B+

Tyler Durden's picture

The B(L)S NFP "Surprise" Is Now Dead And Burried





Remember the jovial market response after the B(L)S came out with the 10% unemployment number courtesy of all able-bodied unemployed migrating to work in Tijuana? No? Neither does the market. The 10 Year is now back to pre-NFP levels. It would appear the government's "data scrubbing" interventionism now has a half-life of at best 3 business days.

 
Tyler Durden's picture

Monetary Base Hits Record, Ratio of M.B. to Fed Assets Approaches 1.0x As Excess Reserves Fast Overtake Currency In Circulation





The Fed's monetary base has exploded, and is now at precisely $1,997 billion: an all time high. Even as the Fed's balance sheet declined this week courtesy of collapsing Commercial Paper holdings by the Fed, which were at just $15.6 billion, and Fed assets "declined" to $2,147 billion. The ratio of Fed assets to Monetary Base is now down to the lowest ratio since the Lehman collapse, at 1.08x, after historically hanging around 1.0x, as the chart attached demonstrates.

 
asiablues's picture

Brazil Puts the B in BRIC





Brazilian stocks rallied, along with the nation's currency, as investment prospects brighten on the news that Rio de Janeiro will host the 2016 Summer Olympics, making the Bovespa the world's best-performing major index last Friday.
Rising commodity prices this year have led investors to buy emerging market assets where the economies tend to be more commodity-dependent. Both emerging markets and industrial metals group are outperforming U.S. equities so far this year.

 
Tyler Durden's picture

$28 Billion 7 Year Auction Results: 3.092% Yield On 2.74 B/C





  • Yield 3.092% vs. Exp. 3.124%
  • Bid-to-cover 2.74 vs. Avg. 2.5 (Prev. 2.63)
  • Indirects 61.2% vs. Avg 44.6% (Prev 62%)
  • Indirect bid-to-cover 1.40x
  • Allotted at high 46.29% (BBG)

 
Benjamin N. Dover III's picture

Multiple Choice Trick Question of the Day: Sheila Bair A) Does or B) Doesn’t Believe 500 Banks Will Fail





If you answered “C) Both of the above”, not only would you be correct, you'd have the logical reasoning skills required to be a decabox pundit on a respected financial news network.

 
Tyler Durden's picture

AIG's 10(b) 5 Fraud, And Goldman's CDO Collateral Calls





Recently uncovered critical documents disclosing details about AIG's CDO portfolio and collateral calls, indicate that during a December 5th conference call with Investors, Joe Cassano, famous for singlehandedly destroying capitalism and forcing most financial companies to be subsidized by US taxpayers in perpetuity, as well as then CEO Martin Sullivan, effectively commited 10(b) 5 fraud by misrepresenting material company conditions.

 
Tyler Durden's picture

RenTec's RIEF/B Is Now Toe To Toe With S&P At 1.37% MTD For Both





After posting a deplorable relative performance in the first week of May, Simons' REIF is now matched with the S&P at 1.37% for both MTD. Did J.S. finally turn to the dark side and start buying SPY? If so, who is the marginal buyer left now that everyone is just a little pregnant.

 
Tyler Durden's picture

RIEF/B Underperforms S&P By 8.3% In First Week Of May





Combined with the 18.7% underperformance for the month of April, RenTec's external fund is
now down 27% versus the S&P since April 1.

 
Tyler Durden's picture

RIEF/B Underperforms S&P By 8.3% In First Week Of May





Combined with the 18.7% underperformance for the month of April, RenTec's external fund is
now down 27% versus the S&P since April 1.

 
Tyler Durden's picture

RIEF/B Underperforms S&P By 8.3% In First Week Of May





Combined with the 18.7% underperformance for the month of April, RenTec's external fund is
now down 27% versus the S&P since April 1.

 
Tyler Durden's picture

RIEF/B Underperforms S&P By 18.7% In April





Also the quant fund has underperformed the S&P by 14.3% YTD. Oddly Medallion manages to dodge the land mines.

 
Tyler Durden's picture

D.B. Zwirn: RIP





Bloomberg reports that the former bastion of massively mismarked distressed loans and crazy CDS trades, DB Zwirn is to be taken over by Fortress Management. And by taken over we mean liquidated.

 
Tyler Durden's picture

Phrase Of The Day: Last Nail In The Coffin Of ... a) US Autos; b) Ken Lewis





S&P is out with a report which basically says car scrappage will be the new black... At least for autos. From a report just released, S&P sees a 13.6 million SAAR... in 2011!

Global Downturn In Auto And Truck Industries To Continue Through 2009, Reports Say

 
Tyler Durden's picture

Berkshire Class B Set To Open Much Lower





BRK/B Indicated $2,200-$2,400 as market is about to open after closing at $2,564

 
Tyler Durden's picture

Ukraine Debt Rating Cut To B from B+ By Fitch





Fitch Ratings-London-12 February 2009: Fitch Ratings has today downgraded Ukraine's Long-term foreign and local currency Issuer Default Ratings to 'B' from 'B+'. This reflects increased risk of a banking and currency crisis in Ukraine, due to intensified stress on the financial system and greater risks to successful implementation of Ukraine's IMF-supported programme. The Outlooks on both IDRs are Negative. The agency has also downgraded the Country Ceiling to 'B' from 'B+'. The Short-term foreign currency IDR is affirmed at 'B'.

 
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