“Money market or Libor illiquidity is not a function of banks distrusting one another, as is so often reported. Rather it is a function of external investors not trusting the banks,” says Tim Bond, head of global assert allocation at Barclays Capital.
It’s a cliché that people adapt. This new paper shed interesting light upon this. It finds that people do indeed fully adapt to both marriage and the birth of a child. They get happier as these events draw nearer, but...
A noted manager of financial sector funds finds little to like out there. (WSJ.com) Goldman Sachs (GS) raises $10 billion to invest in loans backing LBOs. (FT Alphaville also Deal Journal) The Mexican Peso is at a ...
freeze a Yankee.” That’s what bumper stickers said in the 1970s. But now, the upper hand is on the other foot. No Tags
Just in time to avoid the aftermath of the dreadful Merrill results, I'm off on holiday. (Although it's worth noting that the shares "sinking" 9% in after-hours trade only brings them back to where they closed yesterday.) There won't be ...
Ainsi donc la loi sur les nouveaux devoirs des chômeurs a été adoptée. Désormais, les allocations chômage seront dégressives en cas de refus de deux offres "raisonnables". Mais à quoi cela peut-il bien servir?
This CDS report was written by Markit's Gavan Nolan Investment grade European credit was resilient today in the face of declining stock markets. The strong performance in financials continued, with yet another bank providing a positive surprise. Credit Suisse posted ...
Unfortunately, there will be a brief delay in service while I dry off my undergarments and descend into the plateaued euphoria of the newly minted Icahn Report.
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