Bear Stearns Says Battered Hedge Funds Are Worth Little

Bear Stearns told clients in its two battered hedge funds late yesterday that their investments, worth an estimated $1.5 billion at the end of 2006, are almost entirely gone.

http://www.nytimes.com/2007/07/18/business/18bond.html?ex=1185422400&en=5a30706d0cab857e&ei=5070&emc=eta1

US Begs China to Buy Subprime Mortgages

Mish Note: ECOMOMIC? The HUD could not even manage to spell economic correctly in their News Release.

http://globaleconomicanalysis.blogspot.com/

Summer Sale

Puru Saxena

We are witnessing a generational bull-market in all types of natural resources (energy, food and metals). This boom in commodities is largely due to supply and demand imbalances plus the ongoing monetary inflation which is adding fuel to the fire
Excellent piece of information

http://www.financialsense.com/editorials/saxena/2007/0713.html

Organic farming can feed the world

Good news, I truly hope that more and more consumers are demanding organic food

http://www.ns.umich.edu/htdocs/releases/story.php?id=5936

THIS IS NOT the idle chatter of permanent bears. The subprime mortgage collapse now hitting Bear Stearns may be just the start.
Serious analysts from big investment firms are talking ominously about "the big one". It will make you angry to learn just how the investment industry has got you involved.
http://www.safehaven.com/article-7893.htm

Interview with John Williams from Shadow Statistics

A real must read
http://www.weedenco.com/welling/Downloads/2006/0804welling022106.pdf

Who's Holding The Bag?

There is an interesting article in the Financial Times article about Liquidity Threats and who is holding the toxic tranches
http://www.321gold.com/editorials/shedlock/shedlock070507.html

A must read in my opinion

Credit crunch will 'shred investment portfolios to ribbons'

The near collapse of two Bear Stearns hedge funds has lifted the rock on our 21st century mutant capitalism, exposing the bugs beneath to a rare shock of naked light.
When creditors led by Merrill Lynch forced a fire-sale of assets, they inadvertently revealed that up to $2 trillion of debt linked to the crumbling US sub-prime and "Alt A" property market was falsely priced on books.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/02/ccview102.xml

PROPAGANDA WITH A CAPITAL 'P'

Anybody who believes that his or her 4% savings account is staying ahead of inflation is ill-informed
http://www.financialsense.com/fsu/editorials/dollardaze/2007/0703.html

Another Great Depression?

The Fed's Role in the Bear Stearns Hedge Funds Meltdown
http://www.globalresearch.ca/index.php?context=va&aid=6209

$250 Billion in Subprime Losses?

Is the subprime mortgage market collapsing before our eyes, or did we avoid a disaster as Bear Stearns stepped up to the plate with $3.2 billion to help its ailing funds? As we will see from the data, the problems in the subprime world are not over. The Fat Lady has not sung. But will the problems in this market contaminate the rest of the liquidity-driven markets? Is the party over?
http://www.safehaven.com/article-7870.htm

It's time to invest for $100 oil

Investors, get ready for $100-a-barrel oil
http://articles.moneycentral.msn.com/Investing/CompanyFocus/ItsTimeToInvestFor100Oil.aspx

Peak Oil Overview - June 2007

Energy Bulletin: by Gail E. Tverberg
The message that “peak oil” may be a problem is now reaching respected publications like Business Week. But how can a person learn more? Information about peak oil is often fragmented, and the quality of the sources is questionable. The purpose of this article is to document some of what is known about peak oil, so that readers have a better framework for understanding our current situation
http://energybulletin.net/31332.html

Two necessities, fuel and food, create spiral of rising prices

While we worry about gas prices, the costs of milk, meat and fresh produce silently soar. So like the end of cheap energy, is the era of cheap food also finally over?
http://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1