Global copper demand won't see a recovery until 2011 -CS

Global copper demand probably won't see much of a recovery until 2011 because of lower global GDP forecasts, a marked slowdown in China's consumption growth and modest supply in the near term, Credit Suisse said in a note Thursday. [more...]

Date: 2009-01-15 16:35:17

Blog posts (123) | Videos (137)
 

History Repeating Itself or a New Start in 2009?

History Repeating Itself or a New Start in 2009? Posted on January 1, 2009 by Susan Mangiero Philosopher George Santayana once said that " ... Defotis cites a Credit Suisse report that has S&P 500 companies facing a "pension deficit [more...]

Date: 2009-01-01 11:54:30

Bloomberg Options: Nothing But The Finest Analysis

Bloomberg out with yet another gem of an options article ... by Credit Suisse Group AG and Bloomberg. The gap widened as investors paid less to insure against price [more...]

Date: 2009-01-13 15:20:00

Media Digest 12/29/2008 Reuters, WSJ, FT, Bloomberg

According to Reuters, Kuwait canceled a $17 billion joint venture with Dow Chemical (DOW). Reuters reports that Credit Suisse (CS) clients may have lost $926... This is a content summary only [more...]

Date: 2008-12-29 08:45:09

Citigroup, Fannie, Freddie, BofA: The Market’s ‘Four Wounded Horsemen’

Credit Suisse algo analysts offer up some thinking on the trading surge in Fannie, Freddie, Bank of America and Citigroup, a quartet they dub "the four wounded horsemen of the financial sector." [more...]

Date: 2009-09-25 18:52:17

Madoff’s Investors Had $43 Billion

via Bloomberg: Client Total Source Access International $1 ... million Bloomberg News Jeshurun letter Credit Mutuel 90 mln euros Bloomberg News ($124 million) Credit Suisse 900 mln-1 bln Sonntag Swiss francs ($843-937 mln) Dexia SA 78 million Company statement [more...]

Date: 2009-01-08 01:36:40

Google: Weisel Sees Search Momentum Holding Up

Sifting through data from Web site ranking firm ComScore (SCOR) ... from Credit Suisse (CS) analyst John Blackledge, who says that a stable contract renewal trend [more...]

Date: 2008-12-31 18:54:21

KLCI extends decline (14.01.2009)

THE Kuala Lumpur Composite Index fell 0.24 of a point, or less than 0.1 per cent, to close at 913.46, extending yesterday’s 1.1 per cent decline ... per cent, to RM4.50, the highest close since September 26. Credit Suisse Group said a possible sale [more...]

Date: 2009-01-14 10:50:00

UPDATE: Credit Suisse Index Posts Dec. Loss

As it turns out, hedge funds may not have done as well last month as initially reported. read more [more...]

Date: 2009-01-15 21:46:18

Miguel Barbosa Interviews Michael Mauboussin: Author, Investor, & Multidisciplinary Thinker

Benoit Mandelbrot once said that “failure to explain is caused by failure to describe”. The world has experienced one of the most severe financial crises. How should we make sense of what happened? Without a doubt, we should describe the financial crisis in a multidisciplinary fashion. Only through multiple perspectives can we begin to uncover the origins of the “great recession”. Today, I’m pleased and honored to have one of the foremost experts in multidisciplinary thinking, Michael Mauboussin. [more...]

Date: 2009-09-28 16:43:17

Kuwait’s Investment Dar keeps lenders at bay with “standstill agreement”

Sep 27th, 2009printemailPost a comment The Investment Dar Co., a Kuwaiti financial institution that owns half of Aston Martin, has negotiated a “standstill agreement” with lenders as it works to restructure its debt, reported Bloomberg on Sunday.“The consenting banks and investors will, for the duration of the standstill agreement, suspend individual claims relating to investment arrangements,” it said in a statement.Investment Dar defaulted on a $100 million Islamic bond this April, prompting [more...]

