BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for November 2010

"Credit-default swaps protecting against losses on Bank of America bonds jumped to the highest level since July 2009."

Posted by J.M. Hamilton Blog at 11/30/2010 9:32 PM | Add Comment

“I told the president I think spending more time will help us find some common ground,” Mr. Boehner said.

Posted by J.M. Hamilton Blog at 11/30/2010 9:20 PM | Add Comment

"It's clear that markets are concluding that there's not enough money in the Brussels [the seat of the EU] rescue fund if Spain and then Italy come seriously under the gun…as [credit default swap] spreads suggest they will."

Posted by J.M. Hamilton Blog at 11/30/2010 7:53 PM | Add Comment

In a statement, Google said it had strived to “do the right thing by our users and our industry.”

Posted by J.M. Hamilton Blog at 11/30/2010 7:31 PM | Add Comment

"He (Mr. Ahmadinejad) also publicly acknowledged, apparently for the first time, that the country’s nuclear program had been disrupted recently by malicious computer software that attacked its centrifuges."

Posted by J.M. Hamilton Blog at 11/30/2010 6:49 AM | Add Comment

“It’s a kick-the-can-down- the-road solution as opposed to acknowledging and confronting the here-and-now insolvency problems.”

Posted by J.M. Hamilton Blog at 11/29/2010 7:43 PM | Add Comment

"Talks with TPG Capital collapsed after the private equity firm wasn’t able to find other partners to raise enough equity financing for the deal..."

Posted by J.M. Hamilton Blog at 11/29/2010 7:42 PM

“The hard truth is that getting this deficit under control is going to require some broad sacrifice and that sacrifice must be shared by employees of the federal government.”

Posted by J.M. Hamilton Blog at 11/29/2010 7:35 PM

"The missile intelligence also suggests far deeper military — and perhaps nuclear — cooperation between North Korea and Iran than was previously known."

Posted by J.M. Hamilton Blog at 11/29/2010 7:24 PM | Add Comment

“'Humint' is spy-world jargon for human intelligence collection."

Posted by J.M. Hamilton Blog at 11/29/2010 7:22 PM

"Saudi donors remain the chief financiers of Sunni militant groups like Al Qaeda..."

Posted by J.M. Hamilton Blog at 11/29/2010 6:57 AM | Add Comment

"The (Defense) Department has undertaken a series of actions to prevent such incidents from occurring in the future."

Posted by J.M. Hamilton Blog at 11/28/2010 3:25 PM | Add Comment

"Ireland would be worth saving, except that the government rashly guaranteed Irish banks' deposits, borrowings and loans. It turned out the mess was greater than the Irish government's assets."

Posted by J.M. Hamilton Blog at 11/28/2010 9:39 AM | Add Comment

“Everything’s collapsing.”

Posted by J.M. Hamilton Blog at 11/28/2010 9:32 AM | Add Comment

"China warned against 'any military act' in its exclusive economic zone without permission, according to the state-run Xinhua news agency."

Posted by J.M. Hamilton Blog at 11/28/2010 9:22 AM | Add Comment

His (Rep. Issa) goal as chairman, he said in a recent speech, is to “focus on places where money can be saved, where we can literally close agencies or subagencies or programs.”

Posted by J.M. Hamilton Blog at 11/28/2010 9:19 AM | Add Comment

TSA

Posted by J.M. Hamilton Blog at 11/27/2010 2:43 PM | Add Comment

"Maybe it's because people keep writing obituaries for malls because of the supposed death of department stores and the growth of big-box retailers."

Posted by J.M. Hamilton Blog at 11/27/2010 2:34 PM | Add Comment

"We aren't giving away any secrets (so the suddenly vigilant SEC can relax) when we say that what has kept the market from a more realistic appraisal of the economy is the impressive strength in corporate profits."

Posted by J.M. Hamilton Blog at 11/27/2010 2:23 PM | Add Comment

"Reid hasn't scheduled any action on taxes yet, which is worrisome."

Posted by J.M. Hamilton Blog at 11/27/2010 2:02 PM | Add Comment

“The highest authorities are beginning to look like the dear departed, of whom one says good things or nothing at all.”

Posted by J.M. Hamilton Blog at 11/27/2010 11:30 AM | Add Comment

“This is fairly sophisticated construction,” Mr. Unzueta said. “There is a lighting system throughout, a ventilation system.”

