baselinescenario.com - 3/11/2009
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As Simon wrote this morning, the administration strategy is to wait and see if the economy turns around, lifting banks out of the mess they created. How can you tell if this is working? One way is to look at bank bonds.
If the administration is right and the banks are healthy (and to the ...
bloomberg.com - 3/12/2009
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bloomberg.com —
March 11 (Bloomberg) -- Pacific Investment Management Co.
which runs the world’s biggest bond fund, joined investors...
Warren Buffett and Marc Faber in saying inflation will quicken, sounding a warning for Treasury investors. U.S. government and ...
(more)
Pimco Predicts Inflation, Joining Buffett, Marc Faber ...
alephblog.com - 3/12/2009
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alephblog.com —
Thinking about Citigroup and Bank of America —
Given to Fincorp Clients 3/4/09 When the government gets...
involved in business, the rules of the game change. Creditworthiness becomes less of an “analyze the metrics” affair, and more of a “how strong of a guarantee” affair. ...
(more)
Opportunities in Bank Bonds, Part 2
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Wednesday links: trust, but verify
Abnormal Returns —
... “Asset prices reflect subjective probability distributions about the future. [...] The future has many paths. Our ignorance of the future cannot be measured on the same scale as the variation of the past.” (EconLog)
“At last, our long wait to learn the Administration’s policy on banking is over. The policy is: wait.” (Baseline Scenario, ibid)
Why “looting” is a useful frame of reference on ...
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