Archive - 2009 - Blog entry

Could the relatively new real-time limit order book development in financial markets be what is driving Goldman et al's high trading profits?

Clunkers is a big success. But that depends on how you define success. A lot of cars will be sold, but most of this consumption will be financed by the private sector. As an economic stimulus it does very little for us.

Dozens of frenzied calls between Hank Paulson and Lloyd Blankfein in September 2008 probably just mean the two Goldmanites were in love.

Fannie reports on its loan book. 32% of its total is 'trouble' classes. Big losses to come.

At last, a couple red pills find their way on the market.

Fannie's churning derivatives as usual. About $100 billion a day. They also lost a few Bil in the process. Who's on the other side of this? Fannie's pals on Wall Street,

There is no such thing as coincidence in the stock market. Except yesterday in the ward of the state stocks.

Colorado State is the big gun when it comes to forecasting hurricanes. They see a lite year. I see big risk. Can anyone compute the El Nino/La Nino Vol? There is a lot of hot water in the Gulf.

Profiling a great economist and human being whose honesty has driven him from politics and to the People.

We are certain that the unprecedented government policy response to avert a depression-era collapse of our financial system will go hand in hand with an unprecedented number of unintended consequences, perhaps manifested by loss of confidence in the dollar, inflation and possibly both.

SEC charges Bank of America with lying to investors to the tune of billions of dollars, but quickly realizes its mistake and settles for $33 million. Actual payment to be delayed until BofA teller in charge of petty cash drawer returns from vacation.

Next week the 'deal' for UBS is due out. How big is the fine going to be? Some estimate as high as $5.5 bil. $20 billion+ of withholding taxes has been applied to these accounts. Where is the money?

CNBC once again breaks new journalistic ground by taking a long, hard look at the porn industry.

The Treasury sold $109 billion of new coupons last week and rates fell by 25BP. How did they do that??

To manipulate or not to manipulate? That is not the question on the Treasury's mind...