De-leverage
That’s basically the name of the game for the last couple of months. It has something of a vicious cycle in it as well, as overly extended institutions sell because […]
It could have been worse, much worse..
In defence of the specialist market makers with a human face..
Naked short selling is a crime, and this is how they do it
The SEC has clamped down on short selling of almost a thousand financial (and two non-financial) companies, but the real crime is naked short selling, selling shares that haven’t even […]
Some good may come out of all this
Excesses have led to a big mess. When the dust settles, at least a little bit, some good might come out of all this. Capitalism’s main strength is that it […]
Some banks have already turned the corner
It might be forgotten, but there are big banks out there that seem (although we agree that this is a dangerous word) already on the mend. USB of Switzerland is […]
Emerging markets to recover soon
At least according to Mark Bobius. And actually, not that soon, but “within 14 months.” We sort of agree. More often than not, financial crisis originate in emerging markets (Thailand […]
Recapitalize the banks!
Central banks (both the Fed and the ECB) are ‘considering’ rate cuts, but they cannot even enforce their own interest rates in the money markets, as these soar again. Anyway, […]
It’s getting ever more difficult to borrow shares for shorting..
Shorting shares is becoming more difficult with the SEC waking up from a long stupor and lending shares being hampered. From the WSJ.
Accounting our way out of the mess..
The SEC is slowly waking up to what has been going on and moving another inch. This time on an accounting rule that according to some, has played an important […]
Congress decides it is worth risking depression
Martin Wolf of the Financial Times , who invariably produces stuff of the highest quality (this one is no exception), here in defence of a weak plan, and the dire […]