Archive - Nov 10, 2009 - Blog entry

In the letter to the IASB, Jörgen Holmquist, director general of Internal Markets at the European Commission, said more assets might be marked to market under the new system than even under existing rules. He urged the IASB “urgently” to consider further changes.

Dodd's bill - while sounding good - is really an all-out attempt to save the current, broken system...

In this piece, we compare the relative performance of the 6 primary domestic equity markets, highlight extraordinary Fibonacci cycles on the VIX, illustrate possible dueling Head & Shoulders patterns between the S&P 500 and the VIX and address the current technical profile of the US Dollar

Saudi Aramco, national oil company of the world’s largest oil producer and exporter, decided earlier this month it will drop West Texas Intermediate (WTI) as the benchmark for pricing its oil for sale in the US market. The news instantly sparked speculation that other major producers would follow. Chavez (not surprisingly), reportedly already indicated Venezuela would follow Saudi’s lead adopting the new index.

Is this bill good or bad? What's it missing?

This from the FHFA. The private sector financial institutions nearly killed us. The public sector lenders might just finish the job.

For clues on inflation expectations in this carry-trade-crazed market, Tuesday’s auction of some $25 billion in 10-year treasury notes is something to pay attention to.