Archive for the ‘Capital Markets’ Category
Thursday, July 31st, 2008
A few readers were commenting on the significance of the following and I have decided to throw my two cents in: http://www.federalreserve.gov/releases/h3/current/
Non-borrowed Funds
As a result of increased counterparty risk inter-bank borrowings between the banks had dried up. In response, Federal Reserve (Fed), in December 2007, announced Term Auction Facility (TAF) ...
Posted in Capital Markets, Government | No Comments »
Thursday, July 31st, 2008
I posted this on another blog, and might as well put it on my own blog. It's in regards to Amex and their expected (by me) and disappoining (to those who don't follow this blog) numbers.
I think Amex's problems run quite a bit deeper than most realize. They have a ...
Posted in Capital Markets | No Comments »
Thursday, July 31st, 2008
I got a kick out of this, excerpted from WSj's "It's time to feast on crow":
Unlikely Vision of the Next Bubble
Let us fast forward to the next bull market, in early 2013. Regulators and market participants have learned the lessons of the 2007-09 credit crunch. There are signs of a ...
Posted in Capital Markets | No Comments »
Friday, July 25th, 2008
A few readers were commenting on the significance of the following and I have decided to throw my two cents in: http://www.federalreserve.gov/releases/h3/current/
Non-borrowed Funds
As a result of increased counterparty risk inter-bank borrowings between the banks had dried up. In response, Federal Reserve (Fed), in December 2007, announced Term Auction Facility (TAF) ...
Posted in Capital Markets, Government | 1 Comment »
Wednesday, July 2nd, 2008
I am predicting and betting heavily on another large bank failure in the US and the Eurozone. Many on the site have probably already guessed what it is that I do. Well, I may be significantly epanding my job description if the financial system takes the hits that I expect ...
Posted in Capital Markets, Commercial Banks, Investment Banks | 4 Comments »
Tuesday, July 1st, 2008
Nouriel Roubini, global macro Uber-Bear, has posted an interesting commentary on his blog - "The delusional complacency that the “worst is behind us” is rapidly melting away…and the risk of another run against systemically important broker dealers" which I am excerpting below with my comments in red:
The deleveraging process for ...
Posted in Capital Markets, Commercial Banks, Commercial Real Estate, Investment Banks, Mortgage Banks, Research | 7 Comments »
Monday, June 9th, 2008
According to this Bloomberg article, the boombustblog.com articles more than doubled the performance of the best performing Wall Street analyst of the past year while soundly out-performing ALL of the analyst and brokerage house recommendations. Most of those guys had deeply negative returns and failed to beat the broad markets.
Hey, ...
Posted in Capital Markets | 2 Comments »
Thursday, June 5th, 2008
Yep, I said it. The monoline business model that MBIA and Ambac used relied on the ignorance of clients and market participants to survive. These companies attempted to undercut the market pricing of risk - charging clients consistantly less than what Mr. Market would, and pocketing the difference, all the ...
Posted in Capital Markets, Commercial Banks, Insurers and Insurance, Investment Banks | 1 Comment »
