.M. Hamilton Blog at 12/17/2010 7:17 PM | Add Comment

Assange Freed...

Posted by J.M. Hamilton Blog at 12/16/2010 11:10 PM

Athens...

Posted by J.M. Hamilton Blog at 12/16/2010 10:29 PM

"The July 2011 date to begin withdrawing troops is at the heart of the political quandary Mr. Obama faces."

Posted by J.M. Hamilton Blog at 12/16/2010 10:15 PM | Add Comment

"The German public is increasingly opposed to the Afghan deployment, according to opinion polls."

Posted by J.M. Hamilton Blog at 12/16/2010 10:12 PM | Add Comment

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