the_pig_man

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    • Mon Sep 22nd 08:39 AM | Rating: 0 0
      Commented on:
      Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund
      >There are other CEF holding EM debt in local currencies (eg AWF), so EDD is not the only choice<

      Utter nonsense...AWF is 86% US dollar denominated
      View article »
    • Sat Sep 20th 13:26 PM | Rating: 0 0
      Commented on:
      Forget About a V-Shaped Recovery. Maybe a W. Or L. And What About $?
      The dollar bulls are pretty amusing to still be disparaging other currencies. The world is flat and getting flatter,and the US has finally pretty much managed to bring itself down to the level of everyone else out there what with its gigantic bailout costs that will ultimately show up (or not show up) on the US balance sheet. Look forward to a game of "let's pretend" the bailout costs are off book even as Mr. Bernanke runs new fresh new batches of Treasuries on his printing press. The Chinese will now slowly but surely diversify their dollar reserves into other currencies and demand higher rates of return on US
      paper due to its riskier balance sheet. Can you blame them? An era has ended. What hath Wall Street wrought?
      View article »
    • Sat Sep 13th 09:00 AM | Rating: 0 0
      Commented on:
      Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund
      Gladys....it's so low now, I think you'll kick yourself if
      you sell it here. I'd wait for a bounce to $15 or so,
      then sell it for the tax loss, and repurchase it 30 days
      later and keep it for the long haul. At $13.35, it's
      an almost unbelievable bargain. If it was a standard
      open end mutual fund it would easily worth the $16.63
      you'd have to pay for it today considering the long
      term prospects and the distribution yield.
      View article »
    • Tue Sep 9th 12:34 PM | Rating: 0 0
      Commented on:
      Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund
      Based on the comment above, I rest my case.
      View article »
    • Tue Sep 9th 09:55 AM | Rating: 0 0
      Commented on:
      Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund
      One way to look at this is that this fund is the ONLY
      way to buy emerging market debt denominated in local currency at a large discount to NAV. Certainly one cannot do this in Pimco's or Fidelity's open-end offerings. That being said, the discount is so large,
      it is clear retail investors haven't the foggiest of idea
      what role emerging market debt should play in their
      portfolios management.
      View article »
    • Sun Sep 7th 08:10 AM | Rating: 0 0
      Commented on:
      Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?
      >I am very interested in how people think the markets will react to this when they open in Asia, Europe and the US on Monday. Anyone else want to take a shot at this<


      Dollar down. Spreads vs. Treasuries narrow on every type of debt class for a while. Financials rally (to be
      sold) Might be a watershed event for the credit
      markets but not equities. Be eternally grateful if it is just the former.
      View article »
    • Sat Sep 6th 17:46 PM | Rating: 0 0
      Commented on:
      Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?
      >Fan-Fred shareholders are just an instrument for the govt. to keep the GSE's debt off the federal budget. Therefore unless the govt. wants to explicitly or implicitly assume all govt. debt. it has to maintain the shareholders.<


      hmmm....not a bad point. Keep the shareholders
      just barely alive enough to maintain the fiction that the debt is theirs alone. It could happen.
      View article »
    • Sat Sep 6th 14:52 PM | Rating: 0 0
      Commented on:
      Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?
      >You are a self-serving attention mongering twit. Wiping out the common stock would do more damage to the world then you could imagine<

      When Paulson said 15 times in July his
      first priority was to "protect the taxpayer", a light
      bulb should have gone off in your head. Trust
      me... Joe Six Pack is going to be so angry about
      the debt losses he will be paying for, he's not going to
      be very sympathetic to the shareholder losses.
      View article »
    • Sat Sep 6th 12:44 PM | Rating: 0 0
      Commented on:
      Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?
      SWRichmond essentially has it right. They are going
      to dribble the losses into the US budget deficit
      quarterly. Sort of a drip, drip, drip, where the
      dollar is concerned as far as the eye can see.
      We've really done it this time. If we aren't looking
      at a 6-8% deficit to GDP sometime during Obama's or
      McCain's tenure, I'll be happy to eat my hat.
      Bush did a helluva job.
      View article »
    • Sat Sep 6th 12:28 PM | Rating: 0 0
      Commented on:
      Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?
      Gabe Borenstein is dreaming. Fannie Freddie losses
      over the next 3 years will easily run to $200-300B.
      Mercifully, the shares can only go to 0.
      View article »
    • Wed Jan 16th 09:25 AM | Rating: 0 0
      Commented on:
      U.S. Markets in Early Recession Mode; Japan Already Discounting One
      Looks like Japan small companies have effectively
      crashed and sell mostly for below book value. Since
      they are not dependent on exports, are they buys?
      View article »
    • Sun Oct 7th 18:02 PM | Rating: 0 0
      Commented on:
      The Jobs Report: 'Never Mind'
      Guess what? Teachers have nothing to do with
      the real economy and they were responsible
      for most of the August revisions and a large part of
      September's. Most Wall Street economists throw
      out government jobs and only count private
      employment. It is a real hoot that everyone is
      falling all over themselves praising this report. But that'show dumbed-down Americans have become.
      Too stupid too look at the details.
      View article »
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