We Have Dollar Liftoff
Submitted by Tyler Durden on 06/24/2009 - 17:31If anyone knows what the hell is going on with the market since the Fed release (aside from South Carolina Governor Sanford being a big fan of the Buenos Aires Hustler Club), please advise.
Fed Statement
Submitted by Tyler Durden on 06/24/2009 - 17:17For immediate release
Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Household spending has shown further signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth, and tight credit. Businesses are cutting back on fixed investment and staffing but appear to be making progress in bringing inventory stocks into better alignment with sales.
Blast From Citi's Phenomenal Analytic Past
Submitted by Tyler Durden on 06/24/2009 - 16:39For a good flashback of what the massively overpaid analytical experts at Citigroup (which we all now own, thank you Mr. President) thought of CMBS in August 2007, please see below.
Rate Hike Expectations Moderating
Submitted by Tyler Durden on 06/24/2009 - 16:34Inflation expectations last seen at a local Duane Reade buying lots of vaseline.
Rate Hike Expectations Moderating
Submitted by Tyler Durden on 06/24/2009 - 16:34Inflation expectations last seen at a local Duane Reade buying lots of vaseline.
Rate Hike Expectations Moderating
Submitted by Tyler Durden on 06/24/2009 - 16:34Inflation expectations last seen at a local Duane Reade buying lots of vaseline.
Swiss National Bank Discloses Further Intervention Possible
Submitted by Tyler Durden on 06/24/2009 - 16:23Developing story: The Swiss - US monetary war is now officially on.
And in other news, documents obtained by the US House Committee indicate apparent dissension among senior Fed officials about BOFA bailout, impact on Fed's bal. sheet. Obama soon to nominate BB for Dictator Czar (yes, yes, I get it).
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More Luxury Retail Failures, Buffett On Green Shoots
Submitted by Tyler Durden on 06/24/2009 - 15:59eLuxury is finished - another example of the retail collapse starting to reach ever higher into the "aspirational" segment.
More Luxury Retail Failures, Buffett On Green Shoots
Submitted by Tyler Durden on 06/24/2009 - 15:59eLuxury is finished - another example of the retail collapse starting to reach ever higher into the "aspirational" segment.
More Luxury Retail Failures, Buffett On Green Shoots
Submitted by Tyler Durden on 06/24/2009 - 15:59eLuxury is finished - another example of the retail collapse starting to reach ever higher into the "aspirational" segment.
Yesterday's Two Year Treasury Auction Is Now A Loss For Participants
Submitted by Tyler Durden on 06/24/2009 - 15:56So much for the "wildly successful" 2 Yr UST auction yesterday. If you bought in: congrats - you are now under water. Looks like the 2007 special Goldman 8x leveraged HY bond issue "flip 'em" game has now moved to front end Treasuries.
Yesterday's Two Year Treasury Auction Is Now A Loss For Participants
Submitted by Tyler Durden on 06/24/2009 - 15:56So much for the "wildly successful" 2 Yr UST auction yesterday. If you bought in: congrats - you are now under water. Looks like the 2007 special Goldman 8x leveraged HY bond issue "flip 'em" game has now moved to front end Treasuries.
Yesterday's Two Year Treasury Auction Is Now A Loss For Participants
Submitted by Tyler Durden on 06/24/2009 - 15:56So much for the "wildly successful" 2 Yr UST auction yesterday. If you bought in: congrats - you are now under water. Looks like the 2007 special Goldman 8x leveraged HY bond issue "flip 'em" game has now moved to front end Treasuries.
Goldman Keeps On Cheering CBL... For Now
Submitted by Tyler Durden on 06/24/2009 - 15:45Everyone's favorite Goldman REIT analyst is still not downgrading CBL to a Conviction List Sell. In fact, Habermann is doing all he can to salvage whatever he can. That being said, we give this stock at most 3-4 weeks before it gets whacked if not to a Sell to at least a "Conviction List" Hold.
From yesterday's CBL update report:
CBL: Still see long-term value amid sell-off; reiterate Buy
FDIC Starts Extending The Maturities Of Various Alphabet Soup Crutches
Submitted by Tyler Durden on 06/24/2009 - 15:29The FDIC announced a proposed extension of the first of many alphabet soups currently propping up the banking system. In this case, it is the Transaction Account Guarantee (TAG) component of the TLGP program. The proposed extension (the first of maaaaany) will push the maturity from December 31, 2009 to June 30, 2010. From the report:
