Author Archive
The 1.8 trillion dollars bailout
CNBC has made an interesting analysis on the US government bailout of the financial crisis.
It’s not just 700bn$, more like 1.8trn$. Quick laundry list:
700bn$ recently announced plan to buy assets from bank
150bn$ MBS purchase by Fannie and Freddie
85bn$ for AIG
90bn$ in repayment to JPM for Lehman
200bn$ for Freddie and Fannie
300bn$ for FHA
200bn$ of currently outstanding […]
The pessimists are the true optimists
When it is down to human-made forecast of complex project delivery time-lines, you’re always going to be wrong. But how much wrong is a topic of particular interest, especially in business. Say you expect to deliver a project in 60 days. You know it’s almost sure it will take longer (Murphy’s law are quite right). […]
So you wanna bailout the whole world?
Courtesy of Bloomberg a possible explanation of the 600points Dow swing that today blew up all the (sensible and justified) short positions in financials. Apparently, we are heading toward some pretty serious system-wide bailout.
“Schumer urged forming an agency to inject funds into financial companies in exchange for equity stakes and pledges to rewrite mortgages and […]
Lehman and Merrill
OK - this is old now. I wrote it early this morning, and the world changed egain, but hey! Why should I not post it?
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At the end, it did happen. A “major” financial institution has gone bust. So the FED has sort of “saved the face” with regard to Moral Hazard. Merrill would have probably […]
Chrome
I think Google’s browser is a good piece of software. I am using it, and find it quite cool. Not that is anything much beyond Firefox, but it’s nice to use new things.
What really disturbs me is the T&C, where they state that, plain and simple, any content produced with Google browser becomes IP of […]
Lehman
Interesting weekend.
With Lehman collapsing, a lot of top dogs in Wall Street are trying to see if there is still some meat left, or if it’s just bones. The Government and the FED are trying to see if the bank can be saved without taxpayer money. Might be a bit late after having put them […]
Wow!
Ok I am sorry and I have to apologise. Been quiet for quite a while, but have been travelling a bit, went on vacation for long and been quite busy with my work.
Also, have been quite shocked at what happened recently in the world. Probably about to recover as I write.
To summarize:
Freedie and Fannie went […]
The economy slow down and online advertising
We surely are in an economic slowdown, if not in a recession. Some even say a depression. How long it is going to last isn’t easy to say. Some say months, some say quarters, some others (a few, in fairness) say years. I say at least quarters, and I say recession, without inflation.
So what is […]
Deflation? What’s it?
Minyanville wrote an interesting post on deflation. It’s an understandable (i.e. not technical) and condensed explanation of some fo the reasons why US is technically in deflation, and what it means.
I think it is definitely worth taking the time to read it. It’s just literally 3 minutes, a simple VSI (very short introduction).
Click here to […]
MSN Cashbacks: your personal ATM
Here (apparently) goes the story:
1- you register as an Ebay seller, or find one that has the product described below at poin 2)
2- set up a 750$ cash product (i.e. customer pays 750$ via PayPal to get 750$ cash)
3- the cashback appears to be 35%, i.e. 250$ circa
4- buy your own cash product
5- walk away […]