Macro

Kass' Short Bet on Berkshire Falls Short of Reason

What were the returns of Doug Kass and Seabreeze capital? Why does it smell like this roaring mouse of Kass is bitching up WEB's leg in order to attract attention and replace fund withdrawals. He's lucky that WEB is too cordial and busy to take Doug's pathetic ponziclownery on realmoney seriously.

Bondholders and Bailouts: Sharing the Pain

Of course, anybody would like to invest on the same terms as Warren Buffet. But you miss my point. Low income tax payers are not able to and they are the guys shouldering the economic cost for paying WFCs dividends and Pimpco's performance bonuses. Fair and true captalism right?


On Feb 09 02:28 PM Emerald wrote:

> Yes, Bill Gross may be front running his portfolio and has an insider's
> hand as an advisor to the government. So what. As an investor, perhaps
> you should play his game and invest accordingly. I would suggest
> Bill and Warren are reasonably transparent about it. If you can't
> make the rules according to your personal economic philosophy, then
> invest with the wind at your back.

Bondholders and Bailouts: Sharing the Pain

Partner with the government -> Hide behind the taxpayer and let them shoulder all the losses (like Warren Buffett in GE and WFC)

Bill Gross the PIMPCO man

Bondholders and Bailouts: Sharing the Pain

"Partner with the government" = Front run the government and hide behind the taxpayer to shoulder all the losses.

Greetings from Pimpco Bill

Not to belittle the magnitude of the shock to the financial sector and the recent sharp deterioration in the global economy, this isn't the Great Depression nor Japan in the 1990s, Morgan Stanley says.

Morgan Stanley sure has got that call right. This crisis is not as bad as the depression but this is sure worse than Japan. Ergo, it is a true statement in a way.

GE: Not-So-Good Things Come to Light

Hi David,

Sorry but I strongly disagree with your cash flow analysis. Positive cash flow? When GE is issuing LT debt like crazy every year to achieve a net positive cash balance? I would rather argue that the cash flow analysis is extremely disturbing and that the much heralded 2 billion USD cost saving by J.Immelt is peanuts compared to the bind GE capital is in.

Oppose the Treasury's Bailout Plan

Dear David,

Your take on this bailout is the most lucid one I have seen yet and it is very accurate to say that all other previous bank rescues have indeed been related to minimise forced liquidations of assets after that a misrun bank has failed. I am totally and utterly certain that the current bailout plan is a total disaster in the making which will go down in history but for all the wrong reasons.

Bond Expert: Friday Wrap

It is quite obvious no? The Fed has finally thrown all their moral 'cojones' overboard and is now busy printing, printing and printing dollars to bail the banks out. Essentially the same story which was repeated the whole week. The difference THIS time however was that FINALLY the Treasury bondholders realised that they will be the guys being shafted by the U.S government. Hold on to your hats. The next few months will not be pleasant for Treasury bondholders or USD denominated assets in general. Note how the gold and silver markets behaved during the afternoon yesterday. After an initial steep sell off in the atmosphere of 'all clear, the cavalry has arrived", they recovered sharply in the afternoon. I expect gold and silver to literally skyrocket over the next few weeks.