Date: 2009-09-27 12:42:50

Should Dell Rein in Shopping Impulse?

After inking its $3.9 billion deal for Perot Systems, Michael S. Dell, the founder and chief executive of the computer maker Dell, made it clear that other acquisitions may be on the horizon. However, one analyst warned that Dell should tread carefully when considering its targets, Barron’s reported.“I wouldn’t be surprised to see other smaller potential acquisitions as a result of this after a successful integration,” Mr. Dell said last week during a conference call to discuss the Perot deal. [more...]

Date: 2009-09-28 10:01:37

100 Degree Links

100 degrees where I live. How toasty. How refreshing. And then there was : "Ice Age" helmer Chris Wedge will next direct "Leaf Men," a feature toon that Fox has committed to finance through its Fox Animation label, with Blue Sky Studios producing. The development comes after a fascinating tug-of-war over the project between Fox, Blue Sky Studios co-founder Wedge and Disney-based animation rival Pixar ... It's always fun when two cartoon titans duke it out for the rights to a hot property. [more...]

Date: 2009-09-25 22:34:00

Big Merger Deals Signal Restored Confidence

After a period of hibernation, corporate mergers and acquisitions are back on the agenda, Andrew Ross Sorkin writes in his latest DealBook column. While the price tags may not be hitting the highs they did during the boom times, the return of bigger M.&A. deals signals an increasing confidence among chief executives, who until now have been hesitant to ink any deals, Mr. Sorkin says. One segment that has not jumped back into the deal-making fray, however, is the private equity industry. [more...]

Date: 2009-09-29 10:15:53

MGM Preparing For Restructuring Or Bankruptcy; TPG, Providence To Eat $875 Million Equity Loss

Zero Hedge Even as market optimism rages unabated despite the occasional dip in the market (where everyone on the sidelines is buying, buying, buying GE stock), the economic fundamentals continue souring. The latest casualty – legendary movie studio, Metro-Goldwyn-Mayer, Inc. Well, not so legendary these days, with the only consistently profitable venture to come from the studio being the James Bond series, and alas that’s the problem. [more...]

Date: 2009-09-26 20:24:50

WSJ: Aluminum-Backed ETF in the Works

IndexUniverse submits: Details are in the works for the launch of the first aluminum-backed exchange-traded fund, the Wall Street Journal reported Monday. Though Glencore International, the world's biggest commodity trader, and Credit Suisse Group are still looking for both an ETF provider and regulatory approval, the new ETF is said to reflect growing interest in physically backed commodity products in the face of looming stricter U.S. regulation in the futures markets. Complete Story » [more...]

Date: 2009-09-28 22:34:24

Do Ben and Tim = Thelma and Louise?

One cannot help but note that Team Obama is trying to derail serious proposals regarding financial reform for Wall Street at the G20 meeting, as we suggested they would. The concerns raised by US revelations at the G20 today about new intelligence regarding Iran's secret underground nuclear facility have overshadowed financial reform and economic problems, and Gordon Brown's prescription yesterday that the G20 would become the new governing council for the world . [more...]

Date: 2009-09-25 16:41:00

Words from the (investment) wise 9.27.09

Words from the (investment) wise for the week that was (September 21 – 27, 2009) After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 12:05:27

Words from the (Investment) Wise (Sept. 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 14:33:29

[WSJ] Aluminum-Backed ETF In The Works

  Details are in the works for the launch of the first aluminum-backed exchange-traded fund, the Wall Street Journal reported Monday. Though Glencore International, the world's biggest commodity trader, and Credit Suisse Group are still looking for both an ETF provider and regulatory approval, the new ETF is said to reflect growing interest in physically backed commodity products in the face of looming stricter U.S. regulation in the futures markets. [more...]

