Archive - Jun 10, 2010 - Blog entry

Lenders are just starting to face up to their bad CRE loans and the decline in CRE values doesn't look encouraging for debt that will roll over from now until 2013. Investors are starting to pick at the market, but can they provide a floor?

The euro will be able to weather the sovereign debt crisis, the Chinese national pension fund chief said on Thursday, helping spark a sharp rebound in the European currency. The Chinese pension fund was looking to pour more money into foreign stocks and bonds as well as overseas private equity funds and unlisted firms. Get ready, another bubble is headed our way.

Boring, but important stuff.

Isn't it funny how some of your biggest home runs are from positions that nearly EVERYBODY says will never work? GS was one of the most contrarian of contrarian moves and proves once again that math, truly forensic research and an objective perspective will continuously best the crowd following, “Goldman is too connected” huffing, “This is the best company on the Street” touting, Buffet position worshiping, momo chasing, “I just do what everybody else in the industry does” crowd.

JPM JPMCC 2010-C1 CMBS offering more sound than originally thought.

"We cant stop here. This is bat country"

What a guy ...