February 2011

Here's more from the CNBC session with Kyle Bass, Managing Partner of Hayman Capital Management. David Faber introduced the topic as a discussion about tail risk and the "end of the world" trade. Bass took exception to that…

Kyle Bass doesn't believe that the bloodletting in the muni market we have seen so far is enough to warrant taking on the increased credit risk that municipal bonds now have. Bass, who is a principal at the hedge fund Hayman Capital…

from the Brown Brothers Harriman Currency Strategy Team Highlights The dollar is largely confined to narrow trading ranges, with sterling one of the day’s top performers following BoE’s Sentance comments that the inflation report…

By Win Thin Now that we are about halfway through Q1, we thought it would be helpful to take a look at how equity markets have performed so far this year.  The tables below summarize MSCI performance for a variety of countries and…

This is the excellent video of Edward Hugh at the London School of Economics this past Monday speaking about the intersection of finance, macroeconomics, housing and sovereign debt in the Credit Crisis. (hat tip afoe). The topic is on how…

When we see more of the e-mails, this should get interesting. But don't expect an prosecutions. Source: In Prison Interview, Madoff Says Banks ‘Had to Know’ - NYTimes.com

Internet search is broken. Battered by spammers, content farms and black hat optimizers, the typical Internet search is a horrible mess. Try basic search terms like "washing machine". Or try a term relevant to this site like…

David Stockman was on Bloomberg yesterday reviewing the Obama 2011 Budget proposal. His view dovetails with the view on the budget I presented yesterday, when I said: The key, however, is that no one actually wants to cut the items in…

The WikiLeaks saga looks to be descending into a personality conflict between its leading founders. Take a look at this animated mock-up for what's going on.

By Win Thin It’s a tale of two euros when it comes to growth in that region.  Q4 euro zone came in at 2.0% y/y, slightly weaker than expected and up slightly from 1.9% y/y in Q3.  However, the variance within the major euro zone…