accruedint.blogspot.com - 12/17/2008
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The agency-backed mortgage sure is tempting. Fannie Mae 30-year 6% mortgage-backed securities are currently yielding in the 4.40% area with just a 2-year average life, based on Bloomberg figures. That looks pretty good compared with 2-year Treasuries at around 0.66% and 2-year Fannie Mae bullet ...
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Trepidation About Quantitative Easing, Version 2.0
naked capitalism —
... But then again, we are assuming that lenders have more or less responsible standards. The powers that be may decide to run roughshod over that. As Accrued Interest noted: ...
Afternoon Reading: ZIRP, Stupid, Data, Emerging Markets, etc.
Paul Kedrosky's Infectious Greed —
Buried in other work, so here are some quick links to items of interest: Travel guide to planet ZIRP (JKA) Computers and the Internet Made the Markets Historically Stupid! (PE Wire) Financial data sculptures (anfischer.com) Mortgage Backed Securities: Its a trap! (Accrued Interest) Risk of emerging market crises growing (Fitch) Downgrades hitting Dubai corporates (Fitch) Americans are shoddy Keynesians (Economist) ...
Wednesday links: absence of arbitrage
Abnormal Returns —
... companies are not always good investments. (Value Expectations)
Stocktwits goes big time with Series A funding. (Information Arbitrage also VentureBeat, Silicon Alley Insider)
On oil, “Western salvation is Mideast disaster.” (Dealbreaker)
How low can mortgage rates go? (Accrued Interest)
Why is the Fed pursuing a ‘ZIRPish’ ...
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