Bank of America Merrill Lynch has joined the passengers on the good ship QE2 and expects to set sail some time early in New Year.From strategist David Bianco on Wednesday:Owing...
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All aboard the QE2
A scary September…
Pinch, punch, first of the month, Rabbit, Rabbit, Rabbit, and all that.Today is September 1 — and September is the cruelest month — for stocks anyway.The below from Barclays Capital:...
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Queasing over Quantitative Easing, Part IV
In my last post on this topic, I went over the orthodox and unorthodox monetary policy responses to the crisis in the US. Here were the orthodox options: Lower the Fed funds rate into lower positive territory. Offer language that says that the Fed Funds rate will be low for a long time. Buy...
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The FSA’s finance fix (Part III): dampening profits
Continued from Part II.A valuation-based approach may be the FSA’s preferred option for fixing banks’ trading books and fortifying them against future risk, but it’s difficult,...
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The FSA’s finance fix (Part I): credit is different
Behold — your financial crisis/accounting/structured finance/financial reform reading for the weekend:The 126-page discussion paper is from the UK’s Financial Services Authority,...
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The BoE behind closed doors – surprisingly philosophical
Or, what keeps Britain’s central bankers up at night.The Bank of England and the Centre for Economic Policy Research hosted their fourth monetary policy roundtable on July 14,...
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Managing Illiquid Assets
Illiquidity is an underrated risk. Most financial company failures are due to illiquidity, which usually takes the form of too many illiquid assets and liquid liabilities. Adding to the difficulty is that it is generally difficult to price illiquid assets, because they don’t trade often. So where do we see failures due to illiquidity?...
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Moving targets, US housing edition
If at first you don’t succeed . . . move the goal-posts.In the grand tradition of stimulus policy gone wrong, that seems to be just what the US Treasury has done in relation...
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Flipping the capital structure || erutcurts latipac eht gnippilF
The Basel Committee published a 20-page consultative document on loss absorption in capital instruments -- something that's (finally) gaining some serious regulatory attention...
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Basel gives good CoCo
Basel goes bank CoCo nuts. Or as the Basel Committee has put it more, ah, soberly:The Basel Committee is of the view that all regulatory capital instruments must be capable of...
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- FT.com / Technology - Oracle looks to give Hurd leading roleOracle looks to give Hurd leading role: By Joseph Menn in San Francisco Oracle's board will meet within days to vo... http://bit.ly/9WhXp00 comments […]
- FT.com / Technology - Google warned on China plansGoogle's technological lead over Baidu has eroded, the company's former China head has said, highlighting the increasing challenges western internet companies face in the world's most populous internet market0 comments […]
- Time for retailers to plan for the worst - TelegraphManagement expert John Timpson tackles investment decisions, female board directors, and retirement ages.0 comments […]
- FT.com / Columnists / Lucy Kellaway - Twitter is no way to manage a smelly messAn offhand comment on the site by a well-known smart alec triggers corporate overkill from Starbucks, writes Lucy Kellaway0 comments […]
- FT.com / In depth - Tories head off alternative-vote rebellionA threatened Conservative rebellion on voting reform – which could have raised serious tensions within the coalition – looks to have been averted after intense pressure by the whips0 comments […]
- Home owners to be moved off interest-only mortgages - TelegraphHome owners with interest-only mortgages are being made to pay higher monthly payments after being moved onto repayment deals amid fears of a double-dip in the housing market.0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- New Zealand Earthquake Reconstruction Likely to Cost About $1.4 Billion - BloombergNew Zealand Earthquake Reconstruction Likely to Cost About $1.4 Billion - Bloomberg http://bit.ly/azUAW60 comments […]
- Wall Street faces an economy at a 'crossroads' - Sep. 5, 2010Wall Street faces an economy at a 'crossroads' http://bit.ly/cUqRE00 comments […]
- More people say economy is in poor shape - Sep. 5, 201081% rate U.S. economy as 'poor' - CNN poll http://bit.ly/cdghcs0 comments […]
- Israel stocks up; deals in property, cars in focus Israel Stocks - MarketWatchIsrael stocks up; deals in property, cars in focus Israel Stocks - MarketWatch: http://bit.ly/bxY4kl via @addthis0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- FT.com / Japan - Kan in close fight to remain Japanese PMNaoto Kan, Japan's prime minister, is locked in an extremely close race with ruling Democratic party challenger Ichiro Ozawa, according to polls of the party members that will decide this month's DPJ leadership election0 comments […]
- FT.com / FTfm / Investment strategy - Protection of money market investors at riskSponsors will be less likely to bail-out money market funds to avoid breaking the buck0 comments […]