Michael Lewis’s ‘Big Short’ – Investors Foresaw Meltdown – Review – NYTimes.com

Posted by Matt in March 14th, 2010 | 1 comment

Published in Financial, American Housing, American Taxpayers, Billions Of Dollars, Crazy Man, Creditworthiness, Derivatives, Economists, Financial Executives, Fortune, Global Financial Crisis, Housing Bubble, Insanity, Losses, Mathematical Models, Michael Lewis, Money Machine, Recession, Trillion, Wall Street, Wall Street Firms

The global financial crisis of 2008, which economists estimate could result in several trillion dollars of losses and which has already cost American taxpayers billions of dollars in government bailouts, was triggered not by war or recession but by a crazy, man-made money machine, built on flawed mathematical models that most financial executives did not [...]

Chinese hunt for bargains in Dubai | FT.Com

Posted by Matt in January 19th, 2010 | no comment

Published in China, Bargains, Chinese Citizens, Debt Crisis, Investments, Living In Dubai, Losses, Merchants, Middle East Economy, Millionaires, Mr Zhou, Real Estate, Signs, Small Businesses

They have been attracted to the city-state by reports that property prices there have fallen further since the local debt crisis erupted in November, and signs that Dubai’s economy may have bottomed out and begun to recover.
Wenzhou already has strong links with Dubai. Of about 150,000 Chinese citizens living in Dubai, nearly 20,000 are merchants [...]

CIT Woes: Will Bankruptcy Restart the Financial Crisis? – TIME

Posted by Matt in July 16th, 2009 | no comment

Published in Economy, Financial, Bankruptcy, Barney Frank, Blogged, Crisis Time, Democrat, Economic Recovery, Economy, Failure, Fears, Financial Crisis, Flock Browser, Global Financial Crisis, House Committee On Financial Services, Investors, Layoffs, Losses, Massachusetts, Representative Barney Frank, Small Businesses, Woes

If you have followed the 10-month crisis even minimally, you will know the fears that CIT’s failure are fanning again. Analysts say insurers and other large investors could be hit with hundreds of millions of dollars in losses. Small businesses say they could be cut off from credit. That could cause more layoffs and further [...]

Is 1913 Intel Right for You?

Posted by Matt in June 11th, 2009 | no comment

Published in general, 1913 Intel, Big Picture, Big Trouble, Commodity Group, Conflict, Global Financial Crisis, Group Of People, Intel, Interesting Articles, Iran, Israel, Losses, Middle East, Moving, Nonsense, Nuclear Retaliation, Nuclear Weapons, Pandemics, People, Recession, Russia, Syria, Thousands Of Dollars, Types Of People

Since I have announced that I’m moving 1913 Intel over to a membership format, some of you might be wondering why you should subscribe. Is 1913 Intel just a news commodity?
There are two types of people that read 1913 Intel: those that think I’m posting interesting articles, and those that get it.
A lot of people [...]

Israel hints of broader war in region

Posted by Matt in June 9th, 2009 | no comment

Published in Israel, War, Defense Minister, Echelon, Ehud Barak, Flames, Gaza Strip, IDF, Israel, Israel Hints, Israel War, Israeli War, Israelis, Jerusalem Post, Losses, Ordeal, Pace, Scope

Israel’s Defense Minister says the flames of the next Israeli war would engulf a ‘broader’ region while admitting that Israelis must be ready to pay a higher price in terms of losses.
“The IDF’s future operations will be broader and more demanding in terms of their scope and pace, with more risks than Operation Cast [...]

The Looming Crisis in Commercial Real Estate

Posted by Matt in April 22nd, 2009 | no comment

Published in Economy, Borrowers, Commercial Loans, Commercial Real Estate, Commerical Real Estate, Credit Crunch, Deutsche Bank, Financial Crisis, Global Financial Crisis, Losses, Mortgages, Real Estate Loans, Refinancing, Residential Mortgage, Shopping Centers, Time Bomb, Trillion, Two Thirds

The credit crunch has thus far focused on the residential mortgage mess. But with $1.3 trillion in loans to shopping centers and other commercial properties coming due between now and 2013, another time bomb is ticking. In a report scheduled for release on Wednesday, Deutsche Bank estimates that at least half the loans — and [...]

More carnage is on the way for Britain, warns IMF

Posted by Matt in April 21st, 2009 | no comment

Published in Britain, Economy, Financial, Banks, British Economy, Carnage, Debts, Financial Crisis, Financial Institutions, Global Downturn, Global Financial Crisis, Global Financial Stability, Global Financial Stability Report, International Monetary Fund, Loans, Losses, Red Ink, Three Times, Tide

Banks are only a third of the way through the tortuous process of writing down their toxic debts, the International Monetary Fund warned.
The deepening global downturn and rising defaults will push bank losses on soured loans to an extraordinary £1.9trillion, three times current levels, the Washington-based Fund said in its Global Financial Stability Report.
Including all [...]

Hamas undeterred, building back its arsenal, command structure

Posted by Matt in January 20th, 2009 | no comment

Published in Israel, arsenal, Co Chair, Command Structure, counterterrorism, Egypt, Foreign Policy Research, Foreign Policy Research Institute, Hamas, Homeland Security, Israeli Government, Jewish State, Losses, Michael Radu, Militaries, Missiles, Rearmament, rockets, S Center, Terrorist Groups, weapons

The Foreign Policy Research Institute said the Israeli government goal to deter Hamas from attacking the Jewish state was either misguided or mendacious. In a report by Michael Radu, co-chair of the institute’s Center on Terrorism, Counterterrorism, and Homeland Security, Hamas and other terrorist groups were said to be incapable of being deterred by conventional [...]

China on brink of electricity shortfall

Posted by Matt in July 16th, 2008 | no comment

Published in China, Energy, Brink, China Provinces, Coal Prices, Coal Shortage, Dozens, Electricity Tariffs, Faces, Government Set, Losses, Peak Summer Season, Power Plants, Power Shortage, Shortfall

China faces its worst power shortage in at least four years as soaring coal prices and government-set electricity tariffs force dozens of small power plants to shut rather than face mounting losses.
Almost half of China’s provinces have started to ration electricity as the country enters the peak summer season, facing what analysts describe as its [...]