Russia Guy

U.S. Treasury Signals the Derivatives Mess Is Far From Over

There is nothing behind many, if not most derivatives, other than the credit of the counterparty.

Hundreds of trillions is llikely "close."

U.S. Treasury Signals the Derivatives Mess Is Far From Over

There is nothing behind many, if not most derivatives, other than the credit of the counterparty.

Hundreds of trillions is llikely "close."

The 'Plunge Protection Team' Working Overtime: A Play-By-Play

excellent article

Why Eliminating Guidance is a Big Mistake

Of course no one knows better than the corporation how much it going to earn. But they have not - or should not have - achieved their positions because of their ability to predict the future. Helping analysts not make mistakes in their earnings estimates is certainly not the role of a corporate executive. There are two academic studies to prove every asserted position, right or wrong, ridiculous or not. For more than 70 years regulators have been promoting disclosure - of facts, not of guesses about the future.

Have you forgotten Yogi Berra's concept: "Making predictions is very difficult, especially about the future."

The Short Term vs. Long Term Rationality of Private Equity

We cannot overlook the impact of tax laws (debt interest is deductible and there is no stock market penalty for being highly leveraged) and securities laws. Attempting to be a fully complying public company is very expensive. Meeting the impossible standards of Sarbanes Oxley is absurdly expensive. You cannot spend enough to get it right. And if one can avoid the 90 day focus of the stock traders you can make more sensible decisions.

PE does not always fire existing management. In some ways they just free them up!

Natural Gas Primed to Heat Up

Why not get in on Gazprom which has 1/3 of all natural gas? OGZPY