“You can now buy the free float of the entire Russian energy sector with the market cap of Coca-Cola, and still have change to buy all the Russian banks,” Merrill Lynch & Co. emerging markets equity strategist Michael Hartnett said.
Reader Dennis Mangan emails asking how and where firms post collateral in the CDS market. It's a good question, and the ...
[Link]Difficilement, d'après Martin Feldstein. Il en sortira renforcé, d'après Barry Eichengreen.... [Link]
At "A Dash" we are delighted with the early response to our "truthiness" inquiry. There are several excellent suggestions for ...
[Link]This CDS report was written by Markit's Gavan Nolan We're in danger of record fatigue here in the credit markets. ... [Link]
Most creditors believe that the debtor needs to take the lead in addressing their own problems. China is, apparently, no different. ...
[Link]Super Senioritis
I’ve been perusing the finance blogs lately and I’ve noticed a recent obsession with Synthetic CDOs, specifically the super senior ...
[Link]
Harvard is planning for a 30% decline in value of its endowment. (WSJ.com also Market Movers, Marketwatch.com)
The world of ...
[Link]
Corporate bonds are trading quite heavy today. The IG 11 is 275/278 which is about 16 wider on the day.Participants cite ...
[Link]
Yesterday, I was contacted by UrbanDigs, one of my regular readers, and he asked:
UrbanDigs Says:
[Link]Seamus Milne says it’s time to fully nationalize the banks. Leaving ideology aside, it’s not obvious that this is a ... [Link]
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October 10th, 2008 at 3:12 pm
Hmm….that could presage a power shift in Moscow.
October 10th, 2008 at 3:18 pm
Loss estimate is conservative, this was taken as of oct 6th, loss is bigger by now, DJ off 1500 points since then.