[Reader-list] on the sub-prime crash
lalitha kamath
elkamath at yahoo.com
Fri Aug 24 08:04:12 IST 2007
FYI
OUT NOW ON METAMUTE.ORG:
Living in a Bubble: Credit, Debt and Crisis - Mute Vol 2 #6
Panic in the credit markets! Sub-prime crash! The new issue of Mute
is on the money and online soon. In Living in a Bubble: Credit, Debt
and Crisis we look at the social costs of an era of debt-backed boom
now showing signs of busting. As a downpayment on the future we are
publishing some articles from the issue ahead of time...
http://metamute.org
*
Fictitious Capital For Beginners: Imperialism, 'Anti-Imperialism', and
the Continuing Relevance of Rosa Luxemburg
By Loren Goldner
The liquidity crisis currently wiping billions off global stock
markets is just the tip of a very big iceberg. Beneath the credit
crunch and incipient insolvency crisis lie the economic and political
crisis of the USAâ€*s global reign, claims Loren Goldner. But will
this mean global depression, wars and intensified authoritarianism, or
a renewed opportunity for communism? Goldner returns to the theories
of Marx and Luxemburg to examine today's financial and military
imperialism, and its left wing â€*anti-imperialistâ€* mirror
http://www.metamute.org/en/Fictitious-Capital-For-Beginners
*
Risky Business
By Stanley Morgan
With the prospect of earning over the odds on derivatives trading,
<!--
D(["mb","hedge fund managers are employing ever more high-tech means to\u003cbr /\>calculate risk and predict stock market activity. But Wall Streetâ€*s\u003cbr /\>faith in its own predictive powers often blinds investors to the\u003cbr /\>fundamental laws of investment, says risk specialist Stanley Morgan\u003cbr /\>\u003cbr /\>\u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"http://www.metamute.org/en/Risky-Business\" target\u003d_blank\>http://www.metamute.org/en\u003cwbr /\>/Risky-Business\u003c/a\>\u003cbr /\>\u003cbr /\>*\u003cbr /\>\u003cbr /\>Waiting For the End of the World\u003cbr /\>By Jeff Strahl\u003cbr /\>\u003cbr /\>Would a financial crisis mean recession, depression or revolution?\u003cbr /\>And havenâ€*t we been waiting a long time for this liberating,\u003cbr /\>or devastating, catastrophe? Jeff Strahl surveys the prophets\u003cbr /\>and naysayers and gives his own take on â€*a global crisis
of\u003cbr /\>unprecedented proportionsâ€*\u003cbr /\>\u003cbr /\>\u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"http://www.metamute.org/en/Waiting-For-the-End-of-the-World\" target\u003d_blank\>http://www.metamute.org/en\u003cwbr /\>/Waiting-For-the-End-of-the\u003cwbr /\>-World\u003c/a\>\u003cbr /\>\u003cbr /\>*\u003cbr /\>\u003cbr /\>The Three P\'s - Private Equity, PFI and Pensions\u003cbr /\>by Rob Ray\u003cbr /\>\u003cbr /\>As money expands, society contracts. In the UK the unholy trinity of\u003cbr /\>Private Finance Initiatives, Private Equity and Pensions embodies this\u003cbr /\>logic, turning jobs, services and infrastructure into factories for\u003cbr /\>finance capital. Rob Ray explains how the 3 P\'s interact to pile up\u003cbr /\>corporate fortunes and devolve risk on to the rest of us\u003cbr /\>\u003cbr /\>\u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\"
href\u003d\"http://www.metamute.org/en/The-3-Ps\" target\u003d_blank\>http://www.metamute.org/en/The\u003cwbr /\>-3-Ps\u003c/a\>\u003cbr /\>\u003cbr /\>*\u003cbr /\>\u003cbr /\>The Magic of Debt, or Amortise This!\u003cbr /\>\u003cbr /\>Today we donâ€*t feel guilty about incurring debts, just the opposite\u003cbr /\>– indebtedness is the entry price of being a good citizen, pulling\u003cbr /\>more and more of us into the global financial system. Here Brett\u003cbr /\>Neilson offers some philsophical and political tools for disowning a\u003cbr /\>",1]
);
//-->hedge fund managers are employing ever more high-tech means to
calculate risk and predict stock market activity. But Wall Streetâ€*s
faith in its own predictive powers often blinds investors to the
fundamental laws of investment, says risk specialist Stanley Morgan
http://www.metamute.org/en/Risky-Business
*
Waiting For the End of the World
By Jeff Strahl
Would a financial crisis mean recession, depression or revolution?
