The Fed has gone from being a balancing (liquidity) mechanism to being a funding (equity) mechanism, and what’s worse, the collateral they are holding may not be worth the amount of loan they have outstanding.
Quelle: Market Ticker
Mittwoch, 14. Mai 2008
The Fed has gone from being a balancing (liquidity) mechanism to being a funding (equity) mechanism, and what’s worse, the collateral they are holding may not be worth the amount of loan they have outstanding.
Quelle: Market Ticker
Tags: Finanzen
Labels: USA, Wirtschaft
Montag, 12. Mai 2008
Eigentlich ist ja meine USA-Bashing-Woche durch, doch weil es so Spass gemacht hat, darf folgende Erwähnung nicht fehlen:
Some day, when the economic history of this current period is better understood, people will see that the world owes a huge debt of gratitude to the American consumer. Against his own interest, he has put himself deep in debt so that others could have prosperity…and have it in greater abundance.
Quelle: Investors Sold Japan Along with the Emerging Markets
Labels: USA, Wirtschaft
Samstag, 10. Mai 2008
Soon, as credit card delinquencies rise and losses on pools of securitized credit card debt mount, those supplying the credit will finally get wise to the fact they will never get their money back. As a result the market for such debt will dry up even more quickly than did the market for subprime mortgages. Cards will therefore be much harder to come by and will have much lower limits then they do today. Limited to only the cash in their wallets, Americans will finally be forced to dramatically curtail their spending, and the recession will finally gather serious momentum.
Tags: Finanzen
Labels: USA, Wirtschaft
Donnerstag, 8. Mai 2008
As a business model, Rome’s strategy was obviously flawed; like a credit bubble, it required constant expansion. Still it was nice in the beginning. The early days of the Roman Empire were like the early days of the British Empire or the American Hegemony. Expansion opened up new markets and brought in new supplies of raw materials at better prices. Not only was there booty; there were also slaves.
Quelle: No Modern Government Policy is So Stupid that the Romans Didn’t Think of it First
Doch das Ende war und ist immer rasch absehbar:
[…] the Romans had a solution for every problem. And every solution brought new problems…until the weight of them crushed the whole empire.
Tags: Geschichte, Grossbritannien, Rom
Labels: USA, Wirtschaft
Donnerstag, 8. Mai 2008
A top banker at UBS has been „briefly detained“ by the US authorities investigating whether the Swiss bank helped its American customers evade tax. […] It refused to name the banker but the Financial Times identified him as Martin Liechti, head of UBS’s wealth management operations in North and South America.
Quelle: Top UBS banker detained in US
Für ein paar Rappen Bonus würden diese UBS-Banker wohl auch noch ihre Schwiegermütter Panini-Bildchen Goldfischchen im Aquarium verkaufen …
Wie sagt man so schön: „Ist der Ruf erst ruiniert, lebt sich’s völlig ungeniert.“
Wie immer ganz interessant die Kommentare dazu auf reddit:
A Swiss bank helped Americans evade taxes… isn’t this what Swiss banks are FOR?
Selbstverständlich fällt die Diskussion rasch auf das Heimatland des Steuerflüchtlings zurück – erst die dortige Situation zwingt den quasi in Notwehr handelnden Steuerhinterzieher dazu, sein geliebtes Geld aus dem Land zu schaffen:
I am interested to see redditor’s opinions on tax evasion. On one hand the evasion of the wealthy to pay taxes puts the burden on those who can’t afford swiss banks, yet on the other hand it could be almost patriotic at this point to be denying the government your taxes.
Wobei ich mich dieser Meinung – bezüglich der USA – für einmal anschliessen kann (schliesslich sind wir ja in der USA-Bash-Week) …
Mittwoch, 7. Mai 2008
MBA – Mal Besser Arbeitslos?
What’s clear is that Sprint is run by MBA-trained executives who see everything as a general “business” problem. In their minds, the same things apply to selling phones as toothpaste. How about this idea: Take $100 million and use it to design a better phone?
Quelle: Sprint Spending $100 Million to Advertise iPhone Knock-Off
Tags: iPhone
Labels: Apple, Funny, USA, Wirtschaft
Dienstag, 6. Mai 2008
Runde 999 im USA-Bashing:
[…] the great part of Hillary’s proposal. She’s going to change the law so Americans can sue OPEC! Here changes would, „Allow OPEC Production Decisions to Be Challenged Under U.S. Anti-Trust Law – Currently, OPEC countries cannot be challenged under U.S. anti-trust laws, even when they are engaged in coordinated, commercial activity to control the global oil market.“
Quelle: Hillary ‘Big Govt.’ Clinton Wants America to Sue OPEC
Meine Meinung deckt sich mit derjenigen von Dan Denning:
[…] OPEC nations have to manage their resource-and not for the benefit of American consumers, but for themselves.
Es hat die USA niemand gezwungen, gedankenlos Suburbia in das grüne Feld zu bauen (Fahrzeit zum Job: 1-2 Stunden) und jedermann SUVs kaufen zu lassen.
Tags: Erdöl, Jura
Labels: Energie, USA, Wirtschaft
Montag, 5. Mai 2008
Da es mittlerweile selbst unter den Yankees schick ist, das eigene Land in den Dreck zu ziehen, zitiere ich hier schön brav weiter:
If all Americans could compare Berlin’s luxurious central train station today with the grimy, decrepit Penn Station in New York City, they would swear we were the ones who lost World War II.
Quelle: Who Will Tell the People?
Tags: Zeitgeschehen
Labels: USA, Wirtschaft
Montag, 5. Mai 2008
Die vielen von Diebesbanden leergeräumten und nun unbewohnt verlotternden Suprime-Häusle in den USA sind ein Sinnbild der ganzen Nation:
The world has shifted from anti-Americanism to post-Americanism.
Quelle: The Rise of the Rest
Tags: Zeitgeschehen, Zitat
Labels: USA
Montag, 5. Mai 2008
Risk, as a pure abstraction unconnected to any real capital activity, is all that’s left to buy and sell after all other plausibly practical vehicles for finance have failed. […]
One feature of the risk economy is the Federal Reserve’s new willingness to absorb any sort of crap collateral in exchange for massive cheap loans to insolvent companies and institutions. The Fed has, in effect, made itself the world’s largest financial shit-magnet.
Quelle: THE RISK ECONOMY
Tags: Finanzen, Zitat
Labels: Funny, USA, Wirtschaft