Archive - Sep 12, 2009
Extrapolating Equity And Credit Via The VIX
Submitted by Tyler Durden on 09/12/2009 19:18 -0500Extrapolation exercises are fun, even if mostly futile and usually ending in tears. Nonetheless, as the VIX continues collapsing compliments of the dollar carry trade, we provide some observations from the latest bullish converts. It would appear the memo David Bianco received has made its way around the BofA vacuum tube network to the Merrill Lynch Credit Strategy team, headed by Jeffrey Rosenberg, which has thrown in the glove on cautiousness.
The Kudlow Lining
Submitted by Tyler Durden on 09/12/2009 16:04 -0500
Just because every economic collapse has one...
Mortgage Bankers Association Q2 Delinquency Rate Update
Submitted by Tyler Durden on 09/12/2009 12:42 -0500“The economic fallout of the recession continued to push commercial and multifamily delinquency rates higher during the second quarter. Lower levels of employment, the pullback by consumers and other aspects of the slowdown translated into a difficult operating environment for many income-producing properties. That in turn has led to increased stress on the loans those properties support.” Jamie Woodwell, Mortgage Bankers Association
More Bubble Trouble?
Submitted by Leo Kolivakis on 09/12/2009 09:56 -0500The banking/ hedge fund/ private equity/ commercial real estate bubble is the Mother of All bubbles, but this is endemic to a culture that promotes excessive risk taking and rewards it with excessive compensation.
What’s Your Home Worth?
Submitted by Bruce Krasting on 09/12/2009 09:31 -0500The stock market values companies based on earnings. Residential real estate is no different these days. So what's your home worth? Based on this simple calculation it may be lower than you think.
San Fran Fed's Janet Yellen Shares Some Misinformation On The Fed's "Credbility" And Other Topics
Submitted by Tyler Durden on 09/12/2009 00:41 -0500Grandma Janet sounds like an insane and/or senile bureaucrat who does not want to admit that she was one of the select cabal of monetary druids whose mistakes essentially destroyed the financial world a year ago... and their reaction to this destruction has made sure that the US economic system is now promptly heading either toward hyperdeflation or hyperinflation (likely both).




