Some of the recent speculation about where rates are going seems to have gotten at least a bit overdone.» Read More
The junk bond derivative party is kicking back into high gear.
A report in today's Financial Times notes the uptick, and points out:
Investors in municipal-bonds should be very worried when the Wall Street Journal is running the headline “A Deep Freeze Hits The Muni Market.”
The facts are grim. Muni-bond issuance is on pace for its lowest quarter in at least 11 years.
Pimco has dumped all of its US Treasury bond exposure in its flagship Total Return Fund.
The Obama Administration’s $20 billion proposal to try to force banks to modify mortgages looks an awful lot like an attempt to revive the $20 billion bank tax that was rejected during the negotiations over Dodd-Frank.
Advocates of creating a no-fly zone over Libya continue to push the line that it can be done antiseptically, almost peacefully.
Douglas Barrie, an aerospace analyst at the International Institute for Strategic Studies, denied Defense Secretary Robert Gates argument that the first step in creating a no-fly zone would be bombing Libya’s air defense installations.
Little Market Confidence in Europe's 'Joke' Stress Tests [CNBC.com via Financial Times]
Wow! Bill Gates is no longer the richest man in the world [Forbes]
Attention fellow "old sports" the 'Great Gatsby' mansion to be razed [NYDailyNews]
Sallie Krawcheck, head of Bank of America's wealth management division, has a reputation on Wall Street for being smart, charming, and impeccably honest.
But her job—squaring the circle between Merrill Lynch's brokerage culture and BofA's banking culture—presents what business strategy types call a non-trivial challenge.
\('Non-trivial challenge' is management speak for a job in which you are at least as likely to fail as to succeed.\)
The tinderbox known as the Middle East has been the source of fuel for the price of crude. You can easily track the direct relationship between fear and the geopolitical events on its chart. Just when you think there is a pull back something ignites and the run up begins yet again.
With the roller coaster ride still going, I decided to catch back up with Kevin Book, Managing Director of Research at ClearView Energy Partners, on the current oil situation and what advice he is offering his clients.
Establishing a no-fly zone over Libya is likely to be far messier and less effective than advocates like Senators John McCain and John Kerry are forecasting.
Stratfor’s George Friedman has the best analysis so far of the perils of a “no-fly” policy. Let me run through his important points .
Despite its myriad troubles and doubters on Wall Street, Bank of America has a friend in Dick Bove.
Royal Bank of Scotland reported a modest increase in second quarter profit after booking a £1.05 billion charge for the costs of restructuring.
What's the harm in waiting six months to raise rates? asks "Fast Money" trader Brian Kelly.