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November 6, 2008
It Is All The Same Trade In addition to an absolute wealth loss, the credit crunch has, as all crises do, forced a confluence of returns and made diversification difficult if not impossible to achieve.
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November 5, 2008
Charts of the Week Topics Covered This Week Include: What Does A “Medicated” LIBOR Measure? Are CDX Prices Pointing To Health In The Credit Markets? Credit Spreads Are Still At Crisis Levels Distressed Debt Munis vs. Treasuries Sovereign Credit Risks: With A Little Help From Our Friends Sovereign CDS Costs’ Impact On equities And Currencies… Continue reading
LIBOR & CDS
November 5, 2008
The Financial Times – Dollar lending rate reflects crunch easing The benchmark floating rate for dollar lending on Tuesday fell below the level that prior to the bankruptcy of Lehman Brothers in mid-September, providing a further sign that the...
The Economy – Everything Stopped On October 10, When Will It...
November 4, 2008
Bloomberg.com – U.S. Auto Sales Fall 32% to Lowest Total in 17 Years U.S. auto sales plummeted 32 percent in October to the lowest monthly total since January 1991, led by General Motors Corp.‘s 45 percent slide, as reduced access to...
Predicting The Election
November 3, 2008
<Click on chart for larger image> Comment We view Intrade.com’s election betting as a real-time poll. If there is any movement toward a McCain surprise, expect InTrade to react immediately. You can track Intrade in the column to the...
Talking Energy
November 3, 2008
<Total Time 15:00> EnergyTomorrow.org – ETR 57 Oil Prices and the EconomyJane Van Ryan talks with Howard Simons, strategist for Bianco Research in Chicago about the recent drop in the price of oil. Comment Many of these topics were...
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October 28, 2008
Revisiting The Stock-Treasury Relationship After The Collapse The long-term correlation of returns between stocks and government bonds in the U.S. and Japan has become less negative as bond yields refuse to decline further.
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October 21, 2008
S&P 500 And Three-Month Treasury Bill Comparative Returns The inability of the S&P 500 to outperform Treasury bills for 11 3/4 years poses a challenge for investment professionals.
Is It Time To Buy Stocks?
October 17, 2008
The New York Times – Warren E. Buffett: Buy American. I Am. So … I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This...
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October 16, 2008
U.S. Treasury’s International Capital Statistics Update Tables and comments detailing foreign investment through August 31, 2008 with data released on October 16, 2008. Last Month, we detailed the record net sales of agency securities by...
The Most Amazing Month Of Your Career
October 16, 2008
The Financial Times – Swiss banks get major rescue package Switzerland on Thursday joined the list of countries taking unprecedented measures to strengthen their banks with the government taking an indirect SFr6bn (US$5.3bn) stake in UBS and...
The Bailout Is Upon Us…Again
October 15, 2008
USERNAME: applePASSWORD: tree Due to broadcaster copyrights, the website with our video is now required to have a password (it cannot be an “open site”). When you click on the link above, you will be required to enter the username and...