JBM
JBM collects links and stories about his interests. His interests include, but are not limited to: photography, cooking, eating, economics, science, music, design, art, reading, writing and, yes, arithmetic
November 19, 2009
November 18, 2009
“ As lobbying attempts to eliminate or at least delay the implementation of FAS 166 and FAS 167 (as a reminder, these are the accounting rules that will force banks to onboard a lot of off-balance sheet assets) seem to have stalled, the next question becomes what the cost to banks will be as a result of this new change starting January 1. A research piece from Barclays attempts to do just that, and while presenting slightly improved results versus previous estimates, still provides a glimpse into why it has been so critical to pump up the stock prices of some of the most “at risk” financial companies. In a nutshell - the pain for the banks will be significant, to the tune of half a trillion dollars, with the usual suspects expected to take the bulk of the hit: Citi at $154 billion, followed by BAC $121 billion, JPM $100 billion and WFC at $48 billion.
The world economy: Dangerous froth
Asset prices could push central bankers off course long before any bubbles burst THE post-crisis challenge for central bankers has long seemed easy to describe. They must steer between the shoals of…
(via Instapaper)
1 week ago • 0 notes
October 23, 2009
October 21, 2009
October 10, 2009
October 9, 2009
China’s 60th Anniversary national day - timelapse and slow motion - 7D and 5DmkII on Vimeo (via Vimeo)
1 month ago • 0 notes
October 5, 2009
if this kid is trying to give me a virtual high five, i’m all for it. FFFFOUND! | TwitPic - Share photos on twitter1 month ago • 3 notes
September 26, 2009
Bloomberg Surveillance Podcast
Planet Money is entertaining and all, but the Bloomberg Surveillance Podcast is unbelievably informative.
2 months ago • 0 notes
September 24, 2009
