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Bozzor's Archive
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Twenty Economic Models Explained...
Mon May 25, 2009 5:38 AM EDT
(with apologies to all my friends at 85 Broad and any Trans-Tasman sheep f#$kers...) SOCIALISM You have 2 cows. You give one to your neighbour. COMMUNISM You have 2 cows. The State takes both and gives you some milk.
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FASB eases mark to market rules for US banks
Seeded on Thu Apr 9, 2009 5:56 AM EDT (Australian News Network)
This is not just a boring accounting story: this is an obscence scandal that will once again pull the wool over investors eyes, allowing companies to assign ridiculous future values on assets, rather than placing the only truly measurable value on them - today's price.
Money's short to pay for new Boeing, Airbus jets, experts warn
Seeded on Wed Mar 18, 2009 5:23 AM EDT (The Seattle Times)
Both Boeing and Airbus have weathered the financial storm relatively well thanks to a huge ordeer backlog: however, the unique and complex world of aircraft financing has been brutally battered and as a result, completed planes may simply not be able to be picked up by airlines e …
"...the equivalent of three levels of dog @!$%# "...The End of Wall Street's Boom
Seeded on Tue Mar 10, 2009 8:25 AM EDT (Portfolio.com: Top 5)
A superb piece by someone who saw it coming 2 decades ago. Michael Lewis was somone who was at the nexus of the game a long time ago, and has managed to find another group of people for whom this crisis was vindication of what the corruption of free enterprise can lead to.
Banking System Nearly Evaporated Last Fall
Seeded on Sat Feb 21, 2009 5:38 AM EST (NewsMax)
I have heard a few whispers of this over the past few months but this largely confirms how close it all came to ending: whilst it may be hard for some to expect that the world system is so fragile that it could blow itself apart as per this article, the reality is that our financ …
Why America is broke: Federal obligations exceed world GDP
Seeded on Sun Feb 15, 2009 1:52 AM EST (WorldNetDaily News )
When are people going to wake up and understand what is happening? As if spending any more will get America out of the mess that has been ignored for too long...
Iceland's Meltdown
Seeded on Sat Dec 13, 2008 12:23 AM EST (theatlantic.com)
A very nice graphic of what went wrong with Iceland. Don't laugh, America may well be next...
Porsche hits record results on the back of VW shares
Seeded on Sat Nov 8, 2008 10:20 PM EST (The Sydney Morning Herald)
Porsche car and SUV sales have taken a brutal hammering and the situation is likely to get much worse very soon. Yet Porsche's financial results are obscenely the best ever. Why? Porsche is not only good at making cars, but at also making brilliant financial plays...
Taiwan implicitly questions credit-worthiness of US government
Seeded on Sat Oct 25, 2008 10:49 PM EDT (Barron's Markets)
This will only be reported sporadically, but it represents one of the most dangerous turns yet in the credit crisis: a major sovereign holder of US debt and an ally of the US is questioning the viability of US government guarantee.
Lehman Brothers Lists Debts Of $613 Billion In Chapter 11 Filing Monday
Seeded on Mon Sep 15, 2008 9:03 AM EDT (CNN)
Ummm...well what can I say? This is absolute criminality...and probably understated. The assets are supposed to be worth $639 billion, but in reality there is no way they will come anywhere near to having cash of this value.
Final Gasps of a Doomed Currency: the slow desmise of the US$
Seeded on Mon Sep 15, 2008 5:07 AM EDT ()
The reality of Lehman Brothers is that it is but one ember in a firestorm that is about to embark the entire global financial landscape.
Goldman Sachs kicking Citigroup - takeover looming?
