Again, the title is not a fact, but a premonition. Since my last premonition (sadly) came true, maybe there is something to this voodoo analysis after all.
One aspect of the subprime CDO and subsequent contagion that hasn’t gotten much attention (yet) is the influence and impact of risk management systems. In one of my first [...]
The interesting discussion continues over on Nuclear Phynance. Here is my latest:
Hi Cheng,
My opinion on CDS has nothing to do with what is going on in subprime. In my opinion, subprime is just the first “zit” appearing on the face of a pubescent teen’s face who has been eating nothing but junk food for [...]
The discussion over at Nuclear Phynance continues.
This morning, we are talking a bit about high yield spreads, CLOs, LBOs, and private equity. Here is my latest contribution
See? It is much more fun to have opinions on the future rather than the past. We will ultimately be able to see who is right rather than looking [...]
My favorite blogger, Barry Ritholtz over at The Big Picture, has some great comments on Countrywide’s conference call earlier today.
Countrywide: “Home price depreciation at levels not seen since the Great Depression”
My inaugural post, “The End is Near“, seems to be not too far from the mark
My premonition that high yield bond spread would [...]
Hmm… this story appeared on one of my CCD RSS feeds this morning:
Thousands of Seabirds Found Dead in Southeastern U.S
Excerpts (my emphasis in bold):
From all appearances, the birds are starving to death. But no one can say exactly why. “Some feel it’s a natural phenomenon,” Watson says, but he has doubts. “I think the thing [...]
I’m halfway through
Financial Armageddon: Protecting Your Future from Four Impending Catastrophes
and will give a review when I’m done. So far, it is awesome. I’m also a big fan of Panzner’s Financial Armageddon blog. This morning, he points to a very interesting article in the Times Online.
Walker Understands the Golden Rule
Howdy!
Been away for a while with traveling, preparing for the new job, etc. There is a pretty good (in my opinion) discussion going on over at NP:
Will there be a financial market contagion caused by ABS CDO woes?
This morning, there is a discussion of disparities between cash and synthetic (CDS) bond markets. Here is my [...]
This S&P article via Calculated Risk
Ratings On 75 U.S. Synthetic CDOs Of ABS Lowered Following U.S. Subprime RMBS Review
Of the 92 ratings actions listed in the S&P article, it looks to me like
15 of them were AAA (3 downgraded to A),
27 of them were AA (4 downgraded to BBB),
30 of them were A
20 of [...]
I just read the craziest suggestion ever to explain colony collapse disorder
Do you think that the sun changing magnetic poles affected bees?
Or is it?
The title is not a fact, but a premonition
High yield spreads have been out of whack since at least September of last year. Unfortunately, since I’m currently on “garden leave” and no longer have access to data services, I’ll just grab a snapshot from the public page of LehmanLive
I’m still an amateur, but [...]
