子夜读书心筆
写日记的另一层妙用，就是一天辛苦下来，夜深人静，借境调心，景与心会。有了这种时时静悟的简静心态， 才有了对生活的敬重。
博文
(2009-01-20 17:45:19)
AllChina’sfault?TheUSfinancialcrisiswasdrivenbylowUSratesandafailureofriskmanagementChina’sexternalimbalancescontributedtotheproblem,butdidnotcauseitTheBrettonWoodsIIsystemismorphing,withunclearconsequencesInarecentinterviewwiththeFinancialTimes,USTreasurySecretaryPaulsonsaidhebelievedthatChinahelpedtocreatetheglobalcreditbubblebysavingtoomuch–andlendingthosesavingstotheUnitedStates.‘Paulsonsa...[阅读全文]
(2009-01-20 17:32:59)
AsianolongerapanaceaforbanksBySameeraAnand|21January2009
TheAsiancommercialbankingoperationsofglobalbanksarelosingtheirshineasthedislocationcausedbytheglobalrecessionimpactscompaniesintheregion.
Asrecentlyasthemiddleoflastyear,bankslikeHSBCandStandardCharteredwerebeingtoutedasbetterinvestmentsthansomeoftheirglobalcounterpartsbecauseemergingmarketswereslowinglessthanothers.Butitisnowgeneral...[阅读全文]
TheAsiancommercialbankingoperationsofglobalbanksarelosingtheirshineasthedislocationcausedbytheglobalrecessionimpactscompaniesintheregion.
Asrecentlyasthemiddleoflastyear,bankslikeHSBCandStandardCharteredwerebeingtoutedasbetterinvestmentsthansomeoftheirglobalcounterpartsbecauseemergingmarketswereslowinglessthanothers.Butitisnowgeneral...[阅读全文]
(2009-01-20 17:30:18)
EraofcheapoilisoverByNickFerguson|21January2009
Forgetaboutcheapgasoline,today'slowoilpricemasksaloomingenergycrisisthatcoulddwarfthecurrenteconomicproblems.
Ifyouthoughtthingscouldn'tgetanyworsethanacollapseoftheglobalfinancialmarkets,thinkagain.Theeconomicmeltdownisagoodreasontobegloomy,forsure,butanunder-reportedstudybytheworld'sleadingenergyagencyrecentlyraisedthespectreofacollapseinth...[阅读全文]
Forgetaboutcheapgasoline,today'slowoilpricemasksaloomingenergycrisisthatcoulddwarfthecurrenteconomicproblems.
Ifyouthoughtthingscouldn'tgetanyworsethanacollapseoftheglobalfinancialmarkets,thinkagain.Theeconomicmeltdownisagoodreasontobegloomy,forsure,butanunder-reportedstudybytheworld'sleadingenergyagencyrecentlyraisedthespectreofacollapseinth...[阅读全文]
(2009-01-20 17:22:33)
BankssinkdeeperintocrisisonObama'sfirstday
TuesdayJanuary20,8:07pmET
ByStevensonJacobsandSaraLepro,APBusinessWritersBottomfallsoutofbankstocksasinvestorsexpectneedforfarmoreaggressivebailoutstepsNEWYORK(AP)--ThebankingcrisistookanuglyturnfortheworseTuesday.SharesofmajorbanksplungedasinvestorsfearedthatWashington'sbailouteffortswerestalling,potentiallyforcingPresidentBarackObama'snewlyinsta...[阅读全文]
TuesdayJanuary20,8:07pmET
ByStevensonJacobsandSaraLepro,APBusinessWritersBottomfallsoutofbankstocksasinvestorsexpectneedforfarmoreaggressivebailoutstepsNEWYORK(AP)--ThebankingcrisistookanuglyturnfortheworseTuesday.SharesofmajorbanksplungedasinvestorsfearedthatWashington'sbailouteffortswerestalling,potentiallyforcingPresidentBarackObama'snewlyinsta...[阅读全文]
(2009-01-20 17:19:15)
美国总统奥巴马在国会山的就职宣誓典礼结束，奥巴马和众人握手谈话正在离开现场。之后，奥巴马和拜登将护送布什参加离任仪式。之后再前往白宫参加午餐会奥巴马夫妇和全场嘉宾、民众一起唱国歌美国海军合唱团SeaChanters合唱国歌奥巴马就职演讲全文 Myfellowcitizens: Istandheretodayhumbledbythetaskbeforeus,gratefulforthetrustyouhavebestowed,mindfulofthesacrificesbornebyourancestors.IthankPresidentB[阅读全文]
