Bruce Krasting's blog
On Banning CDS
Submitted by Bruce Krasting on 03/14/2010 15:55 -0500Those that want to ban CDS don't understand how the world works. They certainly don't get the fact that the US mortgage market is one gigantic CDS mess.
Social Security Trust Fund 1st Q 2010 Results - Still Slipping
Submitted by Bruce Krasting on 03/10/2010 16:18 -05001st Q for the SSTF is like all of last year. Bad news.
Barney Eats Seconds - Or Blows Smoke - Or Both
Submitted by Bruce Krasting on 03/09/2010 14:13 -0500It's dump on Barney day. He deserves it.
Barney Makes Hash
Submitted by Bruce Krasting on 03/06/2010 08:41 -0500Our pal Barney Frank puts his foot in his mouth, again.
Some Thoughts on Fannie's Horrible Year
Submitted by Bruce Krasting on 02/28/2010 22:49 -0500What do you do to follow up a massive $75 billion dollar loss? Work hard and see if you can break a $100b this year. Should be a piece of cake for our boys at Fannie.
What's Up With HUD's REO Sales?
Submitted by Bruce Krasting on 02/23/2010 18:18 -0500I found a funny connection between the sellers of REO for HUD and the FDIC. Surprised? Nah!
Arnold and Ed – Good Plan/Bad Plan
Submitted by Bruce Krasting on 02/21/2010 22:07 -0500Some big governors on TV. What do they propose? Spend an additional $350b a year, that we don't happen to have. When will the bond market say no to all of this? Sooner than Ed and Arnie know.
Toyota – The Japanese Perspective
Submitted by Bruce Krasting on 02/20/2010 22:17 -0500A silly story in a Japanese paper. Based on this you would have to conclude that our biggest creditor doesn't think too much of us.
A "Tell" on the NFP Numbers??
Submitted by Bruce Krasting on 02/16/2010 20:24 -0500A statistics problem. One I would love to solve. Me and a few thousand other people. A big payoff if you do solve it. The question is, has some already figured this out?
Goldman on the Yuan - What Do They Know?
Submitted by Bruce Krasting on 02/15/2010 14:03 -0500When big shots at Goldman start talking I listen. I was surprised at what they said today
Mankiw on Goldilocks Debt - Phooey!
Submitted by Bruce Krasting on 02/14/2010 18:53 -0500Greg Mankiw is talking debt again. He tries to say that the Obama budget is over the top. But he defends a "just right" policy of perpetual deficits. The markets are not going to let that fly. Not in 2010. Greg also blows smoke in our direction about how "good" things were when he was running the show.
Solvency and Liquidity - Two Different Numbers
Submitted by Bruce Krasting on 02/13/2010 18:31 -0500What's a difference of a Trillion dollars in Spain's reported External Debt mean? It changes the debate from solvency to liquidity. An important difference.
A Uruguay - Greece Story
Submitted by Bruce Krasting on 02/09/2010 15:16 -0500A story of some folks who stumbled and why. This story could be Greece or Spain in a year or two.
Hank's Book - My Take
Submitted by Bruce Krasting on 02/07/2010 11:36 -0500I take issue with some of Hank Paulson's tell all book "On The Brink". I don't think he told all the story. Parts of the story he told do not jibe with the facts. It was still an interesting book.
FX Intervention an Option? - Maybe
Submitted by Bruce Krasting on 02/04/2010 17:35 -0500The market action today makes me wonder if FX intervention is in the cards. A long shot that might happen.
