A trip home to the Sunny Coast revealed several things. One of them was the SKI principle. This sophisticated philosophy allows people to retire in comfort…
April 10th, 2010 | Nickolai Hubble | 2 comments | ContinuedAll Posts Tagged With: "Bear Stearns"
Trade of the Decade: Sell Stocks and Buy Gold
So about 10 years ago, when I first started working with Bill, he came up with this idea for a Trade of the Decade. It was really just a literary device. But it ended up being a brilliant investment call.
March 30th, 2010 | Eric J. Fry | 1 comment | Continued
USA Has Fives Times As Much Sovereign Debt As All the PIIGS Put Together
The PIIGS owe $2 trillion, which might need to be restructured. Yes, dear reader, the sovereign debt problem is a big one – much bigger than Bear Stearns, Lehman Bros. and AIG.
February 10th, 2010 | Bill Bonner | 0 comments | Continued
The Biggest Financial Deception of the Decade
Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception…
January 13th, 2010 | Jeff Clark | 4 comments | Continued
Copenhagen Climate Talks Possibly Sent the Market Higher
The S&P 500 hit a 14-month high overnight. The conventional wisdom is that two news events are responsible. This is probably wrong. But let’s look at both events anyway and see what happened.
The first is that Abu Dhabi extended a $10 billion in financing to debt-distressed Dubai. Hossanah! Remember, Dubai is not Lehman. It’s Bear Stearns.
December 15th, 2009 | Dan Denning | 5 comments | Continued
Dubai Debt Story More Like Bear Stearns Less Like Lehman Brothers
But first things first. Dubai World is not nearly large, leveraged, or systemically important as either Bear Stearns or Lehman Brothers when both those firms failed. For those reasons, it’s unlikely that the failure of Dubai World (and we’re not saying it will fail) would, by itself, cause a global deleveraging.
November 30th, 2009 | Dan Denning | 18 comments | Continued
Bullish On Silver
Well, maybe not all buying is drying up, as silver market analyst, Ted Butler, reports that in the last 10 months, “some 150 million ounces of silver can easily be documented to have been bought by investors.
October 6th, 2009 | Mogambo Guru | 2 comments | Continued
Suspicion the Service Sector Consumer Spending Series is Overstated
If we compare consumer spending on services with hours worked in the service sector employment report, we find a huge surge in implied service sector productivity.
May 14th, 2009 | Rob Parenteau | 0 comments | Continued
Bank Stress Test Not Stressful Enough
Forecasting loan losses at banks is inherently speculative. Forecasting future cash flow from existing loans is also speculative. Both estimates lie at the core of this week’s leaked (and eventually announced) stress test.
May 13th, 2009 | Dan Amoss | 0 comments | Continued
Bankers Going Galt
Why aren’t the banks lending locally and what are they doing instead? Well, they’re probably terrified that commodity prices won’t recover any time soon, rendering the collateral posted by mining companies worth a lot less. Or, worried about future losses in commercial property, the banks are saving up for a rainy day.
March 31st, 2009 | Dan Denning | 19 comments | Continued
Angry Mortgagees Protesting Bear Stearns Favouritism
Last Wednesday, a bunch of peeved mortgagees protesting government favoritism in the Bear Stearns case entered the lobby of the company’s (soon-to-be-former) headquarters building in midtown Manhattan. While it might not seem like much, I view the symbolic “penetration” of this corporate stronghold as the very first sign of a much broader citizen revolt against the extraordinary protections being shown to crapped-out investment banker boyz…
April 10th, 2008 | James Howard Kunstler | 7 comments | Continued
The Kindness of Strangers in the East is Waning
The background for this latest crisis is what we’ve been reckoning within these Daily Reckonings for so many months. The geniuses at Bear Stearns had their calculators…their Black Sholes Option Pricing Model…their mathematicians…their risk figures… They had some of the finest minds in the country – or at least, some of the finest minds money could buy on Wall Street.
March 18th, 2008 | Bill Bonner | 0 comments | Continued
Fed’s Latest Line of Attack on the Credit Crisis is Inflationary
Bear Stearns was on the receiving end of an indirect loan from the Federal Reserve on Friday. Though Bear is the fifth-largest securities firm in the U.S. (and the ninth largest bank in the world), it’s an investment bank, not a commercial lender. The Fed can’t loan directly to investment banks, so the loan had to be routed through a willing third-party, in this case JP Morgan. It turns out that last week’s big US$200 billion loan facility was probably set up to make this three-way transaction possible.
March 17th, 2008 | Dan Denning | 4 comments | Continued
