Commentaries

Counterparties

October 7, 2009

Well, it turns out there is a secret plot against the dollar — except that it is being hatched in Washington, not in the Persian Gulf or elsewhere. And it could be a very good thing for the U.S. economy and Obama. — Simon Johnson.

from Rolfe Winkler:

Lunchtime Links 10-6

October 6, 2009

The demise of the dollar (Independent, ht Marco) This article may be the reason gold is up big today. It claims "Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading." Perhaps.

Counterparties

October 6, 2009

Australia is the first G20 nation to raise interest rates. — Reuters

And you shall know us by our velocity:The Nasdaq stock market is the world leader in share turnover. — Alea.

from Rolfe Winkler:

Lunchtime Links 10-5

October 5, 2009

Buyout firms profited as a company's debt soared (NYT) Good piece. Shows how private equity/leveraged buyouts can end up as nothing more than looting operations. To be sure, someone has to be stupid enough to buy bonds that fund special dividends for private equity owners. They end up losing, as they should. But so does the company in question.

Counterparties

October 5, 2009

Bank of America to pick an “emergency” CEO this week. — Wall Street Journal.

from Rolfe Winkler:

Lunchtime Links 10-2

October 2, 2009

Schadenfreude Alert--Sandy Weill falls off Forbes 400 list (DealBook) He's still doing ok.

Counterparties

October 2, 2009

Simply raising bank capital requirements is not enough. “Better alternatives are to have more uniformitiy in capital requirements across leveraged financial institutions, to require more ‘contigent capital,’ as well as preservation when regulators see a crisis coming.” — Raghuram Rajan

from Rolfe Winkler:

Lunchtime Links 10-1

October 1, 2009

Comcast denies it has a deal to buy NBC Universal (Reuters) That doesn't mean they aren't working on a deal. Comcast has wanted to own content for some time. The distribution model on its own isn't as powerful. Recall their failed attempt to buy Disney.

Counterparties

September 30, 2009

The financial crisis is far from over. The International Monetary Fund estimates that banks, primarily European ones, will need to write down as much as $1.5 trillion in additional bad debt by the end of next year. — Clusterstock.

from Rolfe Winkler:

Lunchtime Links 9-26

September 26, 2009

Chicago cabbies want $50 puke fee (Sun-Times) Can you blame 'em?

Schadenfreude alert: Ponzi-schemer Stanford gets in fight at Texas jail (Bloomberg)