Tue 2009-06-16 00:00 EDT
Mish's Global Economic Trend Analysis: Corporate Bond Default Rate Highest Since Great Depression
Corporate Bond Default Rate Highest; Great Depression; Mish's Global Economic Trend Analysis.
bonds Topic in The Credit Debacle Catalog
Tue 2009-06-16 00:00 EDT
Jesse's Café Américain: This Is Your Economy on Credit Crack - and Heading for a Crack-Up
Jesse's Café Américain: This Is Your Economy on Credit Crack - and Heading for a Crack-Up; ``we may have already passed the point at which the Fed and Treasury will have no choice but to substantially devalue the bonds and reissue a 'new US dollar' as part of a managed default on our sovereign debt''
Wed 2009-06-10 00:00 EDT
Terms of Service
Russia, Brazil to Buy $20 Billion IMF Bonds, Diversify Reserves - Bloomberg.com; dollar losing reserve status
Tue 2009-04-21 00:00 EDT
naked capitalism: Guest Post: Moral Hazard Now Biting GM
``GM bondholders are probably wondering why they need to take a haircut on their bonds when the counterparties of Bear Sterns, Lehman, and AIG are being made whole at par after investing in far riskier securities''
The IRA Analyst Tue 2009-04-21 00:00 EDT
The Institutional Risk Analyst: Stress Test Zombies: Not Too Big To Fail? Tough Tootsies Little Banks!
2009-03-13; ``The Bernanke/Geithner approach to not dealing with the financial crisis amounts to a hideous public subsidy of the global transactional class, a transfer of wealth from American taxpayers to the institutional investors who hold the bonds and derivative obligations tied to the zombie banks, AIG and the GSEs. All of these companies will require continuing cash subsidies if they are not resolved in bankruptcy.''
bank; big; fail; Institutional Risk Analyst; IRA Analyst; Stress Test Zombies; Tough Tootsies.
Satyajit Das's Blog - Fear & Loathing in Financial Products Tue 2009-04-21 00:00 EDT
Satyajit Das's Blog - Fear & Loathing in Financial Products: Credit Default Swaps -- Exercises in Surrealism
Satyajit Das's Blog - Fear & Loathing in Financial Products: Credit Default Swaps - Exercises in Surrealism; CDS payouts are placing a material pressure on the price of underlying bonds and loans exacerbating broader credit problems ``The CDS market is also complicating restructuring of distressed loans as all lenders do not have the same interest in ensuring the survival of the firm. A lender with purchased protection may seek to use the restructuring to trigger its CDS contracts''
Credit Default Swap; exercised; fears; financial products; loath; Satyajit Das's Blog; surreal.
Wed 2009-04-01 00:00 EDT
Mish's Global Economic Trend Analysis: Who Bears the Burden for a $3 Trillion Mistake?
``government is avoiding an outright nationalization of Citigroup hoping to avoid pressure by foreign governments for the US to make good on a full repayment of bank bonds''
3 Trillion Mistake; Bear; burden; Mish's Global Economic Trend Analysis.
Thu 2009-01-15 00:00 EST
Calculated Risk: Real Estate and Tax Advantages
``Yes, there is a mortgage interest deduction, and a capital gains exclusion for a primary residence - but there is also a property tax for real estate. This is a tax disadvantage compared to stocks and bonds.''
Sun 2008-11-23 00:00 EST
The great bond market crash of 2009
by Martin Hutchinson; ``why Treasury bond yields and the yield curve in general are likely to rise sharply in 2009''
Fri 2008-11-07 00:00 EST
Jesse's Café Américain: Credit Card Bond Sales Zero As the Credit Markets and Consumption Engines Stalls
Jesse's Café Américain: Credit Card Bond Sales Zero As the Credit Markets and Consumption Engines Stalls
Consumption Engines Stalls; Credit Card Bond Sales Zero; credit markets; Jesse's Café Américain.
Mon 2008-09-08 00:00 EDT
The Institutional Risk Analyst: Paulson Begins Gradual Wind-Down of GSEs within Conservatorship
Paulson Begins Gradual Wind-Down of GSEs within Conservatorship, by Institutional Risk Analytics; ``Now that the Treasury at least partly has followed our recommendation and taken the GSEs off the table as a concern for the bond investors who hold trillions of dollars worth of GSE debt, the markets and the respective presidential candidates can focus on the next, more pressing challenge, namely helping to refloat the US banking system''
conservatorship; GSEs; Institutional Risk Analyst; Paulson Begins Gradual Wind.
Sun 2008-08-24 00:00 EDT
Safe Haven | The Elusive Bottom
Safehaven | The Elusive Bottom, by Merrill-Lynch economist David A. Rosenberg; predicting lengthy recession, secular bear market dating from 2000, eventual bullish indicators include savings rate above 8%, housing supply below 8 months, household interest coverage below 10.5%; frugality is in; bullish on bonds
Mon 2008-08-04 00:00 EDT
London Banker: What's up with the covered bond push?
"Whenever Henry Paulson at Treasury, Ben Bernanke at the Fed and Shiela Bair at FDIC agree on anything, American taxpayers should check for their wallets...When the troubled bank nonetheless fails, our golden circle creditors get the good collateral in an expedited release from FDIC under its new policy statement. The FDIC is left with all the toxic waste assets and liability for depositor insurance claims, with no prospect of recovery"