Zero Beta

As the Bear Stearns witchhunt continues throughout the MSM and reverberates in the blogosphere, I can’t help but ask the question.  Who is the co-conspirator(s) in this transactions of weapons of mass destruction?
Just like for a murder to happen there has to be both a body and a weapon, for a transaction to happen there […]

Yesterday I read through Dash of Insight’s comment on a post last week from Abnormal Returns as well as a older post by Daily Options Report..  It’s a given that when Abnormal Returns writes a post it should always be read as they truely are too few and far between, and I have always found […]

Today, Senator Joe Leibermann, who is usually very friendly to Wall Street and the markets, proposed a measure to ban instiutional investors from participating in our nations commodity markets.  Yves Smith over at naked capitalism thinks this may be one of the better ways for government to knock down commodity prices - if they must.  […]

It seems that across the emerging markets - particularly in Asia - we may be seeing a more modern strain of the Asian Flu that ripped across foreign exchange markets in 1997 - eventually leading to Russian Debt Default and LTCM.
It appears that this time, many countries are on the other side of the table […]

Lately, I have begun to grow tired of the countless complaining about the Bear Stearns buyout.  To make sure that things are clear, I, like the many who complain, also believe: 1) that this was a financial boon to JP Morgan, orchestrated by the Fed and the Treasury at the expense of the public, 2) […]

Today’s Fed action along with the recent policy instituted by the Fed has caused many people believe that the Fed has been reactionary to the stock markets lately - its actions coinciding with major selloffs in stock markets. The most notable was its 75 bp surprise rate cut on January 22, 2008 - after […]

 From Bloomberg,
 The risk of losses on U.S. Treasury notes exceeded German bunds for the first time ever amid investor concern the subprime mortgage crisis is sapping government reserves, credit-default swaps prices show.
Contracts on 10-year Treasuries traded at a record 16 basis points earlier today, compared with 15 basis points on German government notes, according to […]

Today, the Fed told the market to “Take $200 billion and call me in the morning”. However, I found a reason that has been given for their decision to do this very interesting.
From International Herald Tribune,
Should we be more worried about the new crisis coming to a head in the financial system or […]

I found this little piece of information in Wal-mart’s earnings.  In the widely lauded (but what I thought ominous) earnings release it was disclosed that Wal-Mart saw a developing trend of people who were using gift cards for purchases of food.
From Business Week,
“Even gift cards, which are usually viewed as something people would use for […]

Satellite
In my eyes
Like a diamond
In the sky
How I wonder…

 
-Dave Matthew Band
 
Last week, it was announced that the Pentagon was going to shoot down a disabled spy satellite to protect those on the ground from toxic material inside.
 
From US News,
 
 
“The Bush administration is […]