Thursday, August 31, 2006

Regulators? We don't need no stinking regulators!

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Today's WSJ has an article on possible insider trading in CDS titled " Can Anyone Police Swaps ?" Its a follow-up from an arti...
1 comment:
Wednesday, August 30, 2006

Only a penitent firm will pass...

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Yesterday's journal included an article on hedge funds invoking rarely used covenants to force companies to pay off all their debt . I w...

There can be only one. Mandate for the Fed that is.

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Dallas Fed president Richard Fischer gave one of the best speeches on inflation I've read recently , and in it, reiterates a point I...

Your eyes can deceive you, don't trust them

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On my Bloomberg yesterday, I saw the following headlines. *FED MINUTES SAY AUGUST RATE DECISIONS 'WAS A CLOSE CALL' *FED MINUTES SAY...
Tuesday, August 29, 2006

Unbiased but wrong...

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I'm picking up on this debate a bit late, so I apologize in advance. On Thursday, the Wall Street Journal ran this op-ed piece by Arthu...
Monday, August 28, 2006

Ernesto -- "I'm going to DISNEY WORLD!"

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Tropical Storm Ernesto is over Cuba and headed for Florida . Oil prices are falling considerably on the hope that Ernesto will give all the...
1 comment:

Can China succeed where Russia failed?

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Over the weekend, the Enterprise Bankruptcy Law was approved by the Standing Committee of China's National Peoples Congress . I'm no...
Saturday, August 26, 2006

Bye bye Mr. Rubin guy...

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They were singing... Bye, bye Mr. Rubin guy , Drove my Jaguar to find a buyer, cause our cash is running dry. And them good ole boys are dri...
Thursday, August 24, 2006

Higher stock price is Job #1

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Ford family members are claiming they are considering going private according to USA Today . This is the funniest thing I've heard all w...

Real bond traders have curves

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David Andrew Taylor, author of great blog titled Dismally , wrote a post about the yield curve yesterday. I made a comment, he replied, and...

I think Lassie's trying to tell us something!

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The price action in the bond market the last 2 days shows that technicals are moving the market, not fundamentals. Yesterday we had a poor h...
Tuesday, August 22, 2006

From Moskow, with love

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FRB of Chicago president Michael Moskow said that the Fed may yet resume rate hikes if inflation gets out of hand in a speech to the McLean...

Sour grapes

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Can investors who lose money in a fund sue those who make money by timing their investment better? Sound ridiculous? It does to me, but acco...

Thoughts on the Forward Curve

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Several recent posts have been about the forward curve ( here , and here ) which is simply using the shape of the yield curve to indicate wh...
Monday, August 21, 2006

Forecast review...

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Since I started this blog in early July, I've made many brash predictions. Unlike other forecasters, I'm willing to go ahead and rev...
Friday, August 18, 2006

Changing of the guard

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After two tepid inflation reports, the bond market now seems to have established a new consensus for where the economy is headed. There is n...
1 comment:
Wednesday, August 16, 2006

Short post today...

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I'm out of the office today working on completing a transaction proposal, so my commentary will be brief. I'm very surprised the mar...
Tuesday, August 15, 2006

PPI low, 10-year up 1/2, bond buyers must be high

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Core PPI actually fell 0.3% last month , surprising the market and putting a charge into bond bulls. The 10-year is up 1/2. Now it sets up t...

You can do it, we can sell it to you

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One of the key questions for markets over the next 12-months is whether the housing slowdown and rise in energy prices will cause significan...
Monday, August 14, 2006

10-year looks to reverse

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The 10-year failed to break a key resistance point at 4.88% (got close on 8/4) and has now sold off 10bps or 3/4 of a point. Same with the 3...