Structured Credit downgrades

This via the FT blog FT Alphaville:The latest downgrades from S&P - testament to the fact that the structured finance unwind isn’t yet unwound: 330 U.S. CDOs put on credit watch negative80 second lien RMBS cut to ‘D’65 Alt-A RMBS…

COLA: the real inflationary threat

If Mervyn King is right regarding comments he made in his letter to the Chancellor Alistair Darling, then we should expect interest rates to head down after peaking sometime before year's end. I tend to agree with him that the deflationary…

Chart of the day: UK inflation

Of all of the inflation indices the ONS (Office for National Statistics) in the UK uses, the RPI data are the most comprehensive. This particular series runs back to 1948 and is use in all manner of contracts, pension schemes, what have…

Regional banks: Zions falls

From Bloomberg News: Regional Banks Tumble Zions, the lender with operations in 10 Western U.S. states, tumbled 10 percent to $33.44 for the steepest decline in the S&P 500. ``Weakness'' in residential construction and land values in…

Jeremy Grantham: the bear growls

Jeremy Grantham, a hedge fund manager based in the Boston area, is one of the more respected money managers who has had a cautious view on equities during this past economic cycle. The Canadian daily Globe & Mail has a good interview…

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