Systemic Risk

Here is Housing Doom’s fifth installment of our unauthorized annotated transcript of the American Enterprise Institute’s October 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Chris Whalen. He makes use of a slide deck.[2] Here is the official transcript. […]

As the retail and commercial real estate domino falls, we are about to enter a whole new mortgage default crises that was never planned for; but one that a smart third grader could have seen coming.
Doom friend Mike sends along these happy thoughts to kick off the Holiday Shopping Season — including a special offer […]

but … "Great Britain’s main city has the best infrastructure of lawyers, accountants and financial experts in the world. "
…
Crina Boros: There are still issues to be discussed about the economic crisis.
George Iacobescu: They cut down forests to write about it. I believe that such an economic crisis had never happened before. The entire mankind […]

 
"Bill Gross must be smiling"
 
That quote comes from the comment thread for Calculated Risk’s post [1] covering a new Fed program to buy up to $600 billion of GSE Agency Debt. It’s not often that our blogging world invades the kitchen at Doom North, but CBC News World at Six Tuesday at suppertime had […]

Looks like Professor Nelson’s article (cited by us here) is gaining traction internationally, as well it should.
La référence en matière de crise est aujourd’hui fournie par 1929. L’historien Scott Reynolds Nelson, dont la mémoire est par nature plus longue que celle des médias, nous rappelle le précédent de 1873, qui pour lui est l’archétype de […]

By now the Citi bailout is almost certainly in the bag, so that should keep everyone busy over the short pre-holiday week.  However, I’d like to get one thing out of the way before everyone starts agonizing over Black Friday and Ben’s mea culpa.
Yesterday one of the local Seattle papers had a speculative piece about […]

Here is Housing Doom’s fourth installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Tom Zimmerman. He makes use of an extensive slide deck.[2] There is now an […]

"The false economy brought on by government-induced inflation and nearly unlimited credit seemed as if it would go on forever… but forever is a long, long time."
Doom friend Mike has collected a Murderer’s Row from the malls.  This does not look good.
What, Me Worry? “They” will come to the Rescue
by Mike Folkerth
Truer words were never […]

"The false economy brought on by government-induced inflation and nearly unlimited credit seemed as if it would go on forever… but forever is a long, long time."
(mistake in earlier version of the title — hate it when that happens )
Doom friend Mike has collected a Murderer’s Row from the malls.  This does not look […]

Here is Housing Doom’s third installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Nouriel Roubini.
Highlights
"… there’s a growing recognition that this was not just a subprime mortgage problem …"
"… […]