Bruce Krasting's blog
Fannie and Freddie Preferred Stock - Update
Submitted by Bruce Krasting on 07/29/2009 18:56 -0500Fannie and Freddie Pref are up 200% in five weeks. Who knows what?
C - Still on the NO BORROW list
Submitted by Bruce Krasting on 07/29/2009 16:59 -0500C goes off the NO BORROW list on Friday. The value of the common is just a guess.
Cramer on BAC - Caveat Emptor
Submitted by Bruce Krasting on 07/29/2009 10:29 -0500Cramer calls for a 35% pop in BAC. What's he selling?
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%.
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?
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?
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?
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.
Red Berries – Brown Shoots
Submitted by Bruce Krasting on 07/23/2009 18:30 -0500Raspberries as an LEI? What's Lord Maynard Keynes got to do with this? Illegal workers don't count? We have how much effective unemployment?
A Mortgage Report - What's Ginnie Mae Up To?
Submitted by Bruce Krasting on 07/21/2009 18:56 -0500Ginnie Mae is growing fast. Are they going to assume the roll of the bankrupt Fannie Mae and Freddie Mac? Is the 'Shadow System' taking a bank holiday? Are the commercial banks really making new loans?
Jumbo Mortgage Defaults on the Rise in the Sun Shine States?
Submitted by Bruce Krasting on 07/16/2009 17:03 -0500Big buck foreclosures trump green shoots.
