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What Is Perella Weinberg's Compensation Structure?
Submitted by Tyler Durden on 01/29/2009 19:09 -0400
As Dealbook reported previously, Perella Weinberg, the advisory/investing company headed by former Morgan Stanley Chairman of Investment Banking Joe Perella, has been retained by the FDIC to "advise on transactions and strategies to stabilize the banking system, and also on the proper way to dispose failed institutio
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Saved By 12 Zeroes; Zimbabwe Gets Creative in Battling Hyperinflation
Submitted by Tyler Durden on 02/02/2009 15:02 -0400
In what may not be the most effective way to battle hyperinflation, Zimbabwe Central Bank governor (now that is a misnomer) Gideon Gono is making "its foreign exchange more transparent" and cutting 12 zeroes from the currency, i.e. a trillion to one exchange conversion.
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Weekly CDS Change Update Per DTCC - Technical Recommendations
Submitted by Tyler Durden on 01/29/2009 03:16 -0400New DTCC weekly change numbers released for week ended January 23. Most notable is the huge gross notional and contractual amount of full terminations of consumer services CDS. Looks like funds are fully covering overhanging shorts. As this has been the most profitable position over the past 3 months it is not too surprising. Based on this technical data, we would recommend establishing short positions in the space due to the diminishing risk of a mass squeeze.
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What Is Perella Weinberg's Compensation Structure?
Submitted by Tyler Durden on 01/29/2009 19:09 -0400
As Dealbook reported previously, Perella Weinberg, the advisory/investing company headed by former Morgan Stanley Chairman of Investment Banking Joe Perella, has been retained by the FDIC to "advise on transactions and strategies to stabilize the banking system, and also on the proper way to dispose failed institut
New Spin on Ponzi Idea: (Not) Investing Clients' Money in TARP
Submitted by Tyler Durden on 01/30/2009 17:40 -0400Yes, this guy is small time, ripping off people for "only" $6.5 million, but his approach is unique.
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Is The Obama Administration Largely Misguided
Submitted by Tyler Durden on 02/02/2009 15:41 -0400Is anyone else getting tired of all these headlines about how Obama and his learned senators will only give aid to banks (and bail out the Western financial system) if the latter increase lending to consumers and companies? With all due respect, this is really dumb for two reasons: consumers actually don't want debt (kinda goes against the whole increasing savings concept) and companies actually have easy access to credit.
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Weekly CDS Change Update Per DTCC - Technical Recommendations
Submitted by Tyler Durden on 01/29/2009 03:16 -0400New DTCC weekly change numbers released for week ended January 23. Most notable is the huge gross notional and contractual amount of full terminations of consumer services CDS. Looks like funds are fully covering overhanging shorts. As this has been the most profitable position over the past 3 months it is not too surprising. Based on this technical data, we would recommend establishing short positions in the space due to the diminishing risk of a mass squeeze.
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- 606 reads
Private Jet Maker Textron Down 30% on Horrendous Results and Outlook
Submitted by Tyler Durden on 01/29/2009 19:30 -0400Textron, the owner of business jet maker Cessna, posted atrocious results early today. Stock was down 30% at last check... This is unfortunately in line with our expectations that nothing good awaits the private jet maker and its peers.
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Charts of The Day: Japan Mfg / U.S. Durable Goods Orders
Submitted by Tyler Durden on 01/30/2009 17:53 -0400Spin this:
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Is The Obama Administration Largely Misguided
Submitted by Tyler Durden on 02/02/2009 15:41 -0400Is anyone else getting tired of all these headlines about how Obama and his learned senators will only give aid to banks (and bail out the Western financial system) if the latter increase lending to consumers and companies? With all due respect, this is really dumb for two reasons: consumers actually don't want debt (kinda goes against the whole increasing savings concept) and companies actually have easy access to credit.
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- 857 reads
Late Wednesday Headlines
Submitted by Tyler Durden on 01/29/2009 03:53 -0400- Ruble rubble - currency crashes Wednesday by record 2.5% (Moscow Times)
- Latest "reflexivity" ruminations by George Soros (FT)
- House passes stimulus bill; not one republican votes for (Brutally Honest)
- Doom and gloom: economic pain to be "worst for 60 years" (
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Treasury Update: 30-Year Massacre V2
Submitted by Tyler Durden on 01/29/2009 20:13 -040030 Year down 200bps to 117.25, for 3.52%. TBT longs happy again
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Blackstone Sued for Penny Pinching
Submitted by Tyler Durden on 01/30/2009 18:14 -0400Dealbreaker reports of an amusing cityfile artile, in which it seems the Financial Times is suing Blackstone scion Stevie of duplex 15/16B at 740 Park, for abusing FT.com login privileges. This is so funny cause it's true for so many.
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January Auto Sales Bloodbath Preview
Submitted by Tyler Durden on 02/02/2009 16:48 -0400
Tomorrow the D(istreesed)-3 post their January sales numbers. It will come as no surprise as GM, Ford and Chrysler "shock" the market with the latest batch of horrendous news which may likely serve as a preamble to more Detroit-to-DC panhandling daytrips.
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