Markets up smartly on the heels of Bernanke’s speech last night. The panic had become palpable, leading to dovish comments from...
Read More
Today’s chart-porn is this depiction of the tightening credit cycle from a front page NYT article. The chart itself was too...
Read More
A tale of two headlines: Inflation Fears Hit Eurozone and Goldman Sees Funds Rate Cut to 3%...
Read More
Sales of existing homes fell to a record low in October. What was the largest drop in home prices — ever — wasn’t...
Read More
(Alt title: Move over FASB 157 — FIN46-R is in town). While investors of banks and brokers breathe a sigh of relief over the...
Read More
Abu Dhabi to the Rescue! Late last night, the WSJ reported Citigroup will receive a $7.5B cash infusion from the governmental investment...
Read More
Its travellin’ time, as most traders are en route back from where they were for Turkey day. For those of you left behind,...
Read More
Front page of the WSJ this morning discussing what readers here will recognize as retty old news: A boatload of 2/28 APR mortgages are...
Read More
Apropos of our last post, a dozen of you (1st in: Scott Frew of Rockingham Partners) directed our attention to David Einhorn’s...
Read More
> “How could the credit-rating agencies be so wrong consistently? [They were] wrong on Mexico, wrong on Asia, wrong on Enron, wrong...
Read More
