January 29, 2009
I just need to get this off my chest, so I'll post it here and be done. I'm a fan of Bob Pisani at CNBC, so this has nothing to do with him, but math-linguistic constructions like the following bother...
This is long and through a translator, so let it run in the background like financial Muzak, but Chinese Premier Wen Jiabao at the World Economic Forum is worth listening to. He is surprisingly on-point....
Weak results from today’s Treasury 5-year note auction: The auction, which caps a week when the Treasury raised $78 billion in notes and bonds, may signal investors will have trouble absorbing the as-much-as $2.5 trillion in debt the U.S. is...
Rush Limbaugh was on CNBC (voice only) this morning talking his stimulus plan (of the financial and non-pharmaceutical kind). It was entertaining stuff, despite the video absence of Limbaugh....
Having said his strategy is to stay under the Treasury/Fed umbrella, PIMCO fund manager Bill Gross is now cheerily suggesting that the umbrella be re-positioned a little to give him better rain protection. He wants Treasury/Fed to start buying...
The ever-provocative Willem Buiter has a real debate-starter of a suggestion in his column today. Create good banks, and torpedo the remaining bad banks. New lending business, indeed all new business activity would be undertaken only by the new good...
For those of you keeping score at home, the Treasury rout continues. Check the following one-year figure comparing the iShares 20+ Year TLT with the IEF/SHY....
It says something about how this year has started that junk bonds are so smartly outpacing higher quality bonds. This comes after trailing badly last year, and despite default risks remaining high....
Some slides from a useful new Fitch presentation on one of my favorite subjects: sovereign hotspots around the world. More here....
Some new surface transport trade data out from the BTS. It shows November trade between the U.S. and Canada and Mexico was down 13.8%, the biggest decline in eight years, and the second-largest in the history of NAFTA, eclipsed only...
Dimon: JPMorgan will be fine if people would just stop talking about nationalizing banks (Bloomberg) Who Says Nobody is Issuing Debt (Zero Hedge) Panic mentality eases for treasurers (Bloomberg) Whither Hyperinflation (Zero Hedge) George Soros talk his own trading...
David Smick talking U.S. financial systems, global trade, risk, entrepreneurship, from his very good book The World is Curved:...
"Try to prevent a lot of money from becoming a little money…"...
