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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China continues tightening its property markets. Mostly likely property prices in China have already rolled over and are heading lower. Shanghai’s property stock index topped out in August, and has already dropped 33%.
Now looks like nothing has come out of Dubai on their restructuring talks, except shines. The CDS market is again starting to...
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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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The attention deficit disorder (ADD) market has quickly moved its attention away from Dubai, and on to Japan’s QE news, which is interpreted as a way to trade risk once again. Although Dubai is hardly going away, it may be time to consider where the next credit Train-Wreck will occur. The New York Times...
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As the internet is full of comments on the default of Dubai World corporation and the S&P futures are down by 22 points, I assume that you all already know what happened, so I’ll jump directly to the conclusions. Calling this post “The ...
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