Reasons to be miserable, UK edition

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Andrew Garthwaite of Credit Suisse has come over all Krona-esque on the sterling.

From his global equity strategy note:

We think that £/$ could weaken to 1.35 as we believe…



CDS report: European (dis)Union

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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British europhobes love to portray the European Union as an evil bureaucracy, intent on creating a voracious super-state. There is no denying the club has expanded in recent years….



Worthless

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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That’s chart above shows the price action in Palm after Peter Misek of Canaccord Adams said shares in the market of the Pre smart phone maker were worthless:

Due to Palm’s…



Econo-spats, Stephen Roach v Paul Krugman edition

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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It’s become increasingly clear that economists are fractious creatures.

Recent spats include Niall Ferguson v Martin Wolf via Paul Krugman and the legendary dispute between…



The board of Barclays feels your pain (not)

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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From Barclays’ annual report, 2009, published on Friday:

Actually, that chart does not include the fruits of Diamond Bob’s  holding in BGI, the asset management…



Brinkmanship, Greek style

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Ah, George Papandreou: FT Alphaville is starting to see method to your madness.

Greece’s prime minister continued his formidable run of attention-grabbing statements on…



Kim Jong-il has no patience for botched financial reform

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Treasury secretaries and finance ministers around the world ought to thank their lucky stars they didn’t have to defend their handling of the global financial crisis to someone like,…



PT ≠ MV?

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Oh dear.  Fed tightening talk abounds and yet there’s still no evidence that all that extra liquidity has got into the system.

Note the latest M-1 multiplier data from the Federal Reserve,…



Lord Myners believes in dour Scotsmen

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Want to ensure that your bank is well-managed? Then appoint a cynical Scotsman to its audit committee.

Such was the advice proffered, in apparent seriousness, by the UK’s…



On the trail of the PDCF CLOs

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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When, in the spring of 2008, there came a sudden burst of CLO issuance, there was some speculation that the securitisations were being created to take advantage of a new Federal Reserve facility….