Category: C.M.O.

C.M.O. 2.20.2009

Credit Market OverviewFebruary 20 2009 News of “The Donald’s” bankruptcy filing in Atlantic City was immediately countered by “The Donald” saying it was only a licensing deal representing less than 1% of his net worth. Representing a little more than…

C.M.O. 2.19.2009

Credit Market OverviewFebruary 19 2009 “In some ways, what the government says or does is becoming less important, since the market wants to see proof that the stimulus is working and the economy is bottoming.” Although this quote by James…

C.M.O. 2.18.2009

Credit Market OverviewFebruary 18 2009 One of the keys to successful investing it is said is to follow the “smart money”. This used to mean (before 2008) do what the professionals do when they do it, not what the individual…

C.M.O. 2.17.2009

Credit Market OverviewFebruary 17 2009 In life, business and of course trading it is always good to learn form your mistakes. It appears Moody’s has taken this to heart as after having rated a whole bunch of mortgage backed paper…

C.M.O. 2.13.2009

Credit Market OverviewFebruary 13 2009 The line “Misery acquaints a man with strange bedfellows” in William Shakespeare’s play The Tempest is best now known to most of us as in its modern form as “Politics makes strange bedfellows”. The truth…

C.M.O. 2.12.2009

Credit Market OverviewFebruary 12 2009 After losing the election for Governor of California by almost 300,000 votes in 1962 Richard Nixon gave an impromptu concession speech the next morning saying to the press, whom he blamed for favoring his opponent…

C.M.O. 2.11.2009

Credit Market Overview During the most of 2006 and the beginning of 2007 the demand for fixed income securities was such that investors were forced out the maturity and credit curves, sometimes simultaneously, to achieve whatever incremental yield they could…

C.M.O. 2.10.2009

Credit Market Overview British Prime Minister Gordon Brown used it last week to describe the global economy but then it was called a slip of the tongue. Now IMF chief Dominique Strauss-Kahn is saying it about the world’s advanced economies:…

C.M.O. 2.9.2009

Credit Market OverviewFrom what has been published it appears that barely 1/5th of the stimulus that Congress passes will be spent in fiscal 2009 and with just 3% of that being anything that you could honestly call stimulus; Rohm Emanuel’s…