Follow WallStreetBlips on Twitter
China Paper: U.S. Has Plundered Global Wealth with Dollar
Fund My Mutual Fund —
... Its pronouncements do not necessarily directly voice leadership views. But the commentary, as well as recent comments, amount to a growing chorus of Chinese disdain for Washington's economic policies and global financial dominance in the wake of the credit crisis. ...
Heh Barney Fife!
The Market Ticker —
... "I am deeply disappointed that a number of financial institutions are distorting the legislation that Congress passed at the president's request to respond to the credit crisis by making funds available for increased lending," Rep. Barney Frank said in a statement. ...
Reuters: After Citigroup (C) is Bank of America (BAC) Next?
Fund My Mutual Fund —
... "The difference between Citi and the other three is that Citi clearly had more suspect management," said Mal Polley, chief investment officer at Stewart Capital Advisors in Pittsburgh. "They had not done enough to take the fat out of the system and right the ship," he added. But management at Bank of America and Wells Fargo, and even JPMorgan, widely regarded as the bank that has best survived the credit crisis to date, will need to allay investors' concerns about their capital position as financial conditions worsen. ...
Logic Behind Bill Ackman's Purchase of General Growth Properties (GGP)
Fund My Mutual Fund —
... In real estate circles, Chicago-based General Growth is admired for its ability to manage its properties well, boosting their value in the process. But the credit crisis has hit the company hard, sending its stock price down more than 97 percent, and leading to the firing of its chief financial officer. The company is trying to raise cash by selling off some malls but has yet to do so. ...
Harley Davidson (HOG): "Oink"
Fund My Mutual Fund —
... That unit, which accounted for about 15 percent of Harley's operating profit of $1.4 billion last year, relies on a healthy securitization market for both its operations and profits -- and that market has been largely paralyzed as a result of the credit crisis. ...
Inventory Writedowns Beat down Solar Sector - LDK Solar (LDK) & Suntech Power (STP)
Fund My Mutual Fund —
... Makers of solar cells and modules have suffered in recent months as the global credit crisis dried up funding for new projects and the weak euro hurt margins for companies that sell into the European arena. ...
Guest Post: HOOPPLA! The Beauty of Bonds?
naked capitalism —
... Although the allocation of assets invested in stocks is expected to rise from the low levels seen at the end of 2008, John Ehrhardt, the main author of the report, said he does not see the stocks allocations of these pension funds returning to the 60 percent level last seen at the end of 2006, before the global credit crisis struck. ...
Guest Post: What About Stress Testing Pensions?
naked capitalism —
... But the credit crisis burst the bubble, and since then prices have tumbled about 25 to 30 percent from their peak, according to the report. Prices could further fall, resulting in values declining 40 to 50 percent. ...
Guest Post: Where is the Fear?
naked capitalism —
... The S&P 500 .SPX hit a more than 12-year low in early March, down more than 57 percent from the record high it set in October 2007, after the bursting of the housing bubble spiraled into a credit crisis and then into a global recession. ...
Banks Kick Commercial Real Estate Loans Down Road
Fund My Mutual Fund —
... The U.S. commercial real estate sector has been grappling with a credit crisis that has dried up some of its most important sources of lending. That has left many borrowers unable to refinance maturing mortgages. Even when they can obtain financing, borrowers are often obtaining much less than they need. ...
