Untitled
May 8, 2008
Revisiting Freight Rates And Industrial Commodities Changes in the Baltic Dry Freight index and in industrial materials prices since January underscore global industrial strength.
Our Research
Sample Our Reports, Presentations, & Market Insights
The Fed Readies To Stoke Inflation
May 7, 2008
The Wall Street Journal – Fed Seeks Approval to Pay Interest to Banks The Federal Reserve is formally asking Congress for authority — starting this year — to pay interest on commercial-bank reserves, in an effort to gain better...
Untitled
May 2, 2008
April Total Return Review: Treasuries Vastly Outperform Stocks Over The Past 10 Years The attached tables and comments update the total returns through April. Over the last 10 years stocks have underperformed bonds to a degree not seen since 1941....
Untitled
April 25, 2008
Financials’ Cost Of Capital The financial firms at the heart of the credit crunch have been rewarded with low current weighted average costs of capital.
Untitled
April 23, 2008
Charts of the Week Topics Covered This Week Include: Financial Losses Update and Perspective Capital Raised and Wall Street Job Losses The FOMC Is Having Problems Hitting Its Target Second Comparative Assessment Of April 30th FOMC Meeting Was Last Week A “Sea Change” For LIBOR? Eurodollars, The TED Spread And The Turning Point Update On… Continue reading Untitled
Untitled
April 22, 2008
Government and Financial Markets In this study, we look at how Government affects the financial markets. We find that the movement of the CRB and the number of pages in the Federal Register are closely correlated. Also, the financial markets perform...
Understanding What A Shrinking Capital System Means
April 21, 2008
The Financial Times – John Authers: So is there anything out of the question? Why has the S&P 500 fallen only 13 per cent from its all-time high, when other markets are behaving as though the world were in a deep crisis? Stocks’...
Untitled
April 18, 2008
What Will It Take To End The Credit Crisis? For the credit crisis to truly end, more collateralized loans are not the answer. More capital, in excess of the losses to-date, is the answer. This way the financial system can again expand to meet the...
The GE Culture – Part 2
April 17, 2008
The Wall Street Journal – Embattled GE CEO Defends Strategy Mr. Immelt has a “credibility problem,” Mr. Welch said on CNBC, a cable network owned by GE. Citing GE’s missed earnings forecast, he said: “Here’s the...
Thank You Ethanol
April 15, 2008
Bangladeshi demonstrators chant slogansagainst high food prices during weekend protests. People stand near the ruins of a gas station after recentrioting over high food prices near Port-au-Prince, Haiti. CNN – Riots, instability spread as food...
The GE Culture
April 14, 2008
Notions on High and Low Finance (NYT Blog) – Floyd Norris: Lessons of G.E.G.E. had a reputation of being a master at meeting the numbers, something its bosses were confident they could do only a month ago. So you have to figure that something...
Untitled
April 9, 2008
Expected 3-Month LIBOR Rising While the spread between the three-month LIBOR set-for-tomorrow swap and effective federal funds is re-normalizing, the high realized volatility of effective federal funds indicates continued high levels of market...