U.S. Treasuries: A Game Of Charades
Every now and then, the markets leave you speechless. Last week was one of those weeks. There was hardly any place to hide except for Treasuries and a rather choppy …
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Book Review: Reputation And International Cooperation: Sovereign Debt Across Three Centuries
It’s all about reputation. That’s the argument Stanford professor Michael Tomz makes – and credibly supports – in this 241 page work. Released in 2007 before the financial crisis, Reputation and …
Read More Charles Schwab ‘Impact’ 2010 Review: The Most Important Conference In Managed Money
“Be Bold” was the theme of Charles Schwab ‘Impact’ 2010 financial conference. And, would you live your life any other way? As a manager with the General Electric Company (NYSE:GE) …
Read More Fixed Income Investing In 2010
My outlook for 2010: Weak recovery: High unemployment and low expected growth rate of 2.5%-3% in 2010, not enough to push the unemployment rate under 9%, will force the FED …
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Goldman Stockholders – What Chumps
What group of hedge fund investors pay their managers 50% of profits? Goldman (NYSE:GS) stockholders, that’s who. Over 50% of the profits generated at Goldman come from the employees’ use …
Read More Insured Capitalistic Failure Looms; Once Bank Bitten Twice Shy
Six former private insurers have the political privilege of getting TARPed; added to the U.S. government’s red/to-do list. Although the dollar amounts are minuscule compared to the banking sector, there’s …
Read More Risks Abound At UBS
Risks abound on UBS’s balance sheet, off the balance sheet, and across the pond. Yet, UBS trades at an astonishing premium to its peers. We are initiating a SELL rating. INVESTMENT …
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What To Do About Toxic Bank Assets
In a word: Nothing. The conventional wisdom flying around the media and Washington’s corridors of power is to find a plan to lift the assets of the banks’ balance sheets. …
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