Blogs
2 Year Note - No Juice for the Carry Trade
Submitted by Bruce Krasting on 07/28/2009 20:33 -0500The cover rate on today's auction stunk. What rate on this Note would attract the leveraged players? Not 1.08%.
Selling Traditional Marriage Short
Submitted by Benjamin N. Dover III on 07/28/2009 18:41 -0500Now that the SEC has finally taken action to complicate the lives of the vermin known as short sellers, it can turn to the next dire threat to capitalism: gay marriage.
GECC - Is Cash Flow Negative?
Submitted by Bruce Krasting on 07/28/2009 11:08 -0500A question for the Corp.Fin. gurus. What does it mean when Consolidated Ratio of Earnings to Fixed Charges falls below one?
"Fair" Value of the S&P
Submitted by J.D. Swampfox on 07/28/2009 09:27 -0500Richard Ripp compares top-down to bottom-up estimates and concludes that top-down estimates have proven to be more accurate over time.
Debt Repudiation – On the Table
Submitted by Bruce Krasting on 07/27/2009 21:19 -0500The NY Times describes a new breed of bad creditors, "Ruthless Defaulters". Ruthless or just fed up and angry? What is the 'tipping point' where default crosses over to repudiation?
Commercial Real State
Submitted by nickbarbon on 07/27/2009 20:59 -0500A phenomenal graph from Sean Keane at Triple T Consulting showing commercial real estate loan proportions of Tier 1 bank capital across the US...
Leading Economic Hope
Submitted by nickbarbon on 07/27/2009 18:59 -0500Floyd Norris at the NYT is excited about the Index of Leading Economic Indicators. Let's peek under the hood to see what's going on.
On Wall Street Compensation
Submitted by Anal_yst on 07/27/2009 16:52 -0500Information Arbitrage had a good summary of the Wall Street compensation argument over the weekend, and given the tension surrounding Phibro's Andrew Hall of-late, I think its high time to bring some logic and reason to the debate.
Surprise! Earnings are Down
Submitted by nickbarbon on 07/26/2009 22:40 -0500Nothing new here for regular readers but I thought the two histograms at the bottom of this graphic nicely contextualize earnings surprises within the broader macro picture.
Wall Street Is Having Our Cake And Eating It Too: A Call To (Pragmatic) Action
Submitted by PragmaticIdealist on 07/26/2009 20:18 -0500One for Wall Street, One for us. Two for Wall Street, Zero for us... Wait, what?
The Growth Trade Vs. The Bond Calendar
Submitted by Bruce Krasting on 07/26/2009 16:59 -0500Treasury has a load of paper for sale in August. The market is not set up for the big supply. Could we have another test of the 4% 10 year?
Geithner Backpedals Plans for Financial Dictatorship
Submitted by Benjamin N. Dover III on 07/26/2009 01:48 -0500The Treasury Secretary comes to his senses and realizes that when it comes to basic government oversight and industry accountability, if less is more, then none is most.
High Frequency Trading and Systemic Instability
Submitted by jester on 07/25/2009 13:14 -0500HFT creates systemic instability and makes market manipulation much easier.
A Slip of the Tongue by Geithner?
Submitted by Bruce Krasting on 07/24/2009 11:45 -0500Timmy G. ducked another question on the future of Fannie and Freddie today. Maybe he gave a clue what is brewing while he was ducking.
An Open Letter To The Financial Media
Submitted by 1-2 on 07/24/2009 11:15 -0500It can hardly have escaped your notice that a battle of epic proportions, simmering at the fringes for months, was this very week finally joined. Pursuing what can only be termed a "Möbius strip news cycle" strategy, certain "financial news" programs have taken to throwing those pesky "parasitic" bloggers to the proverbial wolves at every opportunity.
