Archive - 11769

Is anyone else tired of hearing Larry Kudlow's claims that the "Ted Spread is down" (which we assume is the new way of saying a spread is tighter, or alternatively the CNBC grammer nazis could be on strike, as evidenced by such pearls from Trish Regan as "Retail consumer spending changing for the good") will be the reason for the next American golden age?

Is anyone else tired of hearing Larry Kudlow's claims that the "Ted Spread is down" (which we assume is the new way of saying a spread is tighter, or alternatively the CNBC grammer nazis could be on strike, as evidenced by such pearls from Trish Regan as "Retail consumer spending changing for the good") will be the reason for the next American golden age?

Just as our opinion of S&P was notched up to deplorable from abysmal, they go ahead and pull this wool over our eyes:

Just as our opinion of S&P was notched up to deplorable from abysmal, they go ahead and pull this wool over our eyes:

As anyone who has ever visited the West Coast will attest, Jack In The Box is the greatest hamburger joint that has ever lived. In-N-Out (mmmm....

As anyone who has ever visited the West Coast will attest, Jack In The Box is the greatest hamburger joint that has ever lived. In-N-Out (mmmm....

Citi Statement

Business Wire

NEW YORK -- January 13, 2009

Citi today said that the company is in discussions with Morgan Stanley (NYSE: MS) concerning a possible combination of the retail brokerage business operated under the Smith Barney name and the wealth management business operated by Morgan Stanley. No definitive agreement has been reached, and no assurance can be given that any such agreement will be reached. Beyond this statement, Citi has no further comment at this time.

Seems Mad-Man overestimated his triathlon skills in getting to Tetterboro and the Mad-Jet before the FBI could catch up with him.

In what might be a blatant example of investment banking schizophrenia, or merely a good-ole "talking up the book", two of UBS key "strategists", Larry Hathaway and David Bianco, in the span of 1 business day, manage to come out with two essentially contradictory reports.

In what might be a blatant example of investment banking schizophrenia, or merely a good-ole "talking up the book", two of UBS key "strategists", Larry Hathaway and David Bianco, in the span of 1 business day, manage to come out with two essentially contradictory reports.

Well, it isn't apartment 14A/B in 740 Park, but Bernie's $7 million Guantanamo will make most studio and one bedroom NY dwellers green with unponziated envy.

Well, it isn't apartment 14A/B in 740 Park, but Bernie's $7 million Guantanamo will make most studio and one bedroom NY dwellers green with unponziated envy.

As we reported on January 9, the likelihood of a Nortel bankrtupcy filing this coming Wednesday (coupon payment date) is high to quite high. Recent rumors from the underground community had suggested that Huawei was licking its chops at NT's metropolitan ethernet business and would pay up to $1 billion. However, based on reports from forbes and debtwire from earlier today, the deal is dead in the water. Ooops.