Date: 2009-09-28 16:09:48

US gold ends lower on weak physical demand

NEW YORK, Sept 25 (Reuters) - U.S. gold futures ended loweron Friday as bullion investors took profits due to a lack ofphysical demand and after prices failed to break abovetechnical resistance levels earlier this week. For the latest detailed report, click on . GOLD * December gold futures GCZ9 settled down $7.30 at$991.60 an ounce on the COMEX division of the New YorkMercantile Exchange. * Range from $1,000.50 to $985.50, which marked the lowestprice since Sept. [more...]

Date: 2009-09-25 21:00:32

Mortgage and Housing Related: Rates, Inventories, TBW – Freddie, 7 Million Foreclosures, Housing Prices, First Time, Subprime Delinquencies 50%

  Mortgage rate update — the deal of a lifetime – Scott Grannis -  Calafia Beach Pundit   ———— Home Inventory Measure Falls to April 2007 Level – Mark Perry’s Carpe Diem Blog   ———— Taylor, Bean & Whitaker, Freddie Mac hammer out agreement - Taylor, Bean & Whitaker Corp. and Freddie Mac have hammered out an agreement for the former Ocala-based lender to hand over to Freddie Mac financial data and home mortgage payments. [more...]

Date: 2009-09-27 14:57:00

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

RIMM, AAPL, SWSI, MNKD, RECN, WU, MGI Popular Stocks

U.S. stocks were lower Friday as the Dow Jones Industrial Average fell 19 points to 9688. The S&P 500 slipped 4 points to 1046. The Nasdaq Composite was down 13 points at 2095.Research In Motion’s (NASDAQ:RIMM, $69.03, -$14.03, -16.89%) second-quarter revenue and its forecasts for third-quarter revenue fell short of analysts’ expectations, raising fears the Blackberry maker may finally be feeling the effects of the economic slowdown or competitive pressure from iPhone maker Apple Inc. [more...]

Date: 2009-09-25 18:28:08

Who's Running TARP? You Might Not Wanna Know

Last week, Congress's oversight panel for the TARP funds confirmed in a report that the Treasury Department essentially has no idea what banks have done with the astronomical sums they've been handed. Given this lack of information, we figured it might at least be helpful to know a bit about a few of the people at Treasury who are in charge of [more...]

Date: 2009-01-13 00:45:57

The Fed's Moving Target: NAIRU

This is the article that I wrote on Angry Bear today. Neal Soss and Henry Mo at Credit Suisse published a very interesting article, "Where is full employment in a more volatile macroeconomy?", where they argue that the natural (long run) rate of unemployment may be shifting (they do this by showing that the Beveridge curve, which plots the the job vacancy rate against the unemployment rate, is shifting upward). [more...]

Date: 2009-09-29 15:06:24

The Fed's Moving Target: NAIRU

This is the article that I wrote on Angry Bear today. Neal Soss and Henry Mo at Credit Suisse published a very interesting article, "Where is full employment in a more volatile macroeconomy?", where they argue that the natural (long run) rate of unemployment may be shifting (they do this by showing that the Beveridge curve, which plots the the job vacancy rate against the unemployment rate, is shifting upward). [more...]

Date: 2009-09-29 15:06:24

The Fed's moving target: NAIRU

This is the article that I wrote on Angry Bear today. Neal Soss and Henry Mo at Credit Suisse published a very interesting article, "Where is full employment in a more volatile macroeconomy?", where they argue that the natural (long run) rate of unemployment may be shifting (they do this by showing that the Beveridge curve, which plots the the job vacancy rate against the unemployment rate, is shifting upward). [more...]

Date: 2009-09-25 20:30:00

Dell launches high-end, thin business PC

* Latitude Z called thinnest, lightest 16-inch laptop * Priced at $1,999 SAN FRANCISCO, Sept 29 (Reuters) - Dell Inc (DELL.O) onMonday unveiled its latest high-end, ultra-thin personalcomputer, bringing some fresh design appeal to its enterprisemodels. Dell called the new Latitude Z the world's thinnest andlightest 16-inch laptop, at 4.5 pounds and less than one inchthick. However, the Latitude Z does not come cheap, starting at$1,999. Dell, the world's No. [more...]

