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Those markets? Well, it seems they work like they are supposed to ...

Are funds calling a bottom to the US housing market? Even as house price declines are beginning to slow, home sales may have stablised and resales look healthy, big money - $5B here, $3B there, over there $2B and lots and lots of smaller amounts - is being deployed to take housing assets off banks balance sheets.

Meanwhile, Fannie Mae and Freddie Mac are actually booking the biggest profits on new mortgages since 1998. It ain't over 'til it's over, but in the markets you take what you can get.
posted to MetaFilter by Mutant at 4:14 AM on August 28, 2008 (39 comments)

"A national debt will be to us a national blessing." Alexander Hamilton, Secretary of Treasury,1780

Even as I.O.U.S.A, a documentary looking at the United States' $53T national debt, is to be shown at both the Democratic and Republican conventions, economists are beginning to openly discuss the previously unthinkable - should America should default on some or perhaps all it's obligations?
posted to MetaFilter by Mutant at 2:30 AM on August 26, 2008 (90 comments)

The Material Girl is now a tangible investment

Follow the money: for the past year, the big trade was short bank stocks, and use the cash to go long oil. Massively profitable, but now that trade is unwinding. So where is the big money being invested now? Lots of places: diamonds, fine art, guitars, and Madonna.
posted to MetaFilter by Mutant at 2:50 AM on August 20, 2008 (36 comments)

Most countries treat tourists better than citizens

The Perpetual Traveller wields Five Flags in the quest for personal freedom.
posted to MetaFilter by Mutant at 9:27 AM on August 10, 2008 (22 comments)

While this is timely information bank failures are normal part of life.

Worried about bank failures? First step: check if your bank is insured by the Federal Deposit Insurance Corporation (FDIC). If so, then your first $100K is insured against loss so no worries.

Got more than $100K? Well then, you'd better speak with EDIE.
posted to MetaFilter by Mutant at 6:58 AM on July 14, 2008 (60 comments)

Sir John Templeton, 1912-2008, RIP and thank you for the investing lessons.

The simple phrase "it's different this time" are the four most expensive words in the English language. Sir John Templeton, 1912-2008, we thank you for this lesson and countless others.
posted to MetaFilter by Mutant at 3:48 AM on July 9, 2008 (67 comments)

Is Ben Bernanke a finally coming out of the closet?

While the wild crowd call it "Woodstock for Central Bankers", others get festivities off on a sour note, referring to it as "Understanding Inflation and the Implications for Monetary Policy". Regardless of what your invitation to this party reads, it starts today, Monday June 9th on the 50th anniversary of The Phillips Curve, a previously discredited forecasting tool which may be revived by Ben Bernanke at The Federal Reserve.
posted to MetaFilter by Mutant at 4:01 AM on June 9, 2008 (6 comments)

Islamic Banking - a compelling mix of religion and finance

While western banking institutions continue to reel from the credit crunch, Islamic banking, with assets approaching one trillion dollars, is growing at roughly 20% pa by offering Sharia compliant - and only Sharia compliant - financial products. But compliance to Sharia law in matters financial is not easy (previously).
posted to MetaFilter by Mutant at 8:40 AM on June 6, 2008 (44 comments)

They're messing with LIBOR - UhOh!

Underlying several hundred thousand Student Loans, millions of Adjustable Rate Mortgages and trillions of dollars worth of financial derivatives is the London Interbank Offered Rate, or LIBOR. Launched in 1986 by the British Bankers' Association (BBA), LIBOR is the most widely used benchmark of short term interest rates.

And with the recent credit market difficulties still fresh in the minds and impacting the balance sheets of many market participants, the way LIBOR is calculated - and the interest rates charged - may be changing.
posted to MetaFilter by Mutant at 3:25 AM on May 30, 2008 (22 comments)

Dark pools of liquidity, or the secret stock market

The rapid growth of electronic trading since 1976 has benefited equity market participants by improving competition, reducing cost and increasing liquidity while insuring better pricing.

