Piling into US$’s and Treasuries, quite ironic
The panic for CDS sovereign protection is continuing this morning and investors take solace in the US$ and US Treasuries. Quite ironic of...
PIGS Won’t Fly
> It was pretty ugly across the board yesterday. There was little buying interest — the market gapped down, drifted lower all...
Greecey Markets Suffer Another Slide
Good Evening: Global asset prices took a fairly substantial hit today, as sovereign debt issues in Europe continued to ignite....
Open Thread: NFP, Market Collapse
Futures are recovering after today’s rout in the markets, a near 3% whackage. Tomorrow is the big NFP, with a possible +5k handle....
Overstock.com to Restate Earnings
I really didn’t want to get drawn in to the freak show that is Overstock.com. But for my family members showing up on some...
Thursday’s Reads
Today’s readings look pretty interesting: – Volcker Rule unabridged (Marketwatch) How the former Fed chairman can sharpen his...
CDS and why moves are greater than underlying bond market today
Here are some updated CDS levels in the troubled European countries, Portugal 225 +30, Italy 150 +20, Greece 410 +22, Spain 170 +19, and...
Country & State Credit ratings
Ben Schott had a great OP-CHART yesterday that I meant to get to — its a run of about 80 Country & all 50 State credit ratings:...
Bloomberg on the Birth Death Adjustment
With the NFP payroll report out tomorrow morning, Bloomberg.com put together a timely infographic on one of our favorite pet peeves: the...
Chanos on . . .
Be sure to check out the videos from this morning with Jim Chanos in the Video page He runs $6 billion dollars, and has terrific insights.