-
Checkout my iOS App -
Recent Posts
Recent Comments
- charvey on Bundesbank Special Ops Group (Deutsche Mark Reappears?)
- Lars Erik Morin on Bundesbank Special Ops Group (Deutsche Mark Reappears?)
- Austin Kairnes on Three intro videos on Bitcoin
- Johnd269 on The Last Man Standing
- Johna689 on QE Won’t Work This Time
Archives
- April 2020
- January 2015
- August 2014
- July 2014
- June 2014
- April 2014
- May 2013
- November 2012
- October 2012
- September 2012
- July 2012
- May 2012
- April 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- November 2010
- October 2010
- September 2010
- July 2010
- May 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
Categories
Meta
Tag Archives: Campbell Harvey
Moral Hazard Everywhere
Here are my talking points for my Fox Business News interview. Watch my interview. Why should all the bailout money be focused on financial institutions? It is seems a matter of fact but no one has really challenged the logic. … Continue reading
Reflecting on the Stress Tests
Most of the reporting on the stress test focused on the number of banks passing the test and the doable amount of capital the failing banks needed to raise. The tough question was not asked: if the stress test wasn’t … Continue reading
Four interviews
Obama scorecard President Obama means well and is doing a great job in many areas. However, I fear that we are perpetuating the same policies of the previous administration when it comes to the financial sector. It is simply not … Continue reading
Posted in Finance
Tagged Add new tag, Campbell Harvey, Financial Crisis, Stress Test
Leave a comment
Green Shoots and Agent Orange
At best, we have seen a pause in the economic decline. It is too early to call a trough. Surging unemployment will act like Agent Orange on those “green shoots”. While we have every reason to be worried about a … Continue reading
The Public-Private Investment Voodoo
Each of the three programs announced by the Secretary of the Treasury today has the same theme: the private investor has a limited downside and a huge upside – the American taxpayer bears almost all the downside and gets shafted … Continue reading
Posted in Finance
Tagged Campbell Harvey, Financial Crisis, PPIF, PPIP, Public-Private Investment Program, TALF, Treasury
11 Comments
AIG and Faux Transparency
AIG disclosed some of the firms that benefited from the government bailout. Essentially, the government money was largely used to pay off other firms. I have a few comments. 1. AIG’s customers were either using AIG for hedging positions or … Continue reading
Hemorrhaging Jobs
The losses are staggering. If the pace of January and February continued through the year, we would lose 8.4 million jobs in 2009. That is unlikely, but it will be ugly. Consider the following facts. The percentage job losses have … Continue reading
Posted in Finance
Tagged Add new tag, Campbell Harvey, Financial Crisis, Stress Test, Unemployment
4 Comments
That Sinking Feeling
AIG is back to the trough for another $30 billion. We already gave them $150 billion. AIG — supposedly a firm in the insurance business — got into trouble taking an astounding $450B unhedged bet in the Credit Default Swap … Continue reading
That’s Not a Stress Test
We finally got the information on the stress tests. The government will consider two scenarios: baseline and worst case. The goal of the stress test is to see if banks have the capital to weather a darker storm. However, and … Continue reading
Taxpayer=Loser
You hear the buzz about the nationalization of Citi? What does this mean? The U.S. government has dropped $45 billion of cash on Citi and another $250b in debt backstops (guarantees). There is talk of converting some of the $45b … Continue reading