Another Tool for the Fed ?
Have you ever even thought about this? "The Federal Reserve is formally asking Congress for authority — starting this year...
Disconnect
Today, we are going to go to Bill King, a long time observer of the stock markets. Bill writes the daily “Independent View of the...
Report on UBS’ $37 Billion Writedown
Kids, we have some fascinating reading in store for you this weekend. The "conservative" Swiss banking giant UBS — and I...
Fear of Missing A Rally
A friend who is a fund manager asked me the following question today: What’s the greater fear, missing a rally, or owning equities...
Today’s Infoporn: Follow the Money in Global Dealmaking
NYT’s special Dealbook section today had a deliciously giant graphic on the global path money takes in today’s deal...
Housing slump comes to the Hamptons
Manhattan has been mostly immune from the Housing slump. This has been primarily due to lots of Wall Street money, and the cheap dollar,...
Goldman: Total Leveraged Credit Losses = $1.2 trillion
Discount Window Borrowing
Terrific chart via Bill King shows the extent of the borrowing by financial institutions at the Fed Discount Window. Note the 4 spikes:...
