Archive - Blog entry

August 5th, 2009

Bruce Krasting's picture

CS Says, “Storm Risk Reduced”. Buoy 42001 says, “Watch Out”





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.

 

August 4th

PragmaticIdealist's picture

A True American Hero: Joseph E. Stiglitz





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

 

Eiad Asbahi's picture

Putting it all Together: Managing Money as you Peer into the Abyss





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.

 

August 3rd

Benjamin N. Dover III's picture

Ken Lewis Tips Mary Schapiro $33M For Good Service





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.

 

August 2nd

Bruce Krasting's picture

Swiss vs USA - Where Does This Go Next?





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?

 

Benjamin N. Dover III's picture

Porn: Pleasure of the Financial TV News Business





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

 

August 1st

Bruce Krasting's picture

Successful Week for Treasury?





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

 

July 30th

PragmaticIdealist's picture

Et Tu, Treasury Auction Accounting?





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

 

Bruce Krasting's picture

FHFA is One Year Old - No Cause for Celebration





No punch bowl at this party. Lots of slides of the mortgage mess. Did Mr. Lockhart confirm the rumor that the Agencies are going to merge with Ginnie Mae?

 

Benjamin N. Dover III's picture

Leave Dennis Alone!





CNBC's Dennis Kneale isn't a smarmy, arrogant blowhard with no journalistic scruples. He just seems that way.

 

Bruce Krasting's picture

Successful Auction?





Another surprise in bond land. This time an upside. The dealers do not know how to price all this paper.

 

The Debt Bitch's picture

Marketing Treasuries





I love watching the press struggle with the issue of Asia buying U.S. debt. You can look at three different papers in a two day period and get three different answers on the topic. They are buying more. They will sell it all. They are doing nothing. We are fine. We are fucked. Who the hell knows?

 

July 29th

Bruce Krasting's picture

Fannie and Freddie Preferred Stock - Update





Fannie and Freddie Pref are up 200% in five weeks. Who knows what?

 

Bruce Krasting's picture

C - Still on the NO BORROW list





C goes off the NO BORROW list on Friday. The value of the common is just a guess.

 

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