C.M.O.
C.M.O. 5.4.2010
Credit Market Overview
May 4, 2010
Total Vehicle Sales coming in at over 11MM for April marks the 7th straight month above the 10MM mark, the second with an 11 handle and a marked improvement over the 9MM of April a year ago. Add to this the seasonally adjusted sales rate for 1Q10 was 11MM vehicles and… »
C.M.O. 5.3.2010
Credit Market Overview
May 3, 2010
While the Troubled Asset Relief Program (TARP) and the Term Asset Backed Securities Loan Facility (TALF) were designed to alleviate the severe stress in the financial markets as a result of the seven sigma event known as the Credit Crisis the American Recovery and Reinvestment Act which is not known by… »
C.M.O. 4.30.2010
Credit Market Overview
April 30, 2010
When the Morton Salt company came up with the slogan “when it rains, it pours” it was to tout the fact that its “iodized” product did not cake or clump, regardless of the humidity. Joy Morton, son of J. Sterling Morton, Secretary of Agriculture under Grover Cleveland, came up with the… »
C.M.O. 4.29.2010
Credit Market Overview
April 29, 2010
While there were eleven explicatives uttered during the Congressional hearings on Tuesday one might think there were a few more than that spoken (albeit more hushed) around the EU yesterday as S&P, with its new found conscious, continues its post “We’ll give anything you want a AAA” mantra with its new… »
C.M.O. 4.28.2010
Credit Market Overview
April 28, 2010
Eleven explicative’s, admission of regularly placing wagers outside of licensed gaming facilities compounded by a lack of organization including incorrect attributions along with the fabrication of e-mails to be “found later” and in a majority of cases, a clear lack of understanding of the mechanisms and machinations under discussion, but feed… »
C.M.O. 4.27.2010
Credit Market Overview
April 27, 2010
If you have ever begun to slip while going down a set of steps or missed a step on your way up and saved yourself from a very serious fall by a quick and quite strong grasp of the banister you have a pretty good idea how many of the folks… »
C.M.O. 4.26.2010
Credit Market Overview
April 26, 2010
Much of what has been written recently regarding China has been headlined by Yuan worries. The amount of effort spent in getting those that steer the Middle Kingdom to revalue the renminbi is at least equivalent to that of Messrs. Frank and Dodd in convincing the country that the credit crisis… »
C.M.O. 4.23.2010
Credit Market Overview
April 23, 2010
Oscar Wilde wrote in his essay The Decay of Lying in 1889 that “Life imitates Art far more than Art imitates life”. To the extent that we consider those things on the small screen “art” than it would appear that the art we are most beginning to imitate is Eva’s.
I’m not… »
C.M.O. 4.22.2010
Credit Market Overview
April 22, 2010
One of the benefits of the latest media frenzy surrounding Goldman Sachs (GS) is that it is providing cover for all of the other poor unfortunates that would be the subject of endless hours of populist scrutiny.
It has already been pointed out that the filing of the civil suit against GS… »
C.M.O. 4.21.2010
Credit Market Overview
April 21, 2010
In announcing its second best quarterly earnings since its IPO in 1997 it appears that Goldman Sachs (GS) will have the resources to fight the lawsuit filed by the SEC last Friday which is becoming more obvious by the day as a political ploy to staunch opposition to pending financial regulation… »
