Contributing Editors' Blog Entries
Big Deals and Big Balls on Wall Street - The "Pony" Trade
Submitted by Bruce Krasting on 08/29/2009 - 09:35 A 'secret' conversation reveals some thinking and practices on Wall Street. Shocking!
Overhaul or Tweak Pensions?
Submitted by Leo Kolivakis on 08/27/2009 - 21:59 If Senator Kennedy were alive today, he would be spearheading the health care debate as well as the pension crisis. And he wouldn't be tweaking anything, but going for an overhaul of the entire system to ensure everyone retires in dignity and security.What's C Worth?
Submitted by Bruce Krasting on 08/27/2009 - 21:04 What is C's market cap these days? Bloomberg and Yahoo can't agree. I am confused too. There is a ton of shares outstanding that are not included in the current float. Buyers of the stock today are looking at 8 billion shares that would love to get sold.
Long Live The Bubble King!
Submitted by PragmaticIdealist on 08/27/2009 - 15:42 With the recent reappointment of King Bernanke, it is appropriate to revisit the key tenets underlying Bernanke-nomics and how they are likely to destroy America, if not the world. I take a look at a speech made before the National Economics Club circa 2002 and conclude nothing has changed.US Treasury Inspector General on Agency MBS – Don’t Buy It!
Submitted by Bruce Krasting on 08/27/2009 - 11:00 Agency MBS The Inspector General of the US Treasury has some negative things to say about the GSE MBS. Who looks silly? Who looks smart?
FDIC Q2 2009 Report Released
Submitted by Project Mayhem on 08/27/2009 - 09:51 The FDIC has released it's Q2 report. Here are some interesting pieces of information.Holy Halabi! Worst Caisse Scenario?
Submitted by Leo Kolivakis on 08/26/2009 - 22:39 The first thing that went through my mind is who is Simon Halabi? The second thing that went through my mind is who is the idiot at the Caisse that structured this deal? I mean who would agree to terms where the Caisse would hold the junior portion of a 1.45 billion- pound loan? Something really stinks with this deal and I suspect there is a lot more to this than what we know.
Those Who Fail to Learn From History...
Submitted by Anal_yst on 08/26/2009 - 16:26 Fail Because nothing bad could ever possibly come of this...On Fannie and Freddie Common
Submitted by Bruce Krasting on 08/26/2009 - 10:20 The silliness in junk stocks continues. What's a fair price for the Agency common? The Pref stock pricing suggests it's about 50 cents. Go figure
Long Term Treasury Yields: Someone Is Going To Be Wrong
Submitted by thetechnicaltake on 08/26/2009 - 00:12 Long term Treasury yields have not discounted the economic recovery, and in fact, yields on the 10 year Treasury have a high likelihood of heading lower. Equities have discounted a strong economic recovery. This divergence won't persist for long.A Lesson in Liquidity?
Submitted by Leo Kolivakis on 08/25/2009 - 20:04 I think that in the environment we are heading in, there will be a premium placed on liquidity. Long gone are the days where you tie up your money for ten years in private equity or accept lock-ups of three years with some hedge fund (some are stupid enough to do this).
Canadian Dollar Crosses Head For the Kitchen Sink - 25-Aug-2009 Action
Submitted by Raymond Shaw on 08/25/2009 - 13:08 Canadian Dollar Bank of Canada's Council Member Timothy Lane has some interesting things to tell the market.
FOIA NOT DOA: District Court Holds Federal Reserve Improperly Withheld Records From Bloomberg
Submitted by Res ipsa loquitur on 08/25/2009 - 12:13 Federal Reserve FOIA August 24, 2009 will undoubtedly go down as a day of celebration at Zero Hedge as the thus-far bullet proof Federal Reserve was ordered to produce documents improperly withheld from Bloomberg reporters Mark Pittman and Craig Torres.
