From FT Alphaville some comments from Tullett Prebon economist Lena Komileva on the similarities and differences between the growing Euro sovereign contengion and Lehman’s collapse…
Basically she’s saying it’s an order of magnitude bigger this time… or maybe two orders of magnitude…
~~~ “…The current episode of the global crisis is similar to the crisis mechanism that [...]
Filed in Launching..., Liquidity, Restructuring
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Also tagged break up banks, break up the banks, crisis, Federal Reserve, Lehman, NY Fed, Obama, Treasury, Wall Street
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The House of Commons Treasury Committee
Ninth Report of Session 2009–10
Report, together with formal minutes Ordered by the House of Commons, to be published 22 March 2010
Too important to fail– too important to ignore
Summary
The banking crisis of the last two years resulted in government support for the sector around the world amounting to almost a quarter of global GDP. One [...]
Filed in Creativity, Launching..., Liquidity, Open engines, Pricing, Recession busters..., Regulatory, Restructuring, Transparency, Uncategorized
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Also tagged audit the Fed, Congress, credit ratings, crisis, economic justice, Federal Reserve, risk, Wall Street
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This is what global hot money sounds like… or put differently the “globalization of capital flows”… moving funds between asset classes and currencies to take advantage of changes in valuations and relative returns.
Does this type of financial activity add to nation’s wellbeing or does it just represent a “skimming” of a nation’s productive capacity?
Nikhil Srinivasan, [...]
Wednesday, February 10, 2010
The Chicago Fed has published a short paper on high frequency trading… makes you wonder how much economic activity this trading represents for the Chicago area…
The fundamental issues around high frequency trading are systemic risk and investor fairness. Unfortunately this paper doesn’t address either one of those issues…
From the conclusion of the paper “Controlling risk in [...]
Interesting undercurrents at The Next Global Crisis panel at the World Economic Forum at Davos…
Check out the video at 1 hour 10 minutes.
You can see the comments of Zhu Min, the deputy governor of the People’s Bank of China (the Federal Reserve of China), as he gives some insight from his part of the world [...]
Filed in Liquidity, Recession busters..., Restructuring, Trading
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Also tagged Bernanke, break up the banks, carry trade, Geithner, Obama, Summers, Tobin tax, Wall Street, Washington
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