Ford, GM … Who’s Next?
Call the Fed, my favorite burger joint down the street is experiencing distress. Yeah, I’ll take a double with cheese, hold the TARP. Not really sure how Detroit... >>>
TARP: Get in the Back of the Queue!
While the newsflow continues unabated, market engagement remains tepid at best; as noted, many punters (and banks) seem content to limp into year-end. The latest... >>>
Global Unwind Continues, Paulson Doesn’t Help
The global unwind continues this morning with US equities, commodities and currencies taking another beating. The US dollar and Japanese Yen continue to outperform... >>>
Could the UK Become the Next Japan?
When the Bank of England cut interest rates by 150bp last week, I turned aggressively bullish EUR/GBP on the belief that interest rates are headed below 2%. The... >>>
Don’t Even Think About It
Ours is a world hopelessly addicted to looking at the past. The recent past in particular. That’s how the mind of homo economicus is wired and only with hefty... >>>
Microsoft Moves Closer on Search Deal with Verizon
Microsoft’s (MSFT) attempts to pull the rug out from under Google’s talks with Verizon Wireless (VZ) seem to be working. According to WSJ - the Redmond-based... >>>
Russia Softens Its Line on the Country’s Currency
Despite the desire from the Russian authorities to portray the country as not very sensitive to contractions in price and demand for its core exports (oil, gas... >>>
What Matters More? The Good or the Bad
Every day, equities, currency and bond traders weigh the good news with the bad to determine if they want to buy or sell. Today, there were just as many positive... >>>
Home Builders: Not Finding Buyers Here
The housing crisis is where the financial meltdown started and some analysts speculate housing is where the recovery must begin. Implosion of the subprime and “Alt... >>>
Homes vs Stocks
So whats the difference between being underwater on a mortgage and underwater on a stock? Is it that “experts” will tell you to hold the stock in hopes of it... >>>