And havenâ€*t we been waiting a long time for this liberating,
or devastating, catastrophe? Jeff Strahl surveys the prophets
and naysayers and gives his own take on â€*a global crisis of
unprecedented proportionsâ€*
http://www.metamute.org/en/Waiting-For-the-End-of-the-World
*
The Three P's - Private Equity, PFI and Pensions
by Rob Ray
As money expands, society contracts. In the UK the unholy trinity of
Private Finance Initiatives, Private Equity and Pensions embodies this
logic, turning jobs, services and infrastructure into factories for
finance capital. Rob Ray explains how the 3 P's interact to pile up
corporate fortunes and devolve risk on to the rest of us
http://www.metamute.org/en/The-3-Ps
*
The Magic of Debt, or Amortise This!
Today we donâ€*t feel guilty about incurring debts, just the opposite
– indebtedness is the entry price of being a good citizen, pulling
more and more of us into the global financial system. Here Brett
Neilson offers some philsophical and political tools for disowning a
<!--
D(["mb","debt which can never be repaid\u003cbr /\>\u003cbr /\>\u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"http://www.metamute.org/en/The-Magic-of-Debt-or-Amortise-This\" target\u003d_blank\>http://www.metamute.org/en/The\u003cwbr /\>-Magic-of-Debt-or-Amortise\u003cwbr /\>-This\u003c/a\>\u003cbr /\>\u003cbr /\>*\u003cbr /\>\u003cbr /\>Speculating on Student Debt\u003cbr /\>\u003cbr /\>Far from being a right, British higher education in the age of\u003cbr /\>top-up fees is a commodity with a hefty price tag attached. For most\u003cbr /\>students, write the Committee for Radical Diplomacy, it offers a basic\u003cbr /\>schooling in debt and recasts learning as a down-payment on a dubious\u003cbr /\>future\u003cbr /\>\u003cbr /\>\u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"http://www.metamute.org/en/The-Magic-of-Debt-or-Amortise-This\"
target\u003d_blank\>http://www.metamute.org/en/The\u003cwbr /\>-Magic-of-Debt-or-Amortise\u003cwbr /\>-This\u003c/a\>\u003cbr /\>\u003cbr /\>*\u003cbr /\>\u003cbr /\>OR SUBSCRIBE HERE:\u003cbr /\>\u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"http://metamute.org/taxonomy/term/3480\" target\u003d_blank\>http://metamute.org/taxonomy\u003cwbr /\>/term/3480\u003c/a\>\u003cbr /\>\u003cbr /\>FOR A LIST OF STOCKISTS:\u003cbr /\>\u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"http://metamute.org/node/254\" target\u003d_blank\>http://metamute.org/node/254\u003c/a\>\u003cbr /\>\u003cbr /\>\u003cbr /\>\u003cbr /\># distributed via <nettime>: no commercial use without permission\u003cbr /\># <nettime> is a moderated mailing list for net criticism,\u003cbr /\># collaborative text filtering and cultural politics of the nets\u003cbr /\># more info: \u003ca
onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"mailto:majordomo at kein.org\"\>majordomo at kein.org\u003c/a\> and "info nettime-l" in the msg body\u003cbr /\># archive: \u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"http://www.nettime.org\" target\u003d_blank\>http://www.nettime.org\u003c/a\> contact: \u003ca onclick\u003d\"return top.js.OpenExtLink(window,event,this)\" href\u003d\"mailto:nettime at kein.org\"\>nettime at kein.org\u003c/a\>\u003cbr /\>\u003cbr /\>\u003cbr /\>\u003cbr /\>\u003cbr /\>\u003cbr /\>\u003cbr /\>\u003c/div\>",1]
);
//-->debt which can never be repaid
http://www.metamute.org/en/The-Magic-of-Debt-or-Amortise-This
*
Speculating on Student Debt
Far from being a right, British higher education in the age of
top-up fees is a commodity with a hefty price tag attached. For most
students, write the Committee for Radical Diplomacy, it offers a basic
schooling in debt and recasts learning as a down-payment on a dubious
future
http://www.metamute.org/en/The-Magic-of-Debt-or-Amortise-This
*
OR SUBSCRIBE HERE:
http://metamute.org/taxonomy/term/3480
FOR A LIST OF STOCKISTS:
http://metamute.org/node/254
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