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Monthly Archives: November 2008

Japan 1999

~~~~ ” ….The real driver in the consumption problem is Mrs. Watanabe, the Japanese equivalent of the “soccer mom” in the US. She is frightened. If you took Mr. or Mrs Watanabe’s pulse in terms of job security, it has tripled in the last two years. The reason for the fear probably is the collapse […]

A variety of limits…

The collapse of the interrelations between units of the global financial system has created chaos… many voices are trying to reestablish the threads that weave the various levels of the system back together… limits… everyone is calling for limits…  But are limits really a sound framework for controlling the world’s financial system? Who defines, controls […]

Open engines – guilds 2

~~~~ ”  The American Institute of CPAs’ business subsidiary CPA2Biz has signed a deal with Google to offer Google AdWords as a way for accounting firms to market and promote their services via local paid search ads. Google’s AdWords service delivers keyword-targeted ads when Web users search for particular products and services. The AdWords program […]


HT to Jesse’s Cafe for the graph… history is watching President Elect Obama…

Balancy sheets…

This is a clip from Aug 12th on Bloomberg News (running time ~~ 4 minutes)… it concerns the auction rate securities markets…analysis by Adam Dean, President of SVB Asset Management and Joe Mysak, Bloomberg columnist… Mr. Dean talks about the approx $ 200 billion dollars of ARS that the large banks had to bring back […]

the wings are wide

Feist’s “I Feel It All”… (running time ~~ 3:45)

endure by lifting his heart

~~~~ “I feel that this award was not made to me as a man, but to my work – a life’s work in the agony and sweat of the human spirit, not for glory and least of all for profit, but to create out of the materials of the human spirit something which did not […]

Hormones and money markets

An academic (past trader) suggests how markets got high from elevated levels of testerone generated from succesful trading … as an asset class moves up the traders would collectively feel the rush of risk and return and want more… mania forming… markets full of mania … fueled by monetary excesses… From the naked scientists  ….  John […]


The forces of fear have struck in Mumbai, India… coverage in the New York Times… Update | 8:46 p.m. Wired blogger Noah Shachtman points out that “First-hand accounts of the deadly Mumbai attacks are pouring in on Twitter, Flickr, and other social media.” Shachtman rounds up links to Twitter accounts which are being updated minute by […]

Eased in Japan

~~~~ ” … While officials yesterday contested claims that the Fed is undertaking quantitative easing, they acknowledged that the central bank’s new actions will result in another injection of funds into the system. Officials said their objective is to affect credit markets rather than to target money supply. The Bank of Japan is the only […]