His advice is messed up - he says to avoid leverage but leverage is good in an inflationary environment. Debt payments do not go up with inflation.
Derivatives aren't inherently dangerous but they let companies hide true exposures/levarage and let portfolio managers get around investment...
A lot of the current/departing management at these companies was brought in from the outside within the last several years as turnaround people...
This is not a dramatic rate. Mortgages run off faster than that normally, the average 30 year mortgage only lasts about 7 years due to...
So it looks like they went with convertibles after all. $1 strike to buy 80% of the shares. I am looking forward to hearing their justification...
I have a much simpler explanation. 1) First gulf war ends with a cease fire "contract" saying if Sadam does X we will stop fighting and let him...
I thought they actually sort of do in the US. Doesn't the fed OMC enforces the hike by selling bonds and letting the "money" that comes in...
Assuming the government doesn't do anything drastic I think it is all rollover risk in the near term, which doesn't seem high based on the...
One interesting thing I think is missing from most of these discussions is exactly how the shareholders would get diluted in a recapitalization....
Index and index futures prices will be off by the futures-cash basis. There are also different trading hours, and it is possible the futures...
You seem to have a lot of time on your hands but since I keep replying I guess that means I do too ... First I can't help noticing you are very...
Cool, it looks like NATO and the British empire cleaned up at the games! I like your scoring system, I didn't realize we could count other...
Then that is not contemporaneous cross sectional correlation, you have some lagged cross correlations in that story and that does violate the...
Then I misunderstood you - sorry. I thought you were saying something about contemporaneous cross sectional correlation.
This is actually a pretty tough call for the treasury, I am interested to see what they do but wouldn't want to be in their shoes. It looks like...
I don't think anyone would disagree with you but that does not disprove a random walk. A random walk means that today your best guess for...
If I understand you this is possible. I'm probably too tired to explain this clearly but I'll try. The main feature of a random walk is that...
I'm not Daal but here is my take- Preferred dividends can be deferred in an emergency. Plus it is usually long term or perpetual. It's like...
As a moderator can you create a new category for propoganda and manifestos?
Now it sounds like you are arguing just for arguments sake, but I'll respond anyway. You made my point about impeachment - legislative branch,...
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