erniem

Wall Street, R.I.P. Now What?

I guess all those Phds at Goldman must have skipped a few classes.

Citigroup VIEs Raise Question Of Solvency

Thank you, and this explains GS's statements that they have no exposure. I am not surprised, rather I wondered how they dodged the bullet.

My 2008 Predictions for Financial Catastrophe

I'm stocking up on popcorn and couches.

U.S. Mortgaging Its Future for Sovereign Fund Investments

Just a note to myself to remember to visit Europe again while the dollar is still worth fifty cents.

U.S. Mortgaging Its Future for Sovereign Fund Investments

Yawn. I remember when Japan was "buying out America" a few decade ago. They ended up getting 40 cents on the dollar for the billions of dollars of property they bought. China has already seen their BX investment lose a third of its value.

Can The Fed Inflate Its Way Out of Housing, Credit Mess?

Well, there is certainly no doubt that inflation has been the primary tool of the Fed financial policy. Anyone who has been alive long enough can vouch for that. When a house in Ca that cost $35k in 1965 is worth $1.3 million forty years later, you have inflation. At a 9.5% yearly rate. There is simply no way around that, and 50% of that inflation has been in the last six years.

Yes, I would say inflation ( the favorite government tool to keep expanding bureaucracy and "paying" off debt) has been extreme. And they still insist it is 2-4% yearly.