October 8, 2008
Apparently Bill Gross's luck didn't stop with his latest Pimco missive wherein he said the Fed needing to begin buying commercial paper. Recall: That came out only an hour before the Fed announced just such a program. Now, according to...
Interesting new Federal Reserve Board paper out making the argument that changes in house prices hit property taxes -- and thus state coffers -- with a three-year lag. In other words, if you think states are suffering now, give it...
Sequoia Capital, one of the smarter venture firms in Silicon Valley, apparently organized a meeting yesterday for its porfolio companies telling them to get ready for a long economic downturn. It suggested ways to cut costs, and told them to...
There was a surprise today in the treasury market, with multiple issues reopened and more treasuries sold into said issues. But it was done in a huge hurry, with the market given something like an hour's notice, as if someone...
Some big and seductive moves going on, not least of which in tech, which was heavily beaten in the hedge fund GS VIP unwinding for redemptions. Look at this histogram of top-moving names among the larger cap tech stocks: [Update]...
Just in case you were thinking that it's you feeling worse than you've ever felt with respect to the current decline, it's not. It's the market. Year-to-date, this is now the worst decline in U.S. stock market history. [via Bespoke]...
Let's think about surprises. It seems entirely possible that we see at least some sort of technical bounce in here somewhere, so let's get past that and think about the future. What surprises lie ahead, whether positive or negative?...
After an initial paroxysm downward, there two worlds in capital markets today, depending on whether you're in the U.S. or ... pretty much anywhere else: [Update] Well, that ended quickly....
I'm not saying anything readers of this site don't feel viscerally, but what incredible times. Absolutely astounding. Tuesday's carnage on Wall Street after Monday's mess ... to see Iceland teetering on a species of receivership ... to see the Nikkei...
