Four topics continue to dominate the market action. In my opinion, the market is destined to remain range bound or under pressure until we get some clarity on the these [ … ]
HOW BAD IS THE PFE/WYE DEAL?
Pfizer CEO Jeff Kindler must have a case of the Ken Lewis’s because he just made a terrible acquisition. Pfizer has become nothing more than a big boring Pharmaceutical firm [ … ]
EXCESS WAGE VS EXCESS DEBT
Paul Kedrosky has an interesting post titled “Bankers’ Pay as Sign of the Apocalypse”. It looked eerily similar to the chart on U.S. debt as a % of GDP so [ … ]
GE IS NOT AAA
GE’s AAA rating has been called into question lately. And for good reason. “We run the company to have a Triple-A credit rating, and we have significantly strengthened our liquidity [ … ]
WHAT’S WRONG WITH A SWEDISH MODEL?
It seems the U.S. government had a pretty good blueprint for the ensuing credit crisis and decided not to implement it. Who ever went wrong with Swedish models? In the [ … ]
CREDIT INDICATORS IMPROVING
By just about any metric, we’ve seen a drastic improvement in the credit crisis indicators. The corporate bond market has found a bid in recent weeks, the TED spread is [ … ]
MAULDIN ON 2009
As I have said here before, Mauldin is one of the best. If you don’t read his stuff you should. You’ll find an excerpt below and the link to the [ … ]
WILL THE FED’S INTERVENTION WORK?
The Fed has implemented an alphabet soup of market interventions (TALF, TARP, CPFF, TAF, etc) in the last few months. Many of these programs are exploratory and the results are [ … ]
IS THE BAD NEWS “PRICED IN”?
If you watch CNBC, Bloomberg or Fox Business and read any of the hundreds of financial publications printed every day you’ve likely heard an onslaught of investors who say “the [ … ]