You're now on the archive server. Commenting has been disabled.
Frontrunning: December 1
- No QE yet - Japan to provide more cheap loans, Y10 trillion worth (Bloomberg, AP)
- AIG reduces government borrowings by $25 billion, by giving gov't more preferred shares (AP)
- Support best podcaster on the web and vote for The Disciplined Investor (TDI)
- In wake of Dubai, trying to predict the next blowup (NYT)
- Sultan Sooud Al Qassemi: This is not the end of the road for Dubai (FT)
- Gross: The Lehman Brothers of the Persian Gulf (Slate)
- Morgan Stanley fears UK sovereign debt crisis in 2010 (BBC, Telegraph)
- Crudele: Markets won't like bad jobs number on Friday (NYPost)
- Vivendi, GE agree on NBC price, paving way for deal (Bloomberg)
- World's most expensive office markets get cheaper on job cuts (Bloomberg)
- Arming Goldman with pistols against the public (Bloomberg)
- El-Erian: Dubai - What the immediate future holds (PIMCO, h/t Paul)
- Norges Bank Gjedrem worried over house price risk (Bloomberg)
- WaMu is gone but the parent is fighting on (WSJ)
»
- 1699 reads
- Printer-friendly version
- Send to friend
The next blowup is the S&P 500. It will be blown up to 1200 for Christmas on fresh air.
See, I told you couldn't assume that QE was a done deal in Japan.
Why are Goldman bankers able to get NYC pistol permits while law abiding citizens can't ???
I'm going to assume this is a rhetorical question.
AIG payed off debt by issuing preferred shares? Exactly how is this a reduction in debt? They are just shuffling debt from one instrument to another.
AIG lacks sufficient reserves, downgraded:
http://www.nytimes.com/2009/12/01/business/01aig.html?_r=3&adxnnl=1&ref=...