Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Archive: Oct 2008

  1. I discovered a natural cure for low blood pressure – go to a securitization convention and try not to lose your mind

    Ear­lier this week I dis­cov­ered a nat­ural cure for low blood pres­sure when I attended a con­fer­ence for secu­ri­ti­za­tion and struc­tured finance pro­fes­sion­als. For those read­ers who have been in a coma for the last 15 months, it is the secu­ri­ti­za­tion and struc­tured finance pro­fes­sion­als who pimped the cap­i­tal mar­kets and destroyed the global econ­omy. […] [read full story]

    Posted in: CDO, CLO, Confidence, Credit Crisis, economy, Finance, Securitization
  2. Money Supply And Economic Data Weekly Watch – Lots of bad news while money supply hits a new all time high

    Money Sup­ply The Fed is back at it again; its push­ing money sup­ply as it tries to rein­flate the econ­omy. Money sup­ply, as mea­sured by sea­son­ally adjusted M2, hit a new all time high of $7,870.4 bil­lion and on a non-seasonally adjusted basis rose to $7,867.5 bil­lion. How­ever, because the global econ­omy is stuck in […] [read full story]

    Posted in: BANKS, Bernanke, Credit Crisis, Deflation, Economic Statistics, economy, Federal Funds Rate, Federal Reserve, Finance, Fiscal Policy, GDP, Inflation, Liquidity Trap, M2, monetary policy, Money Supply
  3. Regulatory Reform is Needed Now To Prevent The Next Bubble and Crisis

    Like a pet ger­bil run­ning end­lessly on a cir­cu­lar wheel, Gov­ern­ment lead­ers are putting all of us on the eco­nomic tread­mill of ser­ial fail­ure. Calls for an imme­di­ate inves­ti­ga­tion into what went wrong and why are going largely unheeded as gov­ern­ment lead­ers claim that a witch hunt is the last thing we need now. Well, I […] [read full story]

    Posted in: Bernanke, Bush Administration, Chris Cox, Credit Crisis, economy, FDR, Finance, Fiscal Policy, McCain, Obama, Paulson, SEC
  4. Money Supply And Economic Data Weekly Watch – Good News, The End Is Near!

    Money Sup­ply and Other Eco­nomic Data Money sup­ply as mea­sured by sea­son­ally adjusted M2 didn’t change much dur­ing the week end­ing Octo­ber 16th.  It was down slightly but still is hold­ing its newly inflated lev­els after weeks of the Fed­eral Reserve stim­u­lat­ing money sup­ply.  At least for now, shrink­ing real money sup­ply, i.e., money sup­ply going […] [read full story]

    Posted in: Credit Crisis, Economic Statistics, economy, Federal Funds Rate, Federal Reserve, Finance, monetary policy, Money Supply
  5. Money Supply and Economic Data Weekly Watch – We’re In Orbit Now!!

    A few weeks ago I wrote that money sup­ply was about to blast off. And, last week the data showed that the Fed was pump­ing money (as mea­sured by M2 on a sea­son­ally adjusted basis) into the sys­tem at greater than a 100% annu­al­ized rate. Well, this week we’ve reached orbit and are cir­cling the […] [read full story]

    Posted in: Economic Statistics, economy, Euro, European Union, Federal Funds Rate, Federal Reserve, Finance, Fiscal Policy, Liquidity Trap, M2, Money Supply
  6. LIBOR is like the unicorn; both are fiction." rel="bookmark">LIBOR is like the unicorn; both are fiction.

    OK. I con­fess. I can’t take it any­more. I vowed to stop pick­ing on LIBOR and the British Bank­ing Asso­ci­a­tion. But like a smoker that can’t kick the habit I can’t take it any­more; I have to write about LIBOR. LIBOR has been in the news for the last few weeks and is being touted […] [read full story]

    Posted in: British Bankers Association, Finance, LIBOR, Unicorn
  7. Ten reasons why I am glad to be doing business in America

    I am glad to be doing busi­ness in the U.S. and I think that the U.S. is going to emerge from the cur­rent cri­sis stronger and more dom­i­nant than ever before. David Leon­hardt wrote today in the New York Times that the U.S. is “a power that may not stay so super”. I dis­agree. A […] [read full story]

    Posted in: Business Environment, Confidence, David Leonhardt, economy, Finance, Law, New York Times, UNITED STATES
  8. What does it take to be unfit to be an officer or director of a public company?

    I have a ques­tion for Chris Cox, Chair­man of the SEC. What does it take to be deemed unfit to serve as an offi­cer or direc­tor of a pub­lic com­pany? I ask this ques­tion because I made the mis­take of read­ing the Sar­banes Oxley Act and I am now con­fused. I can’t fig­ure out what […] [read full story]

    Posted in: Chris Cox, Confidence, Executive Fitness, Finance, REGULATION, Regulatory Reform, Sarbanes Oxley, SEC
  9. Sorry, big Federal spending doesn’t restore confidence. Five common sense confidence builders.

    Last Fri­day evening I was a guest on FOX Busi­ness and was asked if I thought whether the Paul­son Plan (which had just been approved by the House of Rep­re­sen­ta­tives) would improve con­fi­dence. The answer is an uncon­di­tional NO. Con­fi­dence is an expres­sion of trust in the integrity and wis­dom of our sys­tem and its […] [read full story]

    Posted in: Accounting, Confidence, Criminal Law, Finance, FOX BUSINESS NETWORK, Paulson
  10. Money Supply And Economic Data Weekly Watch – Reprint of A New York Times Economix Blog Post

    Octo­ber 4, 2008, 6:02 pm Will Paulson’s Two Plans Unplug the ‘Liq­uid­ity Trap’? By Mark Sun­shine Editor’s note: Mark Sun­shine, pres­i­dent of the com­mer­cial lend­ing insti­tu­tion First Cap­i­tal, writes a guest post about why we may be head­ing into what’s called a liq­uid­ity trap. This means that mon­e­tary pol­icy, includ­ing interest-rate changes, can’t pre­vent a […] [read full story]

    Posted in: BANKS, Deflation, Economic Statistics, economy, Finance, Fiscal Policy, GDP, Great Depression, Liquidity Trap, M2, monetary policy, Money Supply, Paulson, Tax policy, Wachovia, Wells Fargo