Archive - Jun 4, 2009 - Story

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Frontrunning: June 4

Submitted by Tyler Durden on 06/04/2009 11:37 -0500



  • Nothing wrong with tweaking the jobless claims numbers: now at 621,000; the revision will be amusing (Bloomberg) [When will people realize everything is "adjusted" better by 40-80k every single period]
  • So much for consumer spending: retailers report May sales declines (AP and NYT)

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Tyler Durden's picture

Same Charts, Different Conclusions

Submitted by Tyler Durden on 06/04/2009 01:27 -0500



Yet another research firm (Argus) going out on a limb to say the V-recovery is a possibility, yet even they (hopefully) realize it all boils down to hope versus facts. Optimism = Confidence, and the District of Columbia is all too aware of this.

Anyway, some fun charts below.

 
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Tyler Durden's picture

Another GM Ad Hoc Bondholder Joins Informal Committee

Submitted by Tyler Durden on 06/04/2009 00:56 -0500



Paul, Weiss has been successful in canvassing GM bondholders, and has gotten another major player to split from the Ad Hocs and join the informal committee. Western Asset Management has decided to join Franklin Templeton, Marathon, JMG, and Eastbourne, who as Zero Hedge disclosed, represent roughly 6% of the unsecured bonds.

 
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