Credit Market OverviewApril 16, 2009
Operating under the media’s microscope as the market has been since the phrase “credit crunch” shot to the top of the lexicon league tables. The causes and cures for how we got here and how we get back are daily fodder for the forecasters, pundits and practitioners.
Through all of… »
Credit Market OverviewApril 15, 2009
“We have lent a huge amount of money to the U.S., so of course we are concerned about the safety of our assets. Frankly speaking, I do have some worries.” These words, spoken by Wen Jiabao, the Premier of the State Council of the People’s Republic of China, shortly… »
Credit Market OverviewApril 13, 2009
Moves in the equity markets like the ones just experienced in the holiday shortened week bring the statisticians out of the woodwork looking at the size of the moves, how fast they happened and where things stand in relation to the oft sited benchmarks. The talking heads will be… »
Credit Market OverviewApril 9, 2009
If this crisis of credit and confidence has taught us anything it is that doing the same thing at a different time is not that same thing at all. Yesterday’s announcement that the Treasury Department will include the life insurers as eligible TARP fund recipients added a boost to the… »
Credit Market OverviewApril 8, 2009
Moody’s Investor Service said yesterday that 35 companies defaulted in March, the highest single month total since the Great Depression, bringing the total for 2009 to 79. M.I.S. also said that the default rate in the high yield sector rose to 7% from 4.1% at the end of 2008. … »
Credit Market OverviewApril 7, 2009
To say that these are unusual times would clearly be classified as a “marvelous grasp of the obvious”, but just as you find the best shells searching the beach after a storm there has been at least one benefit to the tumult the world is struggling through; the number of high… »
Credit Market OverviewApril 6, 2009
Amid all the fanfare last week attached to the G-20, stocks crossing the imaginary 20% line that designates bull markets (The Dow creeped above 8,000 at the close while the VIX slipped below 40 at the close on Friday.) and the extremely well received news that there were only 663,000 more… »
Credit Market OverviewApril 3, 2009
One of the lead articles in this weeks Economist is titled “Only halfway there”, “Saving America’s banks”. In it the author cites and justifies his arguments for why the plan to relieve the banking system of its toxic-assets will not truly be effective unless the loans as well as… »
Credit Market OverviewApril 2, 2009
The most recent Existing Home Sales figures (+5.1% in February) have given some reason to feel optimistic about the residential real estate picture but yesterday’s foreclosure auction of the John Hancock Tower, the tallest building in New England, for about half of its last sale value three years ago; might bring… »
Credit Market OverviewApril 1, 2009
Vladimir Putin, Russia’s Prime Minister made a $1TN cash bid for GM’s Hummer brand last night with the only stipulation being that the 1MM people currently receiving health benefits from Hummer’s parent company GM continue to due so while the 96,000 active employees continue their normal contributions to the plan.
The… »
