tag:blogger.com,1999:blog-6616959642391988608.post8624458763750067825..comments2024-03-19T02:45:37.685-07:00Comments on Calafia Beach Pundit: Fear subsides, prices rise (8)Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6616959642391988608.post-50427581976415236102009-06-30T04:45:16.805-07:002009-06-30T04:45:16.805-07:00Scott,
Thanks. Very interesting. I was wondering b...Scott,<br />Thanks. Very interesting. I was wondering because reserves have doubled YoY (to $1.77 trillion, according to the Fed's H.3 release) while some banks are looking at a 20% to 100% increase in capital (tier 1, TCE ratio, or other calculations). These forces act against one another in direct proportion at the upper end of the spectrum while reserve expansion has more power at the DaleWhttps://www.blogger.com/profile/16369657928022546882noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53692947959855644102009-06-29T15:38:09.163-07:002009-06-29T15:38:09.163-07:00Fear RISING, Prices CRASHING!....
The number of C...Fear RISING, Prices CRASHING!....<br /><br /><i>The number of California hotels involved in a foreclosure action or in default has risen 125 percent in the past 60 days.<br /><br />Thirty-one hotels have been foreclosed upon, the Irvine-based Atlas Hospitality Group reported Friday.<br /><br />There are 175 hotel properties in default on their notes right now.<br /><br />Those properties already alstryhttps://www.blogger.com/profile/16025398896639165994noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21860686366302611872009-06-29T15:04:26.416-07:002009-06-29T15:04:26.416-07:00Dale: Increased capital standards would limit the ...Dale: Increased capital standards would limit the money multiplier, but the expansion of bank reserves exceeds this limiting factor by orders of magnitude. On a related subject, it seems to me that the deleveraging phenomenon--both voluntary and forced--is being largely ignored. That is probably at least as important as increased capital standards in limiting money expansion. You can't force Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13696782235765992212009-06-29T15:01:22.275-07:002009-06-29T15:01:22.275-07:00Inflation is always and everywhere a monetary phen...Inflation is always and everywhere a monetary phenomenon. It is amazing how people rty to explain this away.<br /><br />Eventually, like 2001-2003, the Fed will make it so painful to hold cash that the market (bubble) will respond accordingly.<br /><br />Giddy up cowboys cuz this here is the wildest ride in the wilderness.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88077527791182532832009-06-29T14:48:13.544-07:002009-06-29T14:48:13.544-07:00Scott,
Does the increase in capital standards for ...Scott,<br />Does the increase in capital standards for US bank holding companies reduce the power of the money multiplier to translate greater bank reserves to new risk assets? If so, is the unprecedented rise in bank reserves perhaps less of a worry if the power of the money multiplier has been reduced.<br />Thanks,<br />DaleDaleWhttps://www.blogger.com/profile/16369657928022546882noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80987392159024280442009-06-29T14:16:52.356-07:002009-06-29T14:16:52.356-07:00I guess this means we can now begin our gradual de...I guess this means we can now begin our gradual descent ;)Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67544213166514314392009-06-29T13:49:06.163-07:002009-06-29T13:49:06.163-07:00Still long HYG, still thinking that easy money plu...Still long HYG, still thinking that easy money plus even a very modest recovery equals good news for all debtors, given current pricing which is still fearful of huge default rates.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21220880960575502032009-06-29T13:25:19.252-07:002009-06-29T13:25:19.252-07:00Scott, wondering if you are still long HYG?? You...Scott, wondering if you are still long HYG?? Your current thoughts on high yield debt would be greatly appreciated. Thx.jjhttps://www.blogger.com/profile/00382970468577051096noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33070421709134044262009-06-29T11:17:53.765-07:002009-06-29T11:17:53.765-07:00WILL FEAR RETURN????
Struggling cities cancel Fou...WILL FEAR RETURN????<br /><br /><b>Struggling cities cancel Fourth of July fireworks<br /><br />Nearly 50 cash-strapped cities nationwide are forgoing fireworks festivities.....</b><br /><br /><i>Reporting from Euclid, Ohio -- Mayor Bill Cervenik has spent a lifetime celebrating the Fourth of July curled up on a blanket in this city's Memorial Park beneath bursts of fireworks across a alstryhttps://www.blogger.com/profile/16025398896639165994noreply@blogger.com