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  • Wall Street Breakfast: Amazon Introduces New Kindle Lineup [View article]
    Indian market (Sensex) closed at 27112, up 1.8%. It closes at 6 AM ET (hence closed when WSB was up). Please check your source.
    Sep 18 06:43 AM | Likes Like |Link to Comment
  • Citi: Beware Rising High Yield Spreads [View article]
    Yes, high yield bonds are almost always the first place you can spot impending trouble. But the problem is that it can give a lot of false positives.
    Aug 19 07:50 AM | Likes Like |Link to Comment
  • Is Crude Setting Up For Something Big? [View article]
    Oil price moves lower, lot of marginal producers particularly in shale and canadian tar sands would go kaput. Shale drllers are already feasting on junk debt according to Bloomberg.

    Oil prices moves higher, economies go kaput promptly bringing down prices. There are a lot of studies in this area and a simple rule of thumb is that if an economy spends more than 4% of its GDP in oil, it faces a recession. Of course it varies from country to country.

    Thats is why we are seeing oil price skating on this ice between 90 and 130 for almost 6 years now. This is such an unprecedently low volatility never seen in any commodity or asset class.

    Something got to give and just like Chriss, I believe it will be to the upside. Where will it stop? No one knows and anyone putting out a number is just guessing but I would say $170-$180 is where enough economies will have sand thrown into their economic machines. Will it be a swift jump in 10-20 trading sessions or will it be a creeping upmove over a couple of years with invariable corrections? Again no one knows.
    Jul 11 06:55 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: GoPro IPO, Valeant Confidence, Condensate Exports [View article]
    Now that US has started exporting unfinished petro products, the WTI - Brent spread will narrow. Atleast it wont reach the absurd levels of 27-28 bucks again.
    Jun 25 07:15 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Google's Nest Apps, Argentine Court Stay, E-cigarette Craze [View article]
    The tobacco bond market link is erroneous. Please fix it. Thanks!
    Jun 24 06:40 AM | 3 Likes Like |Link to Comment
  • India's Role In The Gold Market [View article]
    18000 ton figure is IMO a gross underestimation. This number has been circulated around for years now. Around 10000 tonnes would have flowed into India from 2000 itself. Padmanabhaswamy temple and Tirumala temple together are estimated to hold atleast 1000 tonnes. My guess would be somewhere around 35-40K tonnes.
    Jun 20 07:20 AM | 1 Like Like |Link to Comment
  • New record low for high-yield, but spreads could still come in [View news story]
    HYG's yield is 5.4 & JNK is at 5.6 according to Seeking Alpha but this news item and the Barron's article linked here says both are sub 5%. What am I missing? Can someone help me out?
    Jun 18 02:48 AM | 1 Like Like |Link to Comment
  • Ex-litigation, BofA beats forecasts [View news story]
    The title cracks me up! So EBIDTA now becomes EBLIDTA for most banks... and BP.
    Apr 16 07:35 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Brent WTI spread is down to 4 bucks now.
    Apr 11 06:45 AM | 4 Likes Like |Link to Comment
  • Sebelius' departure confirmed following botched Obamacare rollout [View news story]
    Its surprising that they reached their target!
    Apr 11 06:34 AM | Likes Like |Link to Comment
  • Kashagan field may fail to restart this year if offshore pipes damaged [View news story]
    Cash-gone oilfield?
    Apr 8 05:43 AM | Likes Like |Link to Comment
  • The Wal-Mart Economy [View article]
    I am afraid that the comment section of an excellent article on economics is quickly degrading into a political catfight. You have a thesis which is probably close to the truth with many supporting evidences but I am seeing only very few debating on the actual thesis.
    Mar 7 12:50 AM | 5 Likes Like |Link to Comment
  • Budget deficit falls at sharpest pace since WW2 [View news story]
    Thanks to the energy boom
    Feb 28 06:12 AM | 1 Like Like |Link to Comment
  • World Gold Council: 2013 Review And 2014 Outlook [View article]
    About 2500 odd tonnes of gold is mined every year and another 1500 tonnes gets recycled. Thats the total supply of physical gold available on the market per annum. The rest 172000 tonnes doesnt see the market at all. So 1000 tonnes addition to the 4000 tonnes annual supply comes to about 20% increase in the volume of supply which needs to find additional physical demand. So a 27% fall in prices makes sense - More gold for the same $ - demand meets supply.
    Feb 11 06:11 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Yes, India is the largest importer of weapons and indigenous development of high cost weapons certainly helps its CAD.
    Aug 28 06:54 AM | 2 Likes Like |Link to Comment