Posts filed under “Finance”

New York vs Singapore vs London: Best Financial Center?

Fascinating stuff:

“New York has withstood the worst economic crisis in seven decades and remains the leading global financial center, followed by Singapore, which topped London as investors’ preferred place for doing business, according to Bloomberg Global Poll.

Twenty-nine percent of respondents in the quarterly poll of investors, traders and analysts who subscribe to the Bloomberg terminal say New York will be the best place for financial services two years from now. Singapore is chosen by 17 percent of respondents and London is the pick of 16 percent. Shanghai has 11 percent, while Tokyo, once considered a global hub, gets the nod from only 1 percent.

I have mixed feelings about this poll: I am thrilled the home team (and my home town) took the top spot, but I am an Anglophile who loves London, and was sorry to see them slip to 3rd.

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Source:
New York Eclipses London as Financial Center in Bloomberg Poll
Alison Fitzgerald
Bloomberg, Oct. 30 2009

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEC0OYmvvcZM

Category: Finance

Afternoon Reading

A few interesting reads for your Tuesday: • Goldman Sachs: U.S. Stocks Primed for Takeovers (Bloomberg) • Climbing the Golden Wall of Worry (Barron’s) • Zen Lessons in Market Analysis (Hussman) • Home rescue plan delaying, not solving crisis (Reuters) • End the war on drugs, start the legalization (Marketwatch) • The Years of Magical…Read More

Category: Finance, Financial Press, Markets

StockTwits and the Power of Social Leverage

“The Human Ticker”

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Source:
“The Human Ticker”: StockTwits and the Power of Social Leverage
Aaron Task
Aug 26, 2009 04:13pm
http://finance.yahoo.com/tech-ticker/article/311907/”The-Human-Ticker”-StockTwits-and-the-Power-of-Social-Leverage

Category: Finance, Technology, Video

Professionals Are Buying The Stock Market Rally. Are You?

My quote:

“This is a trading rally not a multi-year rally,” he says. Eventually something’s got to give: “We’ve never had six-month period before where we’ve lost two million jobs and the market’s gained 50%,” he says. “That’s simply unprecedented.”

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Source:
Professionals Are Buying The Stock Market Rally. Are You?
Peter Gorenstein
Yahoo Tech Ticker, August 21, 2009 08:00am EDT

http://bit.ly/4ak0hM

Category: Finance, Video

Falling Imports versus Falling Exports (GDP = -2.38%)

I noted earlier that the oddity of imports versus exports calculation would produce a positive contribution to GDP. Let’s look at the details of this, and find a way to understand what this means. First, off conceptualize the difference between what imports and exports are. At the most basic level, Imports represent our consumption of…Read More

Category: Data Analysis, Economy, Finance

There will be some good news and some bad news this morning at 8:30. That’s when GDP will be released. The Good News will be that we are no longer contracting at the painful rate of 6% annually; Call it the end of the Freefall period we saw from September 2008 to March 2009. The…Read More

Category: Economy, Finance

Withholding Taxes Chart (July 15, 2009)

We have not run these charts from Matt Trivisonno in some time;  they are simply jaw dropping: > >

Category: Economy, Finance, Taxes and Policy

Quarterly Review

I have the lead quote in the this page one NYT Business section article on the Markets — which came out prior to this NFP: “Less-worse isn’t the same as better,” said Barry Ritholtz, chief executive of FusionIQ, a research firm. “We want to see ‘good.’ In order to grow profits, in order for earnings…Read More

Category: Economy, Federal Reserve, Finance, Friday Night Jazz, Media

Continuing Claims “Exhaustion Rate”

Last week, we saw Continuing Claims decrease — proof, said the green shooters, of the imminent economic recovery. Only, not so much: Those of you (who can still afford the luxury of) a trusty Bloomberg will note the ‘exhaustion rate’ for jobless benefits – EXHTRATE – reveals that people are not leaving the pool of…Read More

Category: Film, Finance, Friday Night Jazz, Investing, Markets

My friend David Grais has started a blog devoted to structured finance and the law.  David is a very skilled litigator who spent most of his career doing corporate defense work, but has defected from the Dark Side to become a plaintiff lawyer working on a number of very important ABS cases.

David just posted a comment on the his firm’s blog [http://www.absinvestoradvocate.com] that has some interesting insights about the Obama Administration’s plans for “reforming” the securitization markets.  His comment follows below.  — Chris

Proving yet again that it has become a puppet of its sell-side parent SIFMA, the American Securitization Forum has just released a 241-page study that it commissioned from National Economic Research Associates, Inc. (here) to prove that securitization increases the amount and lowers the cost of consumer credit. It is as though the White Star Line commissioned a book on the RMS Titanic in which the author was told to extol the power of Titanic’s engines, the elegance of the china in its dining rooms, and the verve of its dance bands, while strictly ignoring its shortage of lifeboats.

There is only one question worth asking about securitization: why did securitization become the seedbed of the broadest and costliest epidemic of fraud in history? Until we face that question squarely and answer it honestly, securitization will remain in its coma. Unfortunately, the Obama Administration missed a chance to address that question in its plan to regulate the securitization market. (See the post immediately below.) ASF’s sponsorship of the NERA report is more insidious. By a combination of forbidding mathematics and emollient prose (“Recent experience appears to demonstrate readily that securitization is not inherently ‘good’ or ‘bad.’”), ASF tries to whisk us past that looming question and past the one measure that will best restore confidence in securitization: effective redress for investors against those that turned securitization from a useful financial tool into an orgy of misconduct.
Read More

Category: Finance, Investing, Markets, Think Tank