Barron's Bob O'Brien sounds a look-out-below warning for agricultural commodities, noting price jumps of about 20% in corn and soybeans, even as farm production has been stellar, with near-record harvests. Investors can play a downturn by shorting ETFs PowerShares DB Agriculture Fund (DBA) or Market Vectors Agribusiness (MOO). [View news story]
puts maybe but they wont give you shorts...I've tried
Ambac (ABK) now up 40% as it reports its bond insurance unit nearly tripled its regulatory capital surplus to $856M, holding off delinquency proceedings - for now. "It doesn’t change the endgame for the company, but it pushes it further out into the future," says CreditSights' Rob Haines. [View news story]
Never changes: float the bankrupcy story to buy the collapse then announce good news. SNAFU. Where's the SEC on this one?
Just in time for the holidays, the Fed clamps down on gift cards, proposing a prohibition on excessive dormancy/inactivity fees, and pushing expiration dates to five years. [View news story]
AIG (AIG) may borrow additional money from its five-year Fed credit line in order to make $5.8B in payments on a commercial paper program expiring in January. The insurer owes more than half of the $10B still outstanding in the Fed facility, while other companies that took part have found private-sector alternatives or scaled back short-term borrowing. [View news story]
God dXXit, why are we making these people whole and even on interest payments...this is f'd up for sure
Contrary to opinion, the stock market will embrace a tightening monetary policy, says Jeffries & Co. chief strategist Art Hogan. Rather than seeing higher corporate borrowing costs, he says, investors will know the moves are coming because of positive economic signals: "The Fed has a pretty good picture of the economy, and can usually see around the corner." [View news story]
That is the funniest thing I've read all day: "The Fed has a pretty good picture of the economy, and can usually see around the corner."
The Fed may enter into reverse repos - normally the domain of the 18 primary dealers - with the $2.5T money-market mutual fund business as part of its plan to drain liquidity from the financial system. The Fed would pledge mortgage-backed securities and Treasurys it bought as collateral for short-term loans from money market funds. [View news story]
MBS? Omg! If that's backing MM then everyones out of the pool to 90 day T's. The end of the MM biz IMO
Spain's BBVA, its second-largest bank by market value, has reportedly been chosen to take over the $16B in assets of Austin, Texas-based Guaranty Financial Group (GFG). Last month, the Office of Thrift Supervision took over Guaranty's board functions and directed the bank to turn itself over to the FDIC, indicating its transactions were likely to wipe out shareholder value. GFG -10.3% AH. [View news story]
When will the tribunals start for the sec ots fed treasy to have committed treason against the american people. treasy should go under home land security, at least they can recognize a financial treorist.
Dick Bove on Citigroup (C), up 8.7% today: "People are buying it now in expectation of the triple [that shares will be worth three times as much in three years] because they made the decision that all of the negatives that could happen don't mean anything." [View news story]
U.S. bank deposits swell by $500B to a record $7.5T, a sign customers feel the system is working. But large institutions say they're frustrated by a recent trend that sees big customers spreading themselves across multiple banks, in part to sidestep the $250K limit on government insurance. [View news story]
Banks can go f'k themselves, I moved to credit unions last year.
I urge all to do the same. Banks are leaches sucking off stupid people and the Gov't (same thing? lol)
Home run. “That was a decision made in a different time," Citigroup (C) CFO Gary Crittendon says of Citi's 20-year, $400M naming rights deal for the New York Mets' new ball park. "We have binding legal agreements… I don’t think it’s an issue." [View news story]
Seeking Alpha is looking to hire three talented bloggers that specialize in:
1) Tech stocks and investing.
2) Global markets and economics.
3) Consumer-related stocks and investment themes. [View news story]
I have slowed posts FYI due to low readership
Barron's Bob O'Brien sounds a look-out-below warning for agricultural commodities, noting price jumps of about 20% in corn and soybeans, even as farm production has been stellar, with near-record harvests. Investors can play a downturn by shorting ETFs PowerShares DB Agriculture Fund (DBA) or Market Vectors Agribusiness (MOO). [View news story]
Ambac (ABK) now up 40% as it reports its bond insurance unit nearly tripled its regulatory capital surplus to $856M, holding off delinquency proceedings - for now. "It doesn’t change the endgame for the company, but it pushes it further out into the future," says CreditSights' Rob Haines. [View news story]
Just in time for the holidays, the Fed clamps down on gift cards, proposing a prohibition on excessive dormancy/inactivity fees, and pushing expiration dates to five years. [View news story]
Long over due though
AIG (AIG) may borrow additional money from its five-year Fed credit line in order to make $5.8B in payments on a commercial paper program expiring in January. The insurer owes more than half of the $10B still outstanding in the Fed facility, while other companies that took part have found private-sector alternatives or scaled back short-term borrowing. [View news story]
Zero Hedge looks at the volume and thinks, another bear trap. [View news story]
Contrary to opinion, the stock market will embrace a tightening monetary policy, says Jeffries & Co. chief strategist Art Hogan. Rather than seeing higher corporate borrowing costs, he says, investors will know the moves are coming because of positive economic signals: "The Fed has a pretty good picture of the economy, and can usually see around the corner." [View news story]
How can you not laugh at these bozzo's
The Fed may enter into reverse repos - normally the domain of the 18 primary dealers - with the $2.5T money-market mutual fund business as part of its plan to drain liquidity from the financial system. The Fed would pledge mortgage-backed securities and Treasurys it bought as collateral for short-term loans from money market funds. [View news story]
Investors stepped up withdrawals from money-market funds this week ahead of today's expiry of a federal guarantee to safeguard their money. Investors withdrew $55B on Tuesday and Wednesday, far more than usual, according to fund-watcher Crane Data. [View news story]
Spain's BBVA, its second-largest bank by market value, has reportedly been chosen to take over the $16B in assets of Austin, Texas-based Guaranty Financial Group (GFG). Last month, the Office of Thrift Supervision took over Guaranty's board functions and directed the bank to turn itself over to the FDIC, indicating its transactions were likely to wipe out shareholder value. GFG -10.3% AH. [View news story]
Dick Bove on Citigroup (C), up 8.7% today: "People are buying it now in expectation of the triple [that shares will be worth three times as much in three years] because they made the decision that all of the negatives that could happen don't mean anything." [View news story]
U.S. bank deposits swell by $500B to a record $7.5T, a sign customers feel the system is working. But large institutions say they're frustrated by a recent trend that sees big customers spreading themselves across multiple banks, in part to sidestep the $250K limit on government insurance. [View news story]
I urge all to do the same. Banks are leaches sucking off stupid people and the Gov't (same thing? lol)
Home run. “That was a decision made in a different time," Citigroup (C) CFO Gary Crittendon says of Citi's 20-year, $400M naming rights deal for the New York Mets' new ball park. "We have binding legal agreements… I don’t think it’s an issue." [View news story]
John Hussman: The Market Is Not in Uncharted Territory [View article]