October 10, 2008
Maybe it's just me, but this G7 statement struck me as vague even by the vague standards of the always vague G7. The G-7 agrees today that the current situation calls for urgent and exceptional action. We commit to continue...
I knew things were nutty toward the end of my time in the brokerage business, but, according to one analyst, it was beyond nutty, it was the actual inflection point that sent us hurtling toward where we are today. Sorry...
Lengthy discussion with ex-Fed head Paul Volcker on Charlie Rose last night. As a side note, Peter Thiel is on Rose tonight....
This is market is worse than a divorce. I've lost half my net worth, yet I still have my wife. -- Source: Anonymous. (I was sent it today by someone who overheard it, but wants to remain unidentified.)...
Quickly, before I take off, you can keep an eye on the Lehman CDS auction over at CreditFixings. The inside market midpoint is 9.75, but we won't see all the bids and really know how things shake out until 2pm...
I'm out today (Friday) and unlikely to be posting anything, other than perhaps late in the day. Take care of yourselves. Really....
