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Treasury selloff continues. As equities are poised to hit ridiculously high fwd P/E ratios, someone is making sure that Bernanke and Bill Gross hit the Prozac handout line. Hold on, wasn't the Fed buying treasuries? What about the world's biggest bond fund? Based on this chart, seems like sellers are outnumbering buyers by just a tad...

Treasury selloff continues. As equities are poised to hit ridiculously high fwd P/E ratios, someone is making sure that Bernanke and Bill Gross hit the Prozac handout line. Hold on, wasn't the Fed buying treasuries? What about the world's biggest bond fund? Based on this chart, seems like sellers are outnumbering buyers by just a tad...

Treasury selloff continues. As equities are poised to hit ridiculously high fwd P/E ratios, someone is making sure that Bernanke and Bill Gross hit the Prozac handout line. Hold on, wasn't the Fed buying treasuries? What about the world's biggest bond fund? Based on this chart, seems like sellers are outnumbering buyers by just a tad...

Many people have written me with thoughts on Kanjorski's lack of traditional political evasiveness as demonstrated by his C-Span interview. Whereas most are opinion based, and the last thing Zero Hedge tries to do is change people's opinions, one thing seems to be evading most.

Many people have written me with thoughts on Kanjorski's lack of traditional political evasiveness as demonstrated by his C-Span interview. Whereas most are opinion based, and the last thing Zero Hedge tries to do is change people's opinions, one thing seems to be evading most.

Many people have written me with thoughts on Kanjorski's lack of traditional political evasiveness as demonstrated by his C-Span interview. Whereas most are opinion based, and the last thing Zero Hedge tries to do is change people's opinions, one thing seems to be evading most.

As recent scary results out of American Express and other credit card companies demonstrated only too well, it is but a matter of time before consumers decide to not make any more credit cards payments at all. Credit card portfolios, along with pretty much every other security over the past 5 years, got securitized to an insane degree, with subsequent splits into loss tranches (e.g., AAA, A, BBB, etc).

Just out - Ted French, Textron's CFO as well as CEO of Textron Financial, is no longer with the company, effective immediately, after overseeing a 90% price drop in the stock price over the past 8 months. He must have seen the writing on the wall. Next up: Gulfstream, Hawker, Bombardier, Embraer and of course Dassault.

Gotta love the total pro forma debt of $10.4 billion

(Capitalization table from prospectus)

captable - Free Legal Forms

More great news out of GM

Bob Lutz Moves to Senior Advisor Role; Will Retire at End of 2009
Tom Stephens Becomes Vice Chairman - Global Product Development

PR Newswire

DETROIT, Feb. 9

The secondary market for hedge fund interests seems to follow the general market tick for tick. Last week saw a surprising bid side interest for most hedge funds' LP stakes, although there were the usual pukes.

Week of February 2 - 6:

- 17 investment grade deals done for $20.4 billion, largest issuer was Novartis with $5 billion 10 year notes

Year To Date non-FDIC backed issuance:

- 80 deals, $77.225 billion

January indicative yields:

- Investment Grade average yield of 6.7%, Treasury spread of T+444
- High Yield average yield 11.4%, Treasury spread of T+962

• Stimulus package contemplates total $9.7 trillion of U.S.

The newsflow from D.C. over the next two days will make the lives of capital markets participants very exciting. Among the key expected news items is the rumored (temporary) abandonment of Mark-To-Market accounting principles, which caused quite a market rally on Thursday of last week. So as we prepare to say goodbye to the last relic of what was once an efficient market, it might make sense to reevaluate just what it is in the current accounting rules that is so inconvenient for the administration and Wall Street. Among these, chief is the Statement of Financial Accounting Standards No.