A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Default Swaps in US Fall Before EU Leaders Meet to Stem CrisisBloombergA gauge of US corporate credit risk fell for the second day amid optimism European leaders will step up efforts to contain the region's sovereign-debt crisis. The Markit CDX Nor...
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CitybizlistJPMorgan Veered From Hedging Practices at Banks With Credit BetsSan Francisco ChronicleMay 22 (Bloomberg) -- JPMorgan Chase & Co.'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led t...
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BloombergJPMorgan Veered From Hedging Practices at Competing BanksBusinessWeekJPMorgan Chase & Co. (JPM) (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion lo...
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BloombergJPMorgan Veered From Hedging Practices at Competing BanksBloombergJPMorgan Chase & Co. (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion loss and bu...
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Europe Crisis Pushes Default Swaps to Biggest Rise in 8 MonthsBloombergA gauge of US corporate credit risk is set for the biggest weekly rise since September as Europe's worsening debt crisis rattles confidence. The Markit CDX North America Investm...
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Extended free summary excerpt The massive $50 billion Treasury bill paydown that the dealers and other holders received on April 16, augmented by a much more modest $3 billion paydown last week was enough to keep the markets floating upward on a sea of cash. But the tide is about to go out. Monday,...
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The Huntsman Alternative
By Simon Johnson
The eurozone financial situation continues to worsen. The latest idea from the eurogroup of finance ministers is apparently to have the European Central Bank make a massive loan to the International Monetary...
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American Airlines’ parent company, AMR Corporation, filed for Chapter 11 bankruptcy protection on Tuesday, surprising exactly no one. A major corporate bankruptcy is normally a bit of a shock, but there’s nothing shocking about bankruptcy in the...
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If you're trying to maximize return and minimize risk, you can't beat a high-yield stock that is a better credit risk than U.S. Treasuries.
It sounds crazy but it's true. The rate of insuring against the default of the debt of 70 large U.S. companies is lower than...
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He is still a believer in his creation, despite being sucked down in the subprime vortex riding Novastar. caveat emptor.
As Promised
. . . the description I hit upon (ca 1985) to describe what I was doing was “financial engineering.” As far as ...
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Right, with that little bit of steam blown away, let us look away from morons on beaches to morons in markets and especially at the archaic world of asset-backed securities (ABS); that financial juggernaut which constitutes the largest category of debt...
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In keeping with my primary theme of following developments on the sovereign credit risk and endless backstop front, we go straight to the PIIGS (Portugal, Ireland, Italy, Greece, and Spain). The EU sent out another disclaimer to PIGGS member Greece, warning that no fiscal bailout will be forthcoming. Elsewhere the Dubai bagunca (mess) appears...
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In keeping with my primary theme of following developments on the sovereign credit risk and endless backstop front, we go straight to the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) front. The EU sent out another disclaimer to PIGGS member Greece, warning that no fiscal bailout will be forthcoming. Elsewhere the Dubai bagunca (mess)...
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Trans-Union the consumer reporting agency has a Credit Risk Index out for the first quarter of this year that clocked in at 127.3 compared to the 1998 start-point of 100. The index is based on the average weighted probability of 90-day delinquencies on mortgages, auto loans and credit cards.
TransUnionâs global chief...
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