(2009-01-19 22:17:22)
THEGREATEXPERIMENT
QuarterlyReviewandOutlook--FourthQuarter2008
HoisingtonInvestmentManagementCompany
ThelateNobelLaureate,MiltonFriedman,notedinhis1963book,MonetaryHistoryoftheUnitedStates(coauthoredwithAnnaSwartz),thatthemoneystockdecreasedbyamassive31%intheGreatDepression.Theturnoverofthatmoney,calledvelocity,fell21%.NominalGDPequalsmoneymultipliedbyvelocity.Consequently,from1929to1...[阅读全文]
(2009-01-19 17:24:38)
Op-EdColumnist
WallStreetVoodoo
ByPAULKRUGMAN
Published:January18,2009
Old-fashionedvoodooeconomics—thebeliefintax-cutmagic—hasbeenbanishedfromcivilizeddiscourse.Thesupply-sideculthasshrunktothepointthatitcontainsonlycranks,charlatans,andRepublicans.Butrecentnewsreportssuggestthatmanyinfluentialpeople,includingFederalReserveofficials,bankregulators,and,possibly,membersoftheincomi...[阅读全文]
WallStreetVoodoo
ByPAULKRUGMAN
Published:January18,2009
Old-fashionedvoodooeconomics—thebeliefintax-cutmagic—hasbeenbanishedfromcivilizeddiscourse.Thesupply-sideculthasshrunktothepointthatitcontainsonlycranks,charlatans,andRepublicans.Butrecentnewsreportssuggestthatmanyinfluentialpeople,includingFederalReserveofficials,bankregulators,and,possibly,membersoftheincomi...[阅读全文]
(2009-01-19 17:04:24)
Citi'sgoodbank,badbanksolutionByDanielInman|20January2009
Citi’srestructuringisbothachangeindirectionandareturntosimplicity,butsomeperceiveitmaybetoolittle,toolateforthecurrentmanagement.
Inanearlyaddresstoemployeesaftertakingchargeinlate2007,Citi’sCEOVikramPanditsuggestedthatonewaythefinancialbehemothcouldtacklethesubprimecrisiswastosplititselfintoabadbankandagoodbank.Accordingtothispla...[阅读全文]
Citi’srestructuringisbothachangeindirectionandareturntosimplicity,butsomeperceiveitmaybetoolittle,toolateforthecurrentmanagement.
Inanearlyaddresstoemployeesaftertakingchargeinlate2007,Citi’sCEOVikramPanditsuggestedthatonewaythefinancialbehemothcouldtacklethesubprimecrisiswastosplititselfintoabadbankandagoodbank.Accordingtothispla...[阅读全文]
(2009-01-19 17:01:46)
HSBC'swoesmountBySameeraAnand|20January2009
HSBCtellsinvestorsitscapitalsituationissoundfollowingdowngradesonitsstockandanothersalvofromactivistinvestorKnightVinke.
HSBCissuedastatementyesterdaysayingit“hadnotsoughtcapitalsupportfromtheUKgovernmentandcannotenvisagecircumstanceswheresuchactionwouldbenecessary”.Thebankwentontoreiteratethatitisstronglycapitalisedandcommittedtomaintainingthi...[阅读全文]
HSBCtellsinvestorsitscapitalsituationissoundfollowingdowngradesonitsstockandanothersalvofromactivistinvestorKnightVinke.
HSBCissuedastatementyesterdaysayingit“hadnotsoughtcapitalsupportfromtheUKgovernmentandcannotenvisagecircumstanceswheresuchactionwouldbenecessary”.Thebankwentontoreiteratethatitisstronglycapitalisedandcommittedtomaintainingthi...[阅读全文]
(2009-01-18 18:01:41)
美国股市尚无持续上扬迹象自去年11月末以来，股票投资者一直在提防着任何可能给不安的市场造成恐慌气氛的新危险因素，然而他们的关注点出现了偏差。
实际上，新年之初困扰股市的梦魇不是什么始料未及的风险，而是一种始终挥之不去的担忧──即在金融系统的核心，事态究竟恶化到了什么地步。尽管美国政府已经向银行业投入了巨额资金试图以解决问题，但金融系[阅读全文]
实际上，新年之初困扰股市的梦魇不是什么始料未及的风险，而是一种始终挥之不去的担忧──即在金融系统的核心，事态究竟恶化到了什么地步。尽管美国政府已经向银行业投入了巨额资金试图以解决问题，但金融系[阅读全文]
