June 13, 2012
"The CIO is the biggest buyer of European structured product and any pull-back from the market, caused either by a new strategy or by a series of sales to offset the losses, might prove disastrous for European securitisation."

RMBS market frets at JPM losses | Top News | IFRe

June 11, 2012
How to Leave the Euro: A Guide (Part I) - CNBC

Well, it’s finally come to this.

June 8, 2012
Top credit manager at Citadel hedge firm dismissed | Reuters

This seems like a prelude to something. Not sure what, though.

June 8, 2012
What kind of Muppet are you, chaos or order?

We’re pretty sure this is also about Goldman Sachs.

June 8, 2012
"Oh my God. Are you going to write about investment bankers complaining about not having enough fun while they are sunning themselves in the Hamptons?” she asked. “That’s going to do our image a load of good."

Summertime Blues on Wall Street - CNBC

June 1, 2012
Greek Elections May Bring Trading Opportunity of a Lifetime

Over on the main page, I explain how the absence of Greek polling data over the next two weeks leading up to the election creates a huge opportunity to arbitrage informational asymmetry. 

June 1, 2012
Blodget on Compression

I thought Henry Blodget’s argument about Facebook’s probable multiple compression sounded very familiar.  So I did a little hunting around and discovered the particular bell being run: a 2006 article by Blodget on Google’s multiple compression.

May 25, 2012
"Thinking about government deficits this way opens a whole new understanding of what cutting deficits means for the economy. What it should mean to you is that deficits are the effect and not the cause. Budget deficits are the result of the ex-post accounting identity between the sectoral balances and should not be a primary goal of public policy"

Why can’t people understand national accounting? | Credit Writedowns

May 25, 2012
(via Fight At The Chicago Mercantile Exchange - Business Insider)

(via Fight At The Chicago Mercantile Exchange - Business Insider)

May 25, 2012
"The first rule of ELA is you don’t talk about ELA."

Frozen Europe Means ECB Must Resort to ELA for Banks - Bloomberg