April 2010

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site's News Feed page. Derivatives-related news FT Alphaville – Izabella Kaminska - Hungarian watchdog fines Deutsche Bank on FX swap deals…

Highlights The US dollar is narrowly mixed today.  The euro is heavier following news that Greece and Ireland’s budget deficits were even larger than expected by the EU’s calculations and this is seen as much more important that the…

Paulson Letter on Abacus AC1

David Rosenberg of the Toronto-based money manager Gluskin Sheff is out with a note today that measures the U.S. stock market as 35% overvalued based on Shiller P/E ratios. His  conclusions are largely consistent with commentary Jeremy…

"As far as the White House is concerned, it's case closed for Greg Craig's newest legal venture representing Goldman Sachs against the Securities and Exchange Commission. Administration spokesmen brushed aside questions about…

The Bank of Canada's statement yesterday, where it dropped it conditional promise about keeping rates steady and raised this year's growth outlook triggered new Canadian dollar buying.  We too have been bullish the Canadian dollar.…

Bubbles are important for the country because there is nothing more dangerous and damaging to an economy than a great asset bubble that breaks. And this is something the Fed never seems to get. … We looked back as far as we could, , 32…

Finance and Economy GM repays $8.1-billion in loans to Canada, U.S. - The Globe and Mail FDIC Closes on Two Note Offerings Backed by Loans and Real Estate from Corus Bank and Franklin Bank, S.S.B  Shocking Fraud from Financial Scum…

Highlights        The US dollar is mostly higher today, but the drivers are elsewhere.  Greek talks with the EU/ECB/IMF are beginning, but they look to continue for a couple of weeks.  It seems…

Veteran regulator believes Lehman Brothers is a case of fraud and believes the Feds need to bring charges. But, more than that, Black hones in one the mortgage fraud which underlies much of the speculative fervour in the market by citing…