tag:blogger.com,1999:blog-6616959642391988608.post6586961570206225388..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Shipping activity continues to be strongScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6616959642391988608.post-91952751959022254872010-05-27T18:08:09.934-07:002010-05-27T18:08:09.934-07:00Mark-to-market requirements could certainly cause ...Mark-to-market requirements could certainly cause problems for banks with lots of real estate exposure. Brian Wesbury was one of the first to argue that MTM was one of the chief causes of the 2008-9 financial crisis.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11784078271770117332010-05-27T08:05:12.002-07:002010-05-27T08:05:12.002-07:00There is another roadblock out there to consider, ...There is another roadblock out there to consider, which is FASB’s intention to expand mark-to-market accounting for the loan books of the banks (where commercial real estate prices are currently running about 40% below book) which would surely put the whole financial system into insolvency (and as a result, unlikely to occur). It's not only the European banks that are in trouble, home grown Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61556433009603638612010-05-27T08:02:07.254-07:002010-05-27T08:02:07.254-07:00I do not think it's the $400 billion in your s...I do not think it's the $400 billion in your statement that has people worried. It's the $40 trillion you mention that we all no will never get paid back.<br /><br />Therein lies the problem...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81201156274499153972010-05-26T20:38:51.164-07:002010-05-26T20:38:51.164-07:00Mr. Grannis:
“…..counterparty risk inherent in th...Mr. Grannis:<br /><br />“…..counterparty risk inherent in the European banking system.”<br /><br />Excellent point.!<br /><br />Have a question for you: is it the medium and long term aggregate EU banking system counterparty risk that is really the issue that needs examined?W.E. Heasleyhttps://www.blogger.com/profile/00368333904571061995noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19072682826795063332010-05-26T19:43:22.918-07:002010-05-26T19:43:22.918-07:00That makes sense. Thanks for explaining it again....That makes sense. Thanks for explaining it again. I had also forgotten about the earlier post. Thanks for allaying my fears.Billhttps://www.blogger.com/profile/05145490918994594519noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-15619095930590118502010-05-26T19:24:35.100-07:002010-05-26T19:24:35.100-07:00Bill: First, I suggest you read my post from last ...Bill: First, I suggest you read my post from last week on the issue of growth in the money supply:<br /><br />http://scottgrannis.blogspot.com/2010/05/m2-myth-money-is-not-in-scarce-supply.html<br /><br />Bottom line: slow or negative growth in money today is "payback" for very rapid growth in money leading up to last year. There is no reason at all to think that there is a shortage of Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72160867151811326752010-05-26T19:19:06.174-07:002010-05-26T19:19:06.174-07:00Bill,
Scott addressed this recently. Check the me...Bill,<br /><br />Scott addressed this recently. Check the menu to the left. The post is titled, "the M2 myth".Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76569024871364762382010-05-26T19:07:31.244-07:002010-05-26T19:07:31.244-07:00Scott: I have seen improvements in my business an...Scott: I have seen improvements in my business and am also optimistic as to our economic future. I must say however that this article gave me pause: <br /><br />"The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history. <br /><br />Billhttps://www.blogger.com/profile/05145490918994594519noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30650746779746638182010-05-26T18:56:58.358-07:002010-05-26T18:56:58.358-07:00Netapp (NTAP) released earnings tonight and the hi...Netapp (NTAP) released earnings tonight and the hit the ball out of the park. Margins were high and sales were strong. Future earnings will be revised upward. <br /><br />Mark Mobius, manager of several billion dollars of international equity capital says we are in a correction in a bull market. He is buying beaten down stocks all over the world. A man with skin in the game who pays when he is Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.com