Contributing Editors' Blog Entries
The Wild, Wild West of Natural Gas Trading
Submitted by asiablues on 09/17/2009 - 22:24 Natural Gas In my last article, I discussed two of the major factors to this week’s run-up in natural gas - Operation Flow Orders (OFOs) and pre-configured stop orders being hit. Here, I’d like to take a look at some other concurrent distortions in the natural gas market.
Fed Clarifies QE Policy - Sort Of
Submitted by Bruce Krasting on 09/17/2009 - 22:03 I asked the Fed a question on what was QE. Their response surprised me. It also left me confused. Does this bring any clarity to this big question?
OMERS Grants Nomura Six Years Free Rent!
Submitted by Leo Kolivakis on 09/17/2009 - 21:23 Nomura The news in commercial real estate keeps getting grimmer by the day. This crisis will have severe implications for pension funds that are carrying these properties on their books and banks that are exposed to commercial real estate loans. In other words, the commercial real estate crisis isn't over - not by a long shot.
Unsolicited Offer to the Securities & Exchange Commission: Hire Me
Submitted by Anal_yst on 09/17/2009 - 00:03 It seems almost each week, if not each day we learn of yet another FAIL from our alleged watchdogs at the Securities & Exchange Commission, but there is only so much facepalm a pseudonymous blogger can take before he is compelled to do something about it.Senator Isakson on RE: We Need More Gas!
Submitted by Bruce Krasting on 09/16/2009 - 18:07 Senator "Johnny" Isakson from Atlanta wants to juice up the subsidy for home buyers. How much is this one going to cost us? Does the Senator have an axe to grind?
Sell Nat Gas Producers and Buy UNG.
Submitted by scriabinop23 on 09/16/2009 - 00:10 Nat Gas Buy a contango and high cost-of-carry burdened asset versus a stream of perpetual earnings? What planet am I from?On Wizards and Wise Men
Submitted by Leo Kolivakis on 09/15/2009 - 21:31 But the wizards of Wall Street remain undeterred. They will come up with new ways to model all risks, including systemic risk. Will the consuming public be fooled by their chicanery? I don't know about the consuming public, but I guarantee you that the pension parrots will be fooled by their chicanery.Fired Up? Ready to Go?
Submitted by Leo Kolivakis on 09/14/2009 - 23:32 A year after Lehman collapsed, what have they learned on Wall Street? Absolutely nothing. That's pretty much what I see on Wall Street and at the large "sophisticated" Canadian public pension funds. Behind the rhetoric, it's business as usual. Who needs risk management when the markets are on fire and you're looking to shoot the lights out?You Can't Do Good and Do Well on Wall St.
Submitted by Bruce Krasting on 09/14/2009 - 18:21 The President asked the banks to do 'good'in his speech today. That isn't going to work. An old story of a bad deal.
Does gold already price in the future inflation that may or may not happen?
Submitted by Vitaliy Katsenelson on 09/14/2009 - 14:31 Inflation is a possible but not a guaranteed outcome of what is taking place in the economy today. Deflation or a muddle-through economy with very low nominal growth are possible and probable outcomes.
Good morning, worker drones: This Week In Mayhem
Submitted by Project Mayhem on 09/14/2009 - 08:01 Project Mayhem reviews the most important financial and geopolitical news of the past week and takes a look at the week ahead.SSTF - What to do? The Funds Thinking
Submitted by Bruce Krasting on 09/14/2009 - 07:25 The SSTF pointed me to their web site. They provide information regarding the range of alternatives available to "fix" the problem. In my view they have come up with nothing that will work.
David Rosenberg: This Is Your Last Chance
Submitted by thetechnicaltake on 09/14/2009 - 07:23 David Rosenberg Rosenberg The growing divergence between lower 10 year Treasury yields and higher equity prices continues.