Posted in Bankruptcy, Equities, Federal Reserve, Foreclosure, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Recession, U.S. on July 14, 2009 | Leave a Comment »
The banks must be restrained, and the financial system reformed, and balance restored to the economy, before there can be any sustained recovery. – Robert Reich
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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 »
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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Posted in Bankruptcy, CMBS, Currencies, ECB, Equities, Federal Reserve, Fixed Income, Foreclosure, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Rating Agencies, Real Estate, Recession, Subprime, U.S. on February 13, 2008 | 1 Comment »
February 11, 2008 (Rob Roy) – Over the past several years my firm has highlighted the risks in the sub-prime sector, the lax lending standards, and the housing bubble that peaked in 2005. The residual effects of these have been vast and continue to support our view that the unraveling of the debt issue is [...]
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Posted in Bankruptcy, CMBS, Foreclosure, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Rating Agencies, Real Estate, Recession, Subprime, U.S. on January 18, 2008 | Leave a Comment »
As we wrote in August (Washington Mutual Cut to Sell) Washington Mutual has been headed for some serious writedowns. Sure enough, it didn’t take long for this to happen, with the stock closing at $12.46 today. This is from $36 in August, and $47 when we shorted the stock in February 2007. It is time [...]
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This has got to be one of the biggest “non-surprises” of 2007: a “lack of interest from other banks in providing financial support” killed the “superfund” scheme. What BlackRock was proposing is ludicrous. Take a severely under-capitalized group of banks in the US, pool together their crap, and then try to re-market this to other under-capitalized banks / buyers [...]
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Posted in Bankruptcy, CMBS, Federal Reserve, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Rating Agencies, Real Estate, Recession, Subprime, U.S., Uncategorized on December 4, 2007 | Leave a Comment »
A credit crunch wouldn’t seem to be the best time to buy financials, but an analyst from Morningstar says there might be opportunities for investors who want to buy cheap.Sonya Morris, senior analyst at Morningstar, writes that there are ETFs focused on financials that have high-value stocks that could be poised for a turnaround.
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Posted in Bankruptcy, CMBS, Currencies, Federal Reserve, Fixed Income, Foreclosure, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Oil, Peak Energy, Private Equity/LBO, Rating Agencies, Real Estate, Recession, Subprime, U.S. on November 27, 2007 | Leave a Comment »
November 25, 2007 (Lawrence Summers) – Three months ago it was reasonable to expect that the subprime credit crisis would be a financially significant event but not one that would threaten the overall pattern of economic growth. This is still a possible outcome but no longer the preponderant probability.Even if necessary changes in policy are [...]
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Posted in Bankruptcy, CMBS, Federal Reserve, Foreclosure, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Real Estate, Recession, U.S. on November 16, 2007 | Leave a Comment »
November 16, 2007 (Bloomberg) – Goldman Sachs Group Inc., the largest U.S. securities firm by market value, said the impact of the slump in credit markets on the economy could reach $2 trillion.
Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion, Jan Hatzius, chief economist at Goldman [...]
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