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…