links for 2007-12-15
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It is not clear to me that banks need more reserves as much as they need more capital. If I were Ben Bernanke I would be saying that the Fed will extend extra reserves only if the banks also increase their capital.
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I suspect that either the market will recover to a level that is commensurate with the fear, or perhaps we will see a significant VIX spike well into the 30s that will likely signal a near-term bottom.
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Trade Mike needs a new broker: go help him out!
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In an interview this morning with NPR, former Fed Chairman Alan Greenspan said that the odds of a recession are “clearly rising” and are now about 50%
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I’m arguing that bears have influence disproportionate to their accuracy, and I want to noodle why that might be.
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The group’s big bet that securities backed by risky home loans would fall in value generated nearly $4 billion of profits during the year ended Nov. 30, according to people familiar with the firm’s finances.
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This shark is afraid of depth. Very afraid of depth. So James ‘RevShark’ DePorre swims in 6 inch deep water in this 200 page book. Superficial treatment of investing with capital S is what this book is all about.
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The study also concluded that dyslexics were more likely than nondyslexics to delegate authority, to excel in oral communication and problem solving and were twice as likely to own two or more businesses.
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“CommandShift3 is like Hot or Not. Except, instead of clicking on hot babes, you click on hot websites.”
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This relationship between liquidity, volatility versus risk is hard to observe, because there is nothing in the day-to-day markets to suggest anything is wrong. In fact, with volatility low, everything looks just great.
More on this topic
(What's this?)
JP Morgan Predicts That Fed Will Cut Fed Fund Rates to Zero by January
(naked capitalism, 11/19/08)
Greenspan Shrugged, Now Says Regulation is Necessary
(naked capitalism, 10/22/08)






Fri, Dec 14, 2007
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