dagblog - Comments for "Revealed – the capitalist network that runs the world. [For real}"

I do remember you saying

artappraiser — Thu, 27 Oct 2011 18:45:32 +0000

In reply to Good to see the study being

I do remember you saying around that time that you were smitten with a project and deep in learning mode...remember it because it was mysterious

Good to see the study being

EmmaZahn — Thu, 27 Oct 2011 17:33:43 +0000

In reply to Forbes: The 147 Companies

Good to see the study being discussed. Thanks for the pointer.

If only I were more ambitious or even just more focused I might have finished a project I started around November 2008 that turns up many of the same names found at the top of this study's list. It is why I found the study creditble as well as more than a little incomplete. It barely covers the major role these institutions play as major owners and market makers in government debt around the world. They are the bond market that made the Clinton Administration Eisenhower Republicans and James Carville want to be reincarnated as. They are the money market.

My project was to identify the financial institutions who were (are) the primary dealers of the central banks of the world during 'the fall of 2008'* Before the fall of Lehman I did not even know the term but after reading the description and disclaimer on the NY Fed's website, I was entranced. At that time the Fed's Primary Dealers were its Open Market Committee's exclusive counterparties and they were beginning to fall like dominoes. From the Fed's perspective, the only way it had then of doing anything major was through them. It was like the it had painted itself into a corner. I think that largely explains why Bernanke had that deer-in-headlights look when he and Paulson were before Congress trying to arrange TARP. Also, one of the first thing Bernanke's Fed did after things started to settle down was to begin opening other channels and enlisting other counterparties.

I wish I had the resources and wherewithall to finish my project. Maybe next year.

*a pun borrowed from the NY Fed's Liberty Street blog.

Forbes: The 147 Companies

artappraiser — Wed, 26 Oct 2011 17:49:23 +0000

In reply to Revealed – the capitalist network that runs the world. [For real}

Forbes: The 147 Companies That Control Everything
10/22/2011 @ 9:37AM |240,537 views

[....]

A few caveats with the data set: It excludes GSEs and privately-held companies and is dominated by banks, institutional investors and mutual funds that don’t always have much in the way of control over assets...Reader danogden left an especially good comment below: “…pension plans, corporate 401(k) plans and individual funds..manage trillions in assets ultimately belonging to individuals who are predominantly not in the “1%”....A better list would be the actual asset OWNERS, rather than the vendors who manage, house and clear said assets.”

...One of the co-authors, Dr. James Glattfelder, says he will be publishing next week the bigger list of 737 companies that control 80% of the global economy. The 147 are included in that group.

[....]

Hope this is the one you

EmmaZahn — Mon, 24 Oct 2011 02:41:17 +0000

In reply to There is something wrong with

Hope this is the one you wanted. Note it is a pdf file.

http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf

There is something wrong with

moat — Mon, 24 Oct 2011 02:09:13 +0000

In reply to Revealed – the capitalist network that runs the world. [For real}

There is something wrong with the "analysis" link in the post. If you give it as an address, I will read it with interest.