European bank practices were analogous to US subprime ARMs in that European banks lent money to Eastern European countries that could not sustain...
Liquidation is tricky because: 1. The impact of liquidation on other banks' asset values. How does the liquidation avoid a messy devaluation of...
Doubtful. UBS assets are four times the GDP of Switzerland (i.e., the equivalent of the US trying to bailout a $60 trillion bank). The best the...
Looks like Ireland or Spain are the leading candidates in the EU: From: http://www.cnbc.com/id/29156803
Coprolite? This is why "screwing the banks" is likely to end badly. To the extent that the toxic asset situation isn't resolved quickly, the...
Only Americans are going to have to save Americans. I doubt that any government stimulus bill could ever create the kinds of long-term jobs,...
The data is far far worse than anything from the last 70 years -- we've had 6 quarters of declining earnings for the S&P 500 (ties with a...
GM et al would have gone bankrupt years ago if the banks hadn't let people convert home equity into automobiles. The only way the automakers...
Actually it's just the transmitter, not the CPU. If you are in a weak signal area, it means you are far form the nearest tower or have a lot of...
Exactly! Ignoring stock_trad3r is like ignoring all the ticks that go against your position or bias. I want to see the full market of prices...
How much farther down do you expect the market to drop before it rises again? And if it drops more than you expect (and does not rise) isn't that...
It's not the number of apps so much as the type of apps. Some apps use the CPU, disk, graphics, network, etc. more and they drain the battery...
I agree that when the govt borrows from the Fed, the Fed printed the money. But when the govt borrows from the Chinese or from private investors...
They will return because they think they have to. I had dinner with a retired friend yesterday. His savings got hit pretty hard by the downturn...
Yes, we are saying the same thing at some level. The rationale for borrowing vs. printing is the difference in effective interest rates and the...
Government debt and the central bank printing press are two different independent issues. Governments don't need the printing press in order to...
Say what you like about his ideas, but Geithner is right about the need for speed. Every day that this crisis continues, the values of bank...
I agree, but lets examine the effects of a series of long-term bonds and loans in terms of three numbers: circulating money, bonds, loans 1a)...
Yes, and when the convoy rolls over the hidden 6 ft trench in the road, the survivalists will have a nice supper. :D
Exactly! The core weakness of fiat currencies is the weakness of the flesh -- the money regulators inevitably opt for short-term gains that lead...
Separate names with a comma.