I've noticed a few pieces of good news starting to peek through, though still a lot of bad news out there. It makes me think an interesting book I read, called Anatomy of the Bear. Its published by CLSA and...
Gretchen Morgenson's NYT article yesterday offered a good primer about Credit Default Swaps (CDS): Few Americans have heard of credit default swaps, arcane financial instruments invented by Wall Street about a decade ago. But if th... Read Post
Today, the market did not primarily sell off because of Ben Bernanke or the Philadelphia Fed Survey. It sold off because Hurricane Subprime, the credit storm that began to form this summer was upgraded to Category 5 and its path zo.... Read Post
Since its a slow Friday before a 3 day weekend, let's have some fun. As the credit market has gone into the crapper over the past few weeks, gallows humor seems to have gotten the best of investors and traders. This hysterical piec... Read Post