IYF Forum Topics
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- Financials Have Bottomed? Readers Say We're Nuts [view article]
- Financials: How - And When - We Reached the Bottom [view article]
- Financials Future Still Uncertain [view article]
- The Calm Before the Next Bank Storm [view article]
- Scarlett O'Hara, Doris Day and Financial Market Tumult [view article]
- Apple: Dead Last In Exploited Horse Race? [view article]
- Speed with Which Financials Have Fallen Is Disconcerting [view article]
- Writedowns and Capital Raised by Financial Firms [view article]
- Speculation, Swaps and the Price of Oil [view article]
- Time to Exempt Mortgage Securities from Mark-to-Market Rules [view article]
- Financials Down 6.1% - Like the Days of the Tech Bust? [view article]
- NAR's Lawrence Yun Continues to Mislead on Housing [view article]
loading ...Recent IYF Articles
- Mortgage Market Problems Creating Higher Extension Risk
- Financials Have Bottomed? Readers Say We're Nuts
- Financials Future Still Uncertain
- Financials: How - And When - We Reached the Bottom
- The Calm Before the Next Bank Storm
- Scarlett O'Hara, Doris Day and Financial Market Tumult
- Financial Recovery? Time to Wait and See
- Citigroup Posts Large Loss, but Outlook for Financials Improving
- Apple: Dead Last In Exploited Horse Race?
- All Is Well , Madame la Marquise
- Full List of Articles »
How Models Caused the Credit Crisis [view article]
Interesting article, but very biased. Perhaps the weak link in this scenario could be shared by the originator/broker. Replyspeculator
How Models Caused the Credit Crisis [view article]
I think that Münchau has a point but in my view the global derivatives caused a large portion of the problems. Nobody understands how they will act long-term. ReplyHow Models Caused the Credit Crisis [view article]
and if you look fat and not sexy in victoria's secret underwear immediately blame marissa miller & gisele bundchen! ReplyPursley
Speculation, Swaps and the Price of Oil [view article]
Congress blaming speculators for high oil prices is some sort of sick Kafkaesque joke on the American people. Congress and Congress alone is to blame for high oil prices. ReplySpeculation, Swaps and the Price of Oil [view article]
fxtrader07: I hate to tell you, but the Federal Reserve Bank is a private corporation and JP Morgan is its largest shareholder. Whose interest do you think Ben has at heart?And to Mr. Kedrosky, the author of this fine piece, go look at the volumes. There has been scant volume in the forward months for the last year. The specs who are holding oil for ransom aren't interested in long-dated contracts. They are rolling from the front month to the next the week before the contracts expire. And your comment on hoarding is spot on. But that all may soon end. Reply
Speculation, Swaps and the Price of Oil [view article]
Well, now I'm confused. The Wall Street Journal says that the producers aren't hedging their positions, while just a few days ago the Financial Times reported that the oil companies were buying put options, with "strong interest" in such options for six months to two years out.Am I confusing two different activities here, or are the reporters for one of these papers completely full of it? Are they looking at different data (London vs. New York)? Is there some other "oil producing" group besides the oil companies that the WSJ regards as more valid in the futures market? And what about those puts ... is the FT placing too much emphasis on them, or is the WSJ discounting them in favor of some more esoteric hedging strategy that I'm just too unsophisticated to understand?
I know most of these questions sound more like snark that actual inquiries; but I really want to know ... is there some critical factor that I'm just not getting, or has somebody been fed a line? Reply
Speculation, Swaps and the Price of Oil [view article]
good article, thanks.here you see the fed's additional borrowing facility which were actually meant to help troubled banks and brokers and to prevent a systemic melt-down are flowing probably directly into oil swaps thorugh the likes of goldman sucks and others. want to curb these excesses? closely regulate and control goldman and jpm. In fact, it is my strong conviction that the society and the u.s. economy will be way better off without goldman and jpm chase which are using every loophole and possibility to extract profits on the back of main street Reply
U.S. Bank Dividend Yields Revisited [view article]
I think finanical sector is still not out of woods even after 340 billion dollar worth of writeoffs and around a trillion dollar wipped out of the market capitalization of this sector. There are number of reasons for that1) Securtization cycle is completely broken off, most of the big investment bank/brokers earned a third of the earnings from this. And i don't see this returning back anytime soon.