Date: 2009-09-29 05:08:27

Abbott Gets Belgian Drug Unit for $7.6 Billion

Solvay, the Belgian chemical and pharmaceutical group, said Monday it has agreed to sell its entire pharmaceutical business to Abbott Laboratories of Abbott Park, Illinois, for €5.2 billion ($7.6 billion), The Associated Press reported. The big U.S. drug maker will take sole possession of their shared cholesterol drug venture, The New York Times’s Duff Wilson reported. [more...]

Date: 2009-09-28 10:32:35

Apple: Street Expectations Low On Schiller Keynote

Tomorrow morning, Apple marketing exec Phil Schiller takes the stage in San Francisco’s Moscone West convention center to give the Macworld keynote address traditionally given by CEO Steve Jobs. When Apple last month announced that Schiller would sub for Jobs at what will be the company’s final appearance at the annual IDG-run trade show, [more...]

Date: 2009-01-05 14:08:00

Citron Comments on Apollo Part 2 - Revenge of the Analysts

stock ticker: APOL Citron is fascinated by the analysts’ quick responses to its Apollo report, ... . Managing Cohort Default Rates by paying back student loans is not a new concept. It was employed ... According to the department, the company “then attempted to collect the loan amounts from its students [more...]

Date: 2009-01-15 17:24:54

Junk Into Gold: How Cablevision, MetroPCS, Fresenius Raised $2.1 Billion

Fund managers can’t sit on their cash forever. That is one guiding principle that helped a group of banks, led by J.P ... , MetroPCS and Fresenius SE. They combined timing, aggressively discounted pricing and old-fashioned ... to $750 million. MetroPCS drew $3.5 billion in demand for this week’s offering of $300 million of debt [more...]

Date: 2009-01-15 12:13:00

Asian Stocks Slide as Japan Machinery Orders, U.S. Sales Drop

BLOOMBERG - Patrick Rial Jan. 15 (Bloomberg) -- Asian stocks fell, dragging the regional benchmark index to a five-week low, after Japanese machinery orders and U.S. retail sales dropped at more than double the pace economists had estimated. Advantest Corp., the world’s No. 1 maker of memory-chip testing equipment, lost 9 [more...]

Date: 2009-01-15 02:24:05

Saudi index rises to 11-month high

The Saudi index saw its highest close in 11 months on Saturday, after the Credit Suisse Group upgraded some of the bank stocks in the kingdom, and local bankers announced that they agreed to refinance part of the Saad Group’s debt. The TASI index closed at 6,130.95 points, its highest level since October 22, 2008 when it closed at 6,160.80 points. The top gainers included SABB bank, Riyad Bank, Al Rajhi Bank and the Samba Financial Group. [more...]

Date: 2009-09-26 20:02:24

Abbott Labs: Defying the Skeptics Again?

Abbott Laboratories is hoping the eyes have it. The medical-device maker is on something of an M&A tear, spending nearly $21 billion in the past decade for companies, including Monday’s $2.8 billion acquisition of Advanced Medical Optics. Abbott’s $22-a-share offer, nearly one-and-a-half times Friday’s closing price of $8 [more...]

Date: 2009-01-12 13:17:00

No Help for Middle class Americans. Can we get help sooner than later?.

After a year of failed efforts, Congress and the new administration are considering more aggressive measures, including a possible change to bankruptcy law. Homeowner relief could come as part of a new ... for foreclosure relief. Congress and the incoming administration are taking a multipronged approach [more...]

Date: 2009-01-14 21:32:00

Wall Street Breakfast: Must-Know News

GM shifts into high gear after GMAC bailout. General Motors (GM) ... on hold when GMAC was forced to tighten its credit standards in October. GM will also offer low ... to consumers with lower credit ratings and has begun reaching out to customers worried about credit [more...]

