mangy cat

Emerging Markets in Flux

"in November 2008, the company’s market value was only half that of its huge paper machines"
isn't that what it would be under normal circumstances for a firm in commodities (negligible goodwill) like test liner and corrugating medium, with some leverage,?

Thursday Outlook: Commodities, Global Markets

great two hand gestures in lead photos
tim pushes
ben grabs

NationCapShares: An ETF Idea for Developed, Emerging and Frontier Markets

do you patent all these pipe dreams?

ETF Industry Data Summary: 1H'08

quick onceover suggests investors are getting more savvy
in both diversification, including leveraged funds, bonds, etc
and intolerance to excessive costs (vanguard flies vs bgi, ssga, holdrs; or at fund level: e.g. vwo vs eem)

p.s. freudian slip?
"total ETF asses"?
(paragraph 2)

Are We Facing a New Wave of Sovereign Bond Defaults?

adding to dedalo
and also as a holder of indexed argies of almost all durations -well almost all from pr11 at barely 1.1 yrs duration to parp at 15 yrs, and even cuap indirectly at my afjp account-
look at the extreme convexity of the yield curve

what the market seems to say is:
pick up 14 % ytm now on most traded 2.5/5 duration segment (pre9, nf18) and break even with "official" 9/10% cpi now, to recoup with hefty gains later when indec returns to normal

otherwise instead of ytm on longer bonds dropping to 10%
"realist" default expectations would push the yield curve parabolical

where i do agree with rogoff quoted is on:
"governments do not usually cheat holders of only one type of debt"
as proven by like treatment for globals and (domestic) bontes in 2002
the paradox is the approx 10% pricing gap between otherwise identical domestic and foreign usd bonds (para/pary; dica/dicy; tvpa/tvpy)
but that may be reflecting fear of exchange rate controls (differential payback) rather than of default