Archive for March, 2008
Monday, March 3rd, 2008
In early trading mortgages are lagging swaps by about six basis points. Some dealers reported a modest amount of selling by hedge funds in the early going but little since. Participants in that market seem to have their attention focused on the tribulations of Thornburg Mortgage Corp. They confess that ...
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Monday, March 3rd, 2008
Prices of Treasury coupon securities are modestly lower in early New York trading and have surrendered gains achieved early in Tokyo trading as equity markets around the world crumbled. In that early trading the yield on the benchmark 2 year note had touched a cycle low of 1.56 percent and ...
Posted in Uncategorized | Comments Off on Opening Comments March 03 2008
Monday, March 3rd, 2008
HSBC posts record profits in spite of striking an American speed bump.
Singapore holds chunky stake in UBS.
And Chinese money seeks a home.
Greg Ip, Fed mole, discusses recession and inflation and the near term course of monetary policy.
Posted in Uncategorized | Comments Off on Some Monday Morning Links
Sunday, March 2nd, 2008
Earlier I posted a link to this informative and worthwhile study of the current financial crisis. Here is a link to the excellent blog Calculated Risk which has an email from one of the authors with a brief summary of the work.
Posted in Uncategorized | Comments Off on Another Link
Sunday, March 2nd, 2008
The fear which gripped markets on Friday is still in control as the new week unfolds in Asia. It is 810PM ET as I write and the Nikkei is down 3.65 percent and the Australian equity market has dropped by a tad more than 3 percent. Equity futures indicate that ...
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Sunday, March 2nd, 2008
I have scanned this and do not pretend to have read all of it but this will be considered the benchmark and most comprehensive study of the credit credit crunch for a very long time.
This action is not designed to assuage the speculative fever in the oil markets.
Antipodean credit crunch.
The once ...
Posted in Uncategorized | Comments Off on Some Links
Sunday, March 2nd, 2008
Today marks the end of two months of blogging and the beginning of month three. Thanks to all who have visited and to all who have generously and magnanimously linked to this site.
JJJ
Posted in Uncategorized | Comments Off on Thanksgiving