Some Links for March 24,2008
Monday, March 24th, 2008Inflation rears its ugly head in Saudi Arabia. Japanese business sentiment sour. B of A to take Q1 hit,analyst says. And an interesting post from the excellent blog Interfluidity.
Archive for March, 2008
Inflation rears its ugly head in Saudi Arabia. Japanese business sentiment sour. B of A to take Q1 hit,analyst says. And an interesting post from the excellent blog Interfluidity.
Opening Comments March 24 2008
Monday, March 24th, 2008Prices of Treasury coupon securities continued their retreat in overseas trading as the latest series of actions by the Federal Reserve has at least temporarily restored some equanimity to troubled finacial markets. ( The level of trading over the weekend was subdued as most of Europe remains closed for the ...
From the Farm to the City
Sunday, March 23rd, 2008There is an interesting article in the Financial Times about the flight from rural areas of China to the urban areas. That migration has been ongoing for some time now as I can recall reading an article in Foreign Affairs about it several years ago. I think that migration is a greater ...
Throw the Equity Holders Under the Bus
Sunday, March 23rd, 2008Following the Bear Stearns /JPMorgan arranged marriage last week I wrote that I thought the template at the Fed for dealing with the currentfinancial crisis was to throw the shareholders under the bus in favor of the bondholders. There is an article in the NY Times this morning with an interesting ...
Senior Fed Official Contradicts FT Story
Saturday, March 22nd, 2008Greg Ip at the Wall Street Journal directly quotes a senior Fed official who states the the Fed IS NOT in discussions with other central banks for coordinated purchases of MBS. In this instance the story seems a pointed response to the FT story as Mr Ip has been the ...
S and P : Negative Watch for GS and LEH
Friday, March 21st, 2008Via Reuters on Good Friday when many were not watching.
Some Links on Good Friday Morning
Friday, March 21st, 2008Barney Frank calls for tighter scrutiny of investment banks. And an interesting article from Economist's View.
Thoughts on the Unwinding of Curve Trades and Other Winners
Thursday, March 20th, 2008The massive unwind of risk positions continues in the Treasury market. The yield on the 2 year note has jumped 10 basis points today to 1.56 percent from 1.46 percent. The 5year note yield has increased 8 basis points to 2.39 percent while the yield on the benchmark 10 year ...