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Markets
Since when has the Treasury ever pre-announced the exact maturities that they will buy and when?
It is almost like they are trying to manipulate the market prices on a day to day basis.
At best the total $300 billion is probably less than 1/5th of total treasury issuance (not counting TARP, etc, for fiscal 2010).
By the way, I…
Fitch: Prime RMBS loss estimates way too low
This comes from Angus Robertson of Research Recap. Expect some major writedowns here going forward:
A dramatic rise in delinquencies has led Fitch Ratings to raise its average loss estimates for recent vintage jumbo prime mortgage pools…
More thoughts on the switch from dollars as reserve currency
This comes from Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman (bolding in original). Chandler does NOT see an imminent switch to Euros in the offing, despite the recent musings by Chinese officials (Neither…
The Norwegian krone: the new safe haven currency
This comes via the Financial Times.
The Swiss National Bank’s decision to intervene to weaken the franc has left currency investors with one less haven from the financial crisis.
Its move comes at a time when there are also questions…
Don’t underestimate the power of printing money
Quantitative easing is now the main policy course for the U.S. Federal Reserve. The U.S. Federal reserve is buying $300 billion in long-term U.S. government debt in order to keep interest rates low. As a result, the rally I in Treasuries…
The U.S. dollar plunges due to quantitative easing
The U.S. dollar is getting hammered today. It is now trading near 1.34 to the euro, 1.42 to Sterling, 96 to the Yen and 1.14 to the Swiss franc. These are huge hockey stick style moves. from 1.30 to the euro, 1.39 to the pound, 98 to the…
China sovereign wealth fund diversifies into a massive loss
We have seen absoultely catastrophic losses at the world's Sovereign Wealth funds in the Middle East, Singapore, Norway, you name it. Add China to this list. China's State Administration of Foreign Exchange diversified its money out of…
Jim Cramer on CNBC: Any mention of Jon Stewart?
No. Better to just forget about it, huh?
Instead he talks about recent statements by the Obama Administration. hmm.
Is CNBC chastened?
Marc Faber makes bullish comments on Bloomberg
Marc Faber is a definite bull right now, despite his title as Dr. Doom. In the video below he makes his case for gold miners and for a general equity rally through April. His main points are:
Warren Buffett on Bloomberg Television
Warren Buffett seems to be making the rounds on television media appearances these days. Last week it was CNBC. This week it is Bloomberg. Below is the video from the first parts of his Bloomberg appearance. Well worth a look.…