Seeded on Thu Aug 21, 2008 8:13 AM EDT (Yahoo! Finance)
The old adage that you should "Never kick a man when he's down because when he gets up, he may be greater than you" is now "when a man is down, make sure you kick him hard enough that he will never get up again." Goldman Sachs has taken a brutally agressive tone against the wanin …
US airline catastrophe looming
Seeded on Sat Jun 14, 2008 8:54 PM EDT (The Sydney Morning Herald)
In many ways, the current oil prices are a more serious threat to the US airline industry than the dark days of post-9/11 - even then there was a quiet consensus that the crisis would blow over.
What Airbus Learned from the Dreamliner
Seeded on Sat Apr 19, 2008 6:14 AM EDT (Business Week)
The A350-XWB is going to be Airbus' answer to the 777 as well as the 787 and you can bet Airbus has been carefully studying Boeing's pain with the latter's development, learning such advanced ideas as not making stupid promises pertaining to outside suppliers you have no control …
Boeing to ask unions to drop pension plans for new hires
Seeded on Sat Apr 19, 2008 5:40 AM EDT (Seattle Post-Intelligencer)
Among the many benefits of being an employee for Boeing, the pension plan was high on the list.
Merrill and Citigroup wield axe as 3,500 London jobs set to be cut
Seeded on Sat Apr 19, 2008 5:32 AM EDT (Telegraph)
The jobs that will be cut are largely for people that were lucky to be in investment banking to start with, but some of theose cuts will impact highly capable people who have been caught up in the fallout from the greed and bad decisions of those who preceeded them.
Did Boeing Go Too Far In Open Innovation?
Seeded on Tue Apr 1, 2008 5:18 AM EDT (Business Week)
Outsourcing without doing proper due diligence as to who would end up doing the bulk of the work leads to...well, where Boeing is right now: havign to buy up partners and take work back in house.
Dreamliner is turning into a nightmare for Boeing
Seeded on Sat Mar 29, 2008 10:09 PM EDT (Telegraph)
I could not have put it better myself. Boeing management have been living in a fairyland of self delusion with this program, listening to marketing more than the engineering teams.
Fed's rescue halted a derivatives Chernobyl...but for how long?
Seeded on Mon Mar 24, 2008 5:39 AM EDT (Telegraph)
The bailout of Bear Sterns delayed a catastrophe...but it may not have prevented it. The complex web of derivatives that are managed and owned by many key players make any possible failures suicidal for the entire financial system.
Boeing Acknowledges Redesign Work on Dreamliner
Seeded on Fri Mar 21, 2008 6:24 AM EDT (Wall Street Journal)
Here we go again...issues that were brought up to management months ago - and should have been made public shortly afterwards - have been allowed to simmer until they could not be kept hidden any longer. Geez.
SEC probing put options activity in Bear Stearns
Seeded on Thu Mar 20, 2008 7:08 PM EDT (Yahoo! Finance)
Surprise, surprise...who would have expected that some insiders would have tried to profit from this? The Bear Sterns $2.00 price was widely known almost 24 hours before it became 'public' and it seems much trading activity reflects that.
The Lying Dogs of Banking: Wall Street Rallies Wall of Silence to aid Lehman Brothers
Seeded on Tue Mar 18, 2008 4:39 PM EDT (Telegraph)
Does anyone else find this obscene? Supposedly independent and reliable research arms of the major investment banks are effectively muzzled by their senior executives to prevent the truth from getting out.
Airbus reports billion-dollar loss on back of record orders
Seeded on Tue Mar 11, 2008 6:17 AM EDT (Agence-France Presse )
There is something very wrong with either a company or an industry where you are one of only two real players, you enjoy a record year for orders, you get government subsidies...and you still manage to post a billion dollar red number on the bottom line.
Boeing 787 May Be Further Delayed, Goldman Sachs Says
Seeded on Sat Mar 8, 2008 5:09 AM EST (Bloomberg.com)
It has been a pretty damn awful 10 days for Boeing: not only have they lost the USAF tanker contest, but the 787 is now likely to be delayed again - as always, Goldman Sachs is talking to the employees and consultants on the 787 and believing them...whereas Boeing management seem …
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