Sorted Weekly Tweets
Busy week last week. Here’s the economic and other news: =-=-=-=-=-=–=-=-==-=-=-==-=-=-=-=–==-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- China Bloomberg: Inflated Notions http://t.co/hvMoIFH6 Patrick Chovanec questions whether Chinese economic statistics are correct. $$ Apr 22, 2012 China’s Political Stability Questioned, while Deposit Withdrawals Accelerate http://t.co/X9kJ9oZb Deposits exit China’s banks; many worry $$ Apr 22, 2012 Asia dominates new treasury purchases http://t.co/BXvgGQRi...
Sorted Weekly Tweets
Valuations High Yield Closed End Funds 68% over NAV, 3% avg premium. Loan Participation CEFs 40% over NAV, -1% avg discount. Conditions r medium hot $$ Apr 07, 2012 Why Stocks Look Too Pricey http://t.co/TWqZzGg3 Various Indicators Suggest the Market Is No Longer a Bargain, at best fairly valued $$ Apr 07, 2012 Contra:...
Easy in, Hard out
My view is that there is no such thing as a free lunch, not even for governments or central banks. Any action taken may have benefits, but also imposes costs, even if those costs are imposed upon others. So it is for the Fed. At the beginning of 2008, they had a small, clean, low...
Sorted Weekly Tweets
China China’s first bond default could be good market medicine http://t.co/8ShFniYM Bond trader: “We don’t really have a credit risk culture.” $$ Mar 31, 2012 Is China’s slowdown worse than previously estimated? http://t.co/CkZw8tLK Could b business conditions that are worst since 2009. $$ Mar 31, 2012 China Banks Said to Underestimate Local Government...
BUNDESBANK COMES OUT AGAINST WOMEN, WAR ON ALL GOOD THINGS CONTINUES. PUPPIES AND ICE CREAM TARGETED NEXT
FT Alphaville may be exaggerating with the headline a bit, but then, there’s this:Board changes at banks that result in a higher proportion of female executives “lead...
BUNDESBANK COMES OUT AGAINST WOMEN, WAR ON ALL GOOD THINGS CONTINUES. PUPPIES AND ICE CREAM TARGETED NEXT
FT Alphaville may be exaggerating with the headline a bit, but then, there’s this:Board changes at banks that result in a higher proportion of female executives “lead...
Seven Notes
First, I have some blog news: my hosting provider made me delete 7000 spammers out of my user database. That left me with 200+ users. Inadvertently, in the process, around 70 bona fide users with surnames starting with the letters J-Z got deleted. So, if you got deleted, and have to re-register, my apologies. I...
Book Review: Pandora’s Risk
This is two books in one, and very well done. The main part of the book explains risk and uncertainty in general terms, such that most people can understand it. But for those that can deal with complex math, the latter part of the book offers a lot of additional firepower. Risk is a tough...
More signs that corporate cash piles are heading into repo
An interesting announcement from Eurex Repo on Tuesday (our emphasis):Eurex Repo, Eurex Clearing and Clearstream, all part of Deutsche Boerse Group, will introduce an extension...
Sorted Weekly Tweets
I am considering making this an end-of-the-week feature as a news recap. Comments? Financials BofA’s Clash With Fannie Intensifies as Insurers Reject More Loan Claims http://t.co/fKgxwcVO Originators need to bear UW error results $$ Mar 03, 2012 Life as Libor Traders Knew It Seen as Abusive http://t.co/H5o5cH3G An inside look at the problems...
