tag:blogger.com,1999:blog-1258979445050968882.post511471726370607584..comments2023-11-26T06:55:42.401-05:00Comments on [ The Financial Ninja ]: Credit Crunch, Bank Failures, Moral Hazard and Adverse SelectionBen Bittrolffhttp://www.blogger.com/profile/12465978905157927856noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1258979445050968882.post-46187722394924306982010-08-25T01:11:28.519-04:002010-08-25T01:11:28.519-04:00If you have been having no problems UGG Classic Sh...If you have been having no problems <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>UGG Classic Short</strong></a> in running or racing, it would be hard to recommend a change of shoe. It is difficult, if not impossible to improve <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>Classic Short Boots</strong></a> upon a situation in which all is going great. I would advise getting a few pairs of what seem to be your <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>Classic Short ugg boots</strong></a> favorite shoes before the manufacturer changes the shoe. Historically unannounced changes are often made by manufacturers. This can vary from a subtle change in the cushioning around the heel to a major <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>Classic Short uggs</strong></a> structural midsole change. Manufacturers have discontinued a model of shoe, only to resume production a few years later <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>ugg 5825</strong></a> with a line of shoes boasting the same name, but with completely different characteristics.Unknownhttps://www.blogger.com/profile/04818189792937002419noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-28933224058337522452008-08-13T17:53:00.000-04:002008-08-13T17:53:00.000-04:00ninja... just wanted to thank you for all the time...ninja... just wanted to thank you for all the time you took to run the charts and commentary. it is appreciated. arnoldarnoldsimagehttps://www.blogger.com/profile/06074553482102994388noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-72621845298592566182008-08-13T09:11:00.000-04:002008-08-13T09:11:00.000-04:00Ben:Thanks for the lecture. I know what I need to ...Ben:<BR/><BR/>Thanks for the lecture. I know what I need to do protect myself and my family. I have already down all those things. I've also been writing my congressmen many many times for years to no avail. I agree that until we as a society rise up and revolt, no large scale changes will be made.<BR/><BR/>Unfortunately, when families have both parents working to barely make ends meet, there isn't a lot of time or energy to plan a protest march.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-87803315371845962692008-08-12T14:49:00.000-04:002008-08-12T14:49:00.000-04:00Brant,Believe me when I say I really really want t...Brant,<BR/><BR/>Believe me when I say I really really want to put the 'Really Scary Charts' but the Federal Reserve Bank of St. Louis hasn't updated the monthly data yet...Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-25231341955277648882008-08-12T12:01:00.000-04:002008-08-12T12:01:00.000-04:00Ben,I was curious about the current "Really Scary ...Ben,<BR/><BR/>I was curious about the current "Really Scary Fed Charts". I went over to the St. Louis Fed link to compare current to your March/April charts. Can you send out another round of those and maybe compare to few months ago?<BR/><BR/>The left scale on the BORROW graph has increased from 50B to 200B with then ~45B to now ~175B and on the BOGNONBR graph from -20B to -150B with then ~-5B to now ~-130B. Are these graphs/info still valid or are they still trying to sugar coat them?<BR/><BR/>Thanks for all your services here even with all the madness. I just wish the powers would let this thing correct without building more on the house of cards. Yes, it would hurt but better now than down the road.<BR/><BR/>Brant, Atlanta, GAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-5229903218314990642008-08-12T11:08:00.000-04:002008-08-12T11:08:00.000-04:00Stuart,First, inflation lags. So pent up inflation...Stuart,<BR/><BR/>First, inflation lags. So pent up inflation is feeding thru the the system. What we see now in the numbers is actually the past.<BR/><BR/>Second, relative price changes in goods and services can easily be confused for inflation. For example, the price of bread triples while housing prices collapse. Depending on your measures of 'inflation' you could have raging inflation or raging deflation.<BR/><BR/>Third, you can have inflation in one geographic location in one currency and deflation in another. In this case, developed economies are in a deflationary spiral, while emerging economies are still in the tail end of an inflationary spiral.<BR/><BR/>BOTTOM LINE: Contracting global credit will crush global inflation. But the transition will be messy.Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-2092977191661967082008-08-12T10:45:00.000-04:002008-08-12T10:45:00.000-04:00Ben, you mention in your post a global credit cont...Ben, you mention in your post a global credit contraction, yet you also site examples of worldwide inflation breaking out. Can you reconcile how we have worldwide inflation if we have global credit contraction?<BR/><BR/>thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-62196038022750535922008-08-12T09:40:00.000-04:002008-08-12T09:40:00.000-04:00Dougiefreshh,Crude and Natgas are kinda interestin...Dougiefreshh,<BR/><BR/>Crude and Natgas are kinda interesting around here for a long 'trade'.Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-32180048239491960662008-08-12T09:39:00.000-04:002008-08-12T09:39:00.000-04:00Randy,There is a huge difference. HUGE.A 'good' ba...Randy,<BR/><BR/>There is a huge difference. HUGE.<BR/><BR/>A 'good' bank would tell a 'strawberry picker' trying to qualify for a $750k mortgage to shove it.<BR/><BR/>A 'bad' bank would have extended the credit.<BR/><BR/>US taxpayers don't have to pay. They really don't. You live in a democracy. Where are the protests? Where is the action? Where is the debate and the mobilization? <BR/><BR/>The government and the Federal Reserve don't make sure you foot the bill. YOU make sure you foot the bill because YOU do nothing to prevent it.<BR/><BR/>If your vote doesn't make a difference, vote with your money (it's only a mouse click to send it overseas) or vote with your feet. It's that simple. No excuses.<BR/><BR/>The future of your children and your country is at stake.Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-49075876320390602012008-08-12T09:37:00.000-04:002008-08-12T09:37:00.000-04:00Ben:I agree on DUG. Losing speed here. WTF with S...Ben:<BR/><BR/>I agree on DUG. Losing speed here. <BR/>WTF with SKF?!?!? - do people think lower oil prices will give the banks breathing room? do people think that $0.10 less per gallon will put people back on top of making mgtg payments on their homes with -10% equity?<BR/><BR/>I often ask myself "if money is pulling out of housing/financials, where is it going?"....and then I remember, "oh yea, it really wasn't there to begin with...it was all credit...not "real" money."<BR/><BR/>Is there anything long worth considering?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-19594787925543088942008-08-12T09:31:00.000-04:002008-08-12T09:31:00.000-04:00what's the difference between the "good banks" hav...what's the difference between the "good banks" having to pay for the ones that took more risk and us taxpayers having to pay for people that got foreclosed on because they had no business getting a $500,000 loan when their income was $40,000 a year?<BR/><BR/>Not a damn thing. The government. and by that I mean the federal reserve will always ensure the taxpayer foots the bill.Anonymousnoreply@blogger.com