Banks Are Getting Desperate With Principal Reduction Offers
Calculated Risk has a fascinating and detailed look at an UNSOLICITED Principal Reduction Loan Modification (pdf) offer from BofA. A few...
The LLOYD’s Prayer
Richard Ambrose pens this modest variation of The Lord’s Prayer: > THE LLOYD’s Prayer Our Chairman, Who Art At Goldman,...
Can You Find “Superior Information” About Markets?
Yesterday, we discussed the NYU paper on how Market Timing beat Buy & Hold over the past few decades. The WSJ reviews this idea...
Initial Claims continue downward trend but…
Initial Claims totaled 502k, 8k less than expected and its the lowest level since the 1st week of Jan when it was 488k (Oct ’08 was...
Morning stuff
The MBA said weekly purchases fell 11.7% to the lowest level since Dec ’00 as the uncertainty over whether the home buying tax...
Faber: Gold Permanently Over $1,000
Here’s a interesting take: Marc Faber says that Gold has permanently eclipsed the $1,000 level: “Gold won’t fall below...
Open Thread: HP Buys 3Com for $2.7 Billion
Wow, I did not see that one coming! Anything else worth discussing? What say ye?
Wednesday Reading
Now that I am back at my desk, here are some quick reads: • Chanos Condemns ‘Monstrous Idea’ That Banks Love (Bloomberg) • Under...
Follow up to the WSJ article on the CDS of Japan
The back page of section C of today’s WSJ talked about the recent rise in the CDS of sovereign Japan and its recent rise. As of...