Archive - Story
January 13th
Zimbabwe Raised to AAA+ by S&P, Geithner Celebrates Thru Innocent Mistakes
Submitted by Tyler Durden on 01/13/2009 19:30 -0500
To celebrate their new credit rating, insane dictator Robert Mugabe releases new 50 billion note, which is roughly equal to one US dollar.
Zimbabwe Raised to AAA+ by S&P, Geithner Celebrates Thru Innocent Mistakes
Submitted by Tyler Durden on 01/13/2009 19:30 -0500
To celebrate their new credit rating, insane dictator Robert Mugabe releases new 50 billion note, which is roughly equal to one US dollar.
4 out of 5 Vultures Agree Excrement About to Go Nuclear
Submitted by Tyler Durden on 01/13/2009 19:06 -0500
As much as I hate to break it to Larry Kudlow and his unending "Ted-Spread is Down" monolog, the outlook for 2009 as per some people who actually know the business, although granted are heavily axed on the apocalypse bidside, is so bad, we should all just be buying rahmen noodles, crank radios, a
Hey S&P, Not Too Late To Hit Recall
Submitted by Tyler Durden on 01/13/2009 19:00 -0500*U.S. DEC. BUDGET DEFICIT AT $83.6 BILLION ON HIGHER SPENDING
*U.S. BUDGET GAP IN FISCAL 1ST-QTR SOARS TO RECORD $485.2 BLN
*U.S. DECEMBER BUDGET GAP IN LINE WITH FORECAST FOR $83 BLN
*U.S. DECEMBER SPENDING RISES 41% TO $321 BLN, TREASURY SAYS
*U.S. DECEMBER REVENUE FALLS 14% TO $238 BLN, TREASURY SAYS
*U.S. DEC. DEFICIT COMPARES WITH $48.3 BLN SURPLUS YEAR EARLIER
Or maybe this merits an upgrade in S&P's view?
Former NYT Editor To Control Car Industry
Submitted by Tyler Durden on 01/13/2009 18:06 -0500
In an article today, Bloomberg picks up on a theme that we commented on yesterday regarding Steve Rattner's imminent appointment to the throne of all things auto.
Former NYT Editor To Control Car Industry
Submitted by Tyler Durden on 01/13/2009 18:06 -0500
In an article today, Bloomberg picks up on a theme that we commented on yesterday regarding Steve Rattner's imminent appointment to the throne of all things auto.
U.S. Renaissance Late, Ted-Spread Blamed
Submitted by Tyler Durden on 01/13/2009 16:25 -0500Is anyone else tired of hearing Larry Kudlow's claims that the "Ted Spread is down" (which we assume is the new way of saying a spread is tighter, or alternatively the CNBC grammer nazis could be on strike, as evidenced by such pearls from Trish Regan as "Retail consumer spending changing for the good") will be the reason for the next American golden age?
U.S. Renaissance Late, Ted-Spread Blamed
Submitted by Tyler Durden on 01/13/2009 16:25 -0500Is anyone else tired of hearing Larry Kudlow's claims that the "Ted Spread is down" (which we assume is the new way of saying a spread is tighter, or alternatively the CNBC grammer nazis could be on strike, as evidenced by such pearls from Trish Regan as "Retail consumer spending changing for the good") will be the reason for the next American golden age?
U.S. Not Spain, S&P Claims
Submitted by Tyler Durden on 01/13/2009 15:52 -0500
Just as our opinion of S&P was notched up to deplorable from abysmal, they go ahead and pull this wool over our eyes:
U.S. Not Spain, S&P Claims
Submitted by Tyler Durden on 01/13/2009 15:52 -0500
Just as our opinion of S&P was notched up to deplorable from abysmal, they go ahead and pull this wool over our eyes:
Money-Grubbing, Cholesterol-Spiking Idea of the Day
Submitted by Tyler Durden on 01/13/2009 14:43 -0500
As anyone who has ever visited the West Coast will attest, Jack In The Box is the greatest hamburger joint that has ever lived. In-N-Out (mmmm....
Money-Grubbing, Cholesterol-Spiking Idea of the Day
Submitted by Tyler Durden on 01/13/2009 14:43 -0500
As anyone who has ever visited the West Coast will attest, Jack In The Box is the greatest hamburger joint that has ever lived. In-N-Out (mmmm....
Semi-Breaking News: Citi Out With Confirmation of Nothing
Submitted by Tyler Durden on 01/13/2009 14:34 -0500Citi Statement
Business Wire
NEW YORK -- January 13, 2009
Citi today said that the company is in discussions with Morgan Stanley (NYSE: MS) concerning a possible combination of the retail brokerage business operated under the Smith Barney name and the wealth management business operated by Morgan Stanley. No definitive agreement has been reached, and no assurance can be given that any such agreement will be reached. Beyond this statement, Citi has no further comment at this time.
Mad-Cave Museum Deal Closer Than You Think
Submitted by Tyler Durden on 01/13/2009 14:21 -0500
Seems Mad-Man overestimated his triathlon skills in getting to Tetterboro and the Mad-Jet before the FBI could catch up with him.
UBS in Serious Need of Editorializing
Submitted by Tyler Durden on 01/13/2009 03:26 -0500
In what might be a blatant example of investment banking schizophrenia, or merely a good-ole "talking up the book", two of UBS key "strategists", Larry Hathaway and David Bianco, in the span of 1 business day, manage to come out with two essentially contradictory reports.


