Money and Finance
- Albert Edwards: Spain's Bailout Solves Nothing
Going through Japan's lost decade with Peter Tasker was a prequel to our current plight. One of the key differences he had with consensus was on the banks. Consensus believed Japanese banks were at the apex of Japan's economic woes and the main...
- Banks Start 2012 With A Bang. Why?
Andrew Boord, whom I interview for this blog a couple of years ago (HERE), was quoted in this article. The problem that investors have with the largest banks is that even if you have an MBA or Ph.D in economics, it's difficult to ascertain the true...
- Secret Fed Loans Gave Banks Undisclosed $13b
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep...
- Chou Funds: 2010 Semi-annual Report
NON-INVESTMENT GRADE AND INVESTMENT GRADE BONDS ARE NOW FULLY PRICED: Non-investment grade bonds have rallied tremendously from their lows in March 2009, and at current prices we believe they are close to fully priced. For example, three and a half years...
- Do Banks Deserve A Place In A Dividend Portfolio?
Earlier this week, we learned that Standard Chartered bank (a stock that I own) was accused by the New York Department of Financial Services (DFS) of engaging in illegal financial transactions with Iran. A worst-case scenario for the bank would be a loss...
Money and Finance
What’s Inside America’s Banks? - By Frank Partnoy and Jesse Eisinger
Thanks to Peter for passing this along.
Some four years after the 2008 financial crisis, public trust in banks is as low as ever. Sophisticated investors describe big banks as “black boxes” that may still be concealing enormous risks—the sort that could again take down the economy. A close investigation of a supposedly conservative bank’s financial records uncovers the reason for these fears—and points the way toward urgent reforms.
- Albert Edwards: Spain's Bailout Solves Nothing
Going through Japan's lost decade with Peter Tasker was a prequel to our current plight. One of the key differences he had with consensus was on the banks. Consensus believed Japanese banks were at the apex of Japan's economic woes and the main...
- Banks Start 2012 With A Bang. Why?
Andrew Boord, whom I interview for this blog a couple of years ago (HERE), was quoted in this article. The problem that investors have with the largest banks is that even if you have an MBA or Ph.D in economics, it's difficult to ascertain the true...
- Secret Fed Loans Gave Banks Undisclosed $13b
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep...
- Chou Funds: 2010 Semi-annual Report
NON-INVESTMENT GRADE AND INVESTMENT GRADE BONDS ARE NOW FULLY PRICED: Non-investment grade bonds have rallied tremendously from their lows in March 2009, and at current prices we believe they are close to fully priced. For example, three and a half years...
- Do Banks Deserve A Place In A Dividend Portfolio?
Earlier this week, we learned that Standard Chartered bank (a stock that I own) was accused by the New York Department of Financial Services (DFS) of engaging in illegal financial transactions with Iran. A worst-case scenario for the bank would be a loss...