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Donald van Deventer

 
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  • Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume [View article]
    Tough competition, Leno needs a new gig.
    Jul 16 02:43 PM | 1 Like Like |Link to Comment
  • Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume [View article]
    Larry has probably noticed and is suitably offended.
    Jul 16 02:30 PM | 2 Likes Like |Link to Comment
  • Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume [View article]
    Nice summary and "blithely mastered"!
    cheers
    dvd
    Jul 16 02:17 PM | 1 Like Like |Link to Comment
  • The Walt Disney Company Bonds: Very Low Default Risk At A 'No Brand' Price [View article]
    Good luck. I hope it works for you.
    Jul 16 12:15 PM | Likes Like |Link to Comment
  • Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume [View article]
    Thanks for the kind words, guys. I'm just a vintage nerd myself.
    Jul 16 12:14 PM | Likes Like |Link to Comment
  • The Walt Disney Company Bonds: Very Low Default Risk At A 'No Brand' Price [View article]
    You can calculate the correlation between gold and CPI yourself. It's very loose. Same with home prices--Flint Michigan home prices probably have a negative correlation with CPI. Even TIPS are subject to differences in what you need to buy and what's in the CPI calculation.
    Jul 16 02:58 AM | Likes Like |Link to Comment
  • The Walt Disney Company Bonds: Very Low Default Risk At A 'No Brand' Price [View article]
    I totally understand the risk of inflation (you must not have looked at my bio) but some people are hedged. If you know what your college tuition payments are for your kids (or if you have a long term contract for retirement living) a bond perfectly matches your cash flows if you select carefully. There are a huge percentage of investors in that position. Many others should be investing like that but don't realize it (lots of public pension funds who buy equities on behalf of individual beneficiaries who would be buying bonds if they were investing for their own account). College endowments buy equities or illiquid investments only because they ignore the cash needs that the university has to withdraw from the endowment (Harvard is a classic example, circa 2005-2009). It's also not clear which equities are a protection against inflation. It's very complicated. Thanks for your comments.
    Jul 16 02:21 AM | Likes Like |Link to Comment
  • The Walt Disney Company Bonds: Very Low Default Risk At A 'No Brand' Price [View article]
    Here's Disney's 10-q with the $4.6 billion in debt outstanding: http://bit.ly/1qekKnC
    Jul 16 01:33 AM | Likes Like |Link to Comment
  • The Walt Disney Company Bonds: Very Low Default Risk At A 'No Brand' Price [View article]
    Disney has $4.6 billion in debt outstanding and, as the article explains, investors bought (and sold) more than $25 million on July 11 and $5.8 million on July 14. Your logic argues that there should be no buyers, only sellers, and therefore no trades. That's not consistent with market facts.
    Jul 16 01:33 AM | Likes Like |Link to Comment
  • The Walt Disney Company Bonds: Very Low Default Risk At A 'No Brand' Price [View article]
    500,000 page views so far this year. If you are right, I wonder why?
    Jul 16 12:29 AM | Likes Like |Link to Comment
  • Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume [View article]
    My pleasure, happy to help. Without very complete disclosure of what MBI is insuring, any investment is a shot in the dark. Good luck.
    Jul 15 01:26 PM | 1 Like Like |Link to Comment
  • Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume [View article]
    Alamo23, I don't have a personal opinion but I have two pieces of pratical advice: please follow @cate_long on twitter, the muni contributor for Reuters. She's excellent on PR and related issues. Second, you can go onto the EMMA website of the Municipal Securities Rulemaking Board and go through the largest Puerto Rico bond issues, read the prospectus, and see who the guarator (if any) is. It wouldn't take more than an hour, I'd guess. Good luck!
    Jul 15 12:17 PM | Likes Like |Link to Comment
  • Yum Brands And Goldman Sachs Lead Best Value Bond Trades With 1-5 Year Maturities [View article]
    BP PLC is the parent company of BP Capital Markets PLC, which has no ticker because it is a wholly owned subsidiary.
    Jul 14 03:25 PM | Likes Like |Link to Comment
  • Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume [View article]
    Right you are. Best CDS to watch for PR, along with MBIA, is Assured Guaranty.
    Jul 14 12:01 PM | Likes Like |Link to Comment
  • Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume [View article]
    100% agree with you!
    Jul 14 12:01 PM | Likes Like |Link to Comment
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