Then who buys Treasuries at the next auction?
A close up from the open, but down from the previous close. EG, a rally from a gap-down open that doesn't get back to the previous session's close.
Not much, IMO. There is a bunch of dollar-hoarding going on as a hell of a lot of people/institutions out there are bag-holding USD-denominated...
Last 8 presidential years were an era of free credit for everyone, massive deficit spending, and now, finally, nationalization of the banks....
China holds approximately $3T in agency debt and somewhere near $1T in Treasuries. US tax receipts for 2008 arearound $2.5T while outlays are...
IMO that's the wrong way to look at it. Neither side is a "chump", they're joined at the hip by opposite sides of the same coin. With the close...
We'll start finding out Monday - UK announcing equity stakes and probably interbank guarantees Monday 7AM London time. Germany floating a draft...
Treasury this morning says they'll have a plan within "days" to nationalize...errrr...take equity stakes in financial institutions. That plus a...
The time to buy "fat tail" exposure is when volatility is LOW, not when it is SKY HIGH.
So the question to be asked is - if/when long rates go up signficantly - who will eat all the losses on all those fixed-rate long term mortgages?...
"Bear markets don't end until the last bear is carried out on a stretcher." Just sayin'...
While I appreciate his concerns and share many of them to a considerable extent, IMO he is wrong about hyperinflation. For all the jokes made, the...
First dump I ever saw was '87. VIX didn't officially exist back then, but there were options, and backing the calculations out gives a...
...that you'd be getting a lot further along in life if you spent a lot less time talking and a lot more time listening.
iPhone revs are spread evenly over 8 quarters (2 years). So nearly half the revenue from the *first* iPhone release has yet to find its way onto...
AAPL - under $90 it is trading for effectively 2x cash - not 2x book, but 2x cash - as there is a huge amount of deferred rev just waiting to fall...
The helicopters have already come and gone. http://www.nuclearphynance.com/User%20Files/98/New%20Image.JPG
Use of the past tense is completely inappropriate for the topic under discussion.
For the sake of clarity, is it your position that the $700B blank check intervention the administration just went down on its knees begging for is...
AAPL has an impressive cash hoarde. IMO it is a reasonable value here, and I'm taking some. Unlikely it will ever get back to the $200 glory days,...
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