Posted in Bankruptcy, CDS, CMBS, Federal Reserve, Foreclosure, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Rating Agencies, Recession, Subprime, U.S. on April 6, 2009 | Leave a Comment »
In a quarterly filing today, Merrill Lynch & Co. dislosed that Level III assets had jumped to nearly $70 billion, an increase of 70% over the same quarter of 2007. The firm also stated that more than $16 billion of this exposure is related to subprime. Definitely a sign of things to come though relative [...]
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Posted in Bankruptcy, CDS, CMBS, Energy, Equities, Federal Reserve, Fixed Income, Foreclosure, Gold, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Natural Gas, Oil, Rating Agencies, Real Estate, Recession, Silver, Subprime, U.K., U.S. on March 14, 2008 | 1 Comment »
In January of 2007, we made macro predictions about how to allocate assets for the coming 5 years in “Our Investment Calls for 2012.” Overall, our recommendations were pretty spot on as you can see from the table below.
One glaring area though where we were totally off is with interest rates. Boy, were [...]
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Posted in Bankruptcy, CDS, CMBS, Equities, Fixed Income, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Rating Agencies, Recession, U.S. on February 18, 2008 | Leave a Comment »
Click on graphic for larger view.
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