One unexpected side effect has been the recent emergence of "dark pools of liquidity", or the secret stock market.
posted to MetaFilter by Mutant at 10:14 AM on May 20, 2008 (21 comments)

Sell in May and go Away but buy back on St. Leger Day

Academic discussions of stock markets frequently reference The Efficient Markets Hypothesis; an idea that share prices are fairly valued, their prices reflecting all available information. However folklore such as "Sell in May and go away", which proved prudent in 2007, clashes with this theory.
posted to MetaFilter by Mutant at 8:22 AM on May 15, 2008 (11 comments)

Why everything new in finance has already been new at least once before

The year was 1978. The US Dollar was collapsing, inflation was beginning to surge, the American economy was on the brink of recession and many warned of the perils of easy money. Needless to say, Arthur Burns, 10th Chairman of the US Federal Reserve, had a tough job.
posted to MetaFilter by Mutant at 4:27 AM on May 8, 2008 (92 comments)

Food cartels - haven't we seen these before?

Oil's got one. So does cocaine. There used to be one for light bulbs and another for uranium. While we know one currently exists for diamonds, some folks think the music industry has one.
posted to MetaFilter by Mutant at 6:55 AM on May 5, 2008 (21 comments)

Must I Bank?

The Financial Services industry has seen it before; massive job cuts after the dot com collapse of 2001 forced many out of the business, some permanently.
posted to MetaFilter by Mutant at 11:14 AM on May 1, 2008 (34 comments)

So, that Y chromosone, it's the bad trading chromosone, right?

Although Larry Summers drew fire for rather inappropriate comments illustrating differences between Men and Women, we all know they exist.
posted to MetaFilter by Mutant at 7:12 AM on April 9, 2008 (63 comments)

Barings redux?

Credit Suisse will take a $2.65 billion hit to earnings and post it's first quarterly loss since 2003 due, to no small part, to deliberate mispricing of asset backed securities by several traders operating at all levels of seniority across the 143 year old institution.
posted to MetaFilter by Mutant at 3:28 AM on March 21, 2008 (33 comments)

And yes, the band did play on.

It was twenty years ago today...
posted to MetaFilter by Mutant at 6:25 AM on October 19, 2007 (27 comments)

Free to poke fun?

Why Vegetarians should be force fed lard
posted to MetaFilter by Mutant at 2:32 AM on July 2, 2006 (78 comments)

Real life Goassamer Wings...

A Butterfly with transparent wings you say?
Indeed.
posted to MetaFilter by Mutant at 7:50 AM on May 7, 2006 (22 comments)

Why are you wearing that fur raincoat?

Paraphilias manifest themselves in a remarkably wide variety of behaviours; some folks like to watch, others take a more active role, and sometimes those old guys wearing trenchcoat want to show you something. Well, if you like to share, it's best not to involve a blogging gal carrying a camera phone.
posted to MetaFilter by Mutant at 2:16 AM on August 28, 2005 (21 comments)

I recently bought a cheap DVD of Broken Arrow,...

I recently bought a cheap DVD of Broken Arrow, the late 90's John Woo thriller that portrays an attempt to steal nuclear weapons. A earlier MeFI thread briefly brought up NEST, or the Nuclear Emergency Search Team who are supposed to find these things if smuggled into the United States.

I googled on it, and while I wasn't surprised to learn there have been a large number of hoaxes I was surprised find out there have been some thirty incidents not classified as a hoax. A large part of the Woo film deals with the idea of The Feds searching for nuclear weapons from oribit.

Well I might just be a country boy but even I know there is Physics and then there is Movie Physics so I was curious - can these nuclear weapons be spotted by satellites? Maybe we're getting all bothered over pretty much nuthin, if The Feds already know where they are. Rense has a interesting post about NEST in NYC.
posted to MetaFilter by Mutant at 5:39 AM on October 4, 2002 (15 comments)

With some 18,000 sick and over 700 people having...

Is this the big one? With some 18,000 sick and over 700 people having died of the flu in a country the size of France over the past couple of months, I find it odd that the media seems obsesessed with the US / Iraq thing and missing children. The 1918 flu epidemic killed some 675,00 Americans alone, with a global tally in excess of 20 MILLION killed. Some of the photos taken back then are pretty grim. It seems the power of influenza is that it (ahhem) mutates and thats why it could once again be a big killer. Cynical as it might sound, as a race maybe we need something like this to teach us that we've got a lot more in common with each other than skin colour and religion might otherwise lead us to believe. ObDisclaimer: I'm unemployed right now, have maybe six months of canned goods in the flat; if this hits London, I ain't opening my door to nobody.
posted to MetaFilter by Mutant at 6:29 AM on August 30, 2002 (22 comments)