2) Regional banks still have to recognize all the losses on the loans that are still on their balance sheets and not yet securitized.
3) All the recently raised capital(convertibles/p... Debt) will have a highly dilutive impact on the number of shares outstanding 3-5 years down the road.
4)Banks/Brokerage houses has yet to recognize the losses/reduced earnings due to general economic slowdown
So any recovery before 2010 is highly unlikely for financial sector.
i look forward to the Comments/suggestions from fellow alpha seekers. Reply
CreditSights: Guardedly Optimistic About U.S. Loan Market [view article]
Yields were so compressed in pre-panic times that most loans have been yielding negative returns for quite some time. Today's spreads merely reflect adjusted risk premiums and there is no added premium for inflation. Whoever has bought loans pre-2008 will be deep out of money if they hold to maturity. ReplyCreditSights: Guardedly Optimistic About U.S. Loan Market [view article]
The housing industries is suffering from negative press and bank's high interest rates. Further, the banks are playing games with selling a dwelling short but not honoring the asking price; they postpone closing and letting the contract run out and the potential buyer, who had placed a bit in at asking price is forced to go look other places. I have seen it happening. Replyspeculator
CreditSights: Guardedly Optimistic About U.S. Loan Market [view article]
I think you are way to early. Spreads are widening again. Wages are rising to take on more debt. I think the credit crisis has another year to play out. That is why I'm short. Replyragmatist
CreditSights: Guardedly Optimistic About U.S. Loan Market [view article]
Until the egregious greed of bankers and lending institutions is restrained, the housing market will continue to fall, credit card defaults will continue to soar, and the economy will continue to stagnate.The current practice of gouging the consumer with 6%+ mortgage rates on 30 year mortgages and 12% and much higher interest on credit cards will drive the credit worthy from the market place. Bankers and finance companies will continue to be saddled with bad and non-performing loans as those who can service mortgages and credit card debt will sit on the sidelines.
The banking industry will never learn that gouging coupled with easy credit is a path to disaster. But then, bankers have never been known for their intelligence nor have they ever learned to control their greed.
Optimistic predictions are no substitute for common sense and reputable business practices. Reply
CreditSights: Guardedly Optimistic About U.S. Loan Market [view article]
I am very happy about the articles of seeking Alpha.Michel Clerin
+32+497+465223 Reply
Wall Street Says 'Oops' [view article]
I think it is time to start buying growth stocks, slow and steady, and not all at once, do not worry if things go down more. We are already buying 3000 points below the all time high on Dow. I will be horrified if Dow goes below 10000. I am hoping to do the buying between 10K and 11K. ReplyWall Street Says 'Oops' [view article]
Great article. Yes, whoever listens to "gurus" like Cramer will burn like charcoal. One time I set up for fun virtual funds for stocks he advised to buy -- I was shocked how bad he is. He is scoundrel. I learned to stay away from any stocks this guy recommends. He always advised to buy stocks that are on top when traders are selling. He is the only one who reaps the benefits from advising to fools. But with all of these "analysts"--... you say something with confidence, you are right! I thought with banks we will see more gentle writedowns. Those CEOs have no idea what's going on. Boost for banks will come from overall economy improvement. THat can happen when oil price will adjust to reasonable level and companies will start hiring again. We are still in a dark tunnel. Terrorist supporting counties of OPEC must enjoy bringing America and the world down. They already bought stakes in at least one bank. Next thing they will own half of our banks. I wish America would fight for herself. We should not accept cash from just anybody. Reply