Posted by J.M. Hamilton Blog at 11/27/2010 10:31 AM

"... is a response to the latest eruption of gang violence, which began Sunday, as well as an effort by the Brazilian authorities to show that they can secure the city well in advance of the 2014 World Cup and 2016 Olympic Games."

Posted by J.M. Hamilton Blog at 11/27/2010 10:14 AM | View Comments (17) | Add Comment

Another Country Suffers so Banks Can be Bailed Out, Yet Again and Again...

Posted by J.M. Hamilton Blog at 11/25/2010 9:59 AM | Add Comment

"Over all, the results of the September election indicated that the 249-seat lower house of Parliament would be dominated by warlords and other power brokers."

Posted by J.M. Hamilton Blog at 11/25/2010 9:53 AM | Add Comment

"For that reason, Netflix is increasingly viewed as a threat by cable companies and movie studios..."

Posted by J.M. Hamilton Blog at 11/25/2010 9:50 AM | Add Comment

“It’s a miscarriage of justice. I still maintain my innocence. The criminalization of politics undermines our very system.”

Posted by J.M. Hamilton Blog at 11/25/2010 9:46 AM | Add Comment

“Neither the subpoena nor any other information of which we are aware suggests that anyone at SAC has engaged in any wrongdoing.”

Posted by J.M. Hamilton Blog at 11/24/2010 10:30 AM | Add Comment

"Servicers (Banks) generate significant servicing and late fees throughout the delinquency and foreclosure process."

Posted by J.M. Hamilton Blog at 11/24/2010 7:45 AM | Add Comment

"Since 2005, at least the top five retail apparel deals in the U.S. have been done by private-equity firms..."

Posted by J.M. Hamilton Blog at 11/23/2010 6:01 PM | Add Comment

“The markets currently have virtually zero confidence that the bailout in Ireland will solve the European crisis”

Posted by J.M. Hamilton Blog at 11/23/2010 5:48 PM | Add Comment

"Mr. Bernanke, who unlike Mr. Greenspan shuns the Washington social circuit, lacks close ties to conservative Republicans, even though he was first appointed by President George W. Bush and served briefly as his top economic adviser."

Posted by J.M. Hamilton Blog at 11/23/2010 9:19 AM | Add Comment

"This aggressive government tactic is part of a broader investigation of insider trading...."

Posted by J.M. Hamilton Blog at 11/23/2010 9:07 AM | Add Comment

“It is not responsible, and I could not recommend to the president in good conscience, that we go out and borrow $700 billion to make those high-end tax cuts permanent.”

Posted by J.M. Hamilton Blog at 11/22/2010 9:57 PM | Add Comment

“Prices for everything are rising every day -- no exception.”

Posted by J.M. Hamilton Blog at 11/22/2010 9:53 PM | Add Comment

"Authorities say the criminal and civil investigations could eclipse the impact on the financial industry of any previous such probes."

Posted by J.M. Hamilton Blog at 11/22/2010 11:20 AM | Add Comment

“E.U. officials may have won the battle,” Mr. Potts said, “but the war is still to be fought.”

Posted by J.M. Hamilton Blog at 11/22/2010 7:38 AM | Add Comment

"He (Buffett) said the government's decision to buy up assets many investors considered to be toxic had helped pull back the economy from the brink of collapse."

Posted by J.M. Hamilton Blog at 11/21/2010 9:50 AM | Add Comment

IMF Managing Director Dominique Strauss-Kahn said Europe is moving “too slowly” to resolve the sovereign debt crisis that began in Greece.

Posted by J.M. Hamilton Blog at 11/21/2010 9:39 AM

"Political pilots ought to remind Capt. Bernanke that hell hath no fury like a politician about to face the constituency."

Posted by J.M. Hamilton Blog at 11/21/2010 9:28 AM | Add Comment

"Yields on long-term munis have jumped by as much as a percentage point since the end of October..."

Posted by J.M. Hamilton Blog at 11/21/2010 9:22 AM | Add Comment

"The banks had created such a fee-rich securities sausage factory during the middle of the current decade that the ingredients going into their products were of little concern."

Posted by J.M. Hamilton Blog at 11/21/2010 7:48 AM | Add Comment

"Waiting in the wings are Portugal, Spain and that old reliable, Greece, to which artificial respiration has been administered more than once, but it still isn't in the clear."

Posted by J.M. Hamilton Blog at 11/21/2010 7:24 AM | Add Comment

"...Banks are sitting on $1 trillion in excess reserves, and businesses are hoarding $1.8 trