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 | 0 comments | ContinuedAll Posts Tagged With: "Bear Stearns"
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