Date: 2008-12-31 12:12:10

Weasel Words

Weasel Words:  Grammar says that weasel words are words or phrases which are intentionally vague. Arguably, they hide important information like who exactly made a certain argument or just what a statistic means. There is considerably less substance in weasel words. Most people agree that weasel words are bad [more...]

Date: 2008-12-26 21:11:41

How to tackle foreclosures and unemployment at the same time

Back in mid-December, after I wrote a post about some numbers from the Office of the Comptroller of the Currency (OCC) that seemed to show loan modifications don't work so well, a reader of this blog suggested that the data release might be politically motivated—that the Bush administration, [more...]

Date: 2009-01-06 17:06:23

Four at Four: Rally for Now, Worry Later

Another day, another rally, and perhaps a few more believers. It’s premature to term this recent surge as much more than an early-year allocation flurry, bolstered by the hope that perhaps the economic outlook will improve a bit more quickly than expected, but it isn’t a bad thing [more...]

Date: 2009-01-06 12:58:00

Deutsche Bank files $6.3 billion loss

Germany’s biggest bank, Deutsche Bank AG, reported a record loss of about 4.8 billion euros ($6.3 billion) in the fourth quarter ... time, Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co. and Credit Suisse Group AG ... results in the sales and trading businesses.” Credit trading, as well as buying and selling stocks [more...]

Date: 2009-01-14 19:15:27

POSITIVE SIGNS IN THE REAL ESTATE MARKET

Wow, I have to get back to the blog. The last 4 months have been busier than the previous 8 months and I have 3 additional people working for me!Anyway, I received the following email about the positive signs in the real estate market. I am seeing them here. Well I am experiencing it too, that's why I am so busy [more...]

Date: 2009-01-14 22:36:00

U.S. Economy: Retail Sales Decline for a Sixth Month

By Bob Willis Jan. 14 (Bloomberg) -- Sales at U.S. retailers fell more than twice as much as forecast in December as job losses and the lack of credit led Americans to cut back on everything from car purchases to eating out. The 2.7 percent [more...]

Date: 2009-01-14 17:37:00

Bank of America: What to Expect When You’re Expecting Merrill Lynch

For Bank of America, being a hero won’t come cheap. Bank of America officially married Merrill Lynch on New Year’s Day, culminating an engagement that began Sept. 15 when Merrill Lynch President Greg Fleming persuaded BofA to save his investment bank from a fate worse than Lehman Brothers Holdings [more...]

Date: 2009-01-02 09:07:00

Bank of America: What to Expect When You’re Expecting Merrill Lynch

For Bank of America, being a hero won’t come cheap. Bank of America officially married Merrill Lynch on New Year’s Day, culminating an engagement that began Sept. 15 when Merrill Lynch President Greg Fleming persuaded BofA to save his investment bank from a fate worse than Lehman Brothers Holdings [more...]

Date: 2009-01-02 09:07:00

Mamma Mia! It Isn’t a Rich Man’s World for Wall Street Awards

Vivek Ahuja, of our brother publication Financial News, sends this dispatch from last night’s IFR awards in London. It was somewhat fitting that the entertainment at Monday night’s International Financing Review awards included an Abba tribute band, [more...]

Date: 2009-01-13 17:44:35

Research Oracle roundup for 15 January 2009

Earning Release Shaw Communications Inc.’s (NYSE:SJR) 1Q 09 revenues, EBITDA and operating income were in line with our expectations, while adjusted1 net income was below our estimate. As the overall results were broadly in line with our expectations, we maintain our BUY rating for the common stock [more...]

Date: 2009-01-15 17:34:17

West LA Housing Market Ready to Collapse

I have seen a few signs in the last few months that lead me to believe the the housing market in West Los Angeles is going to suffer a major ... in real estate.  One in the Subprime credit line, which has already hit, and the second in the better credit and higher end real estate, which is due to hit this year.   Los Angeles Real Estate [more...]

Date: 2009-01-15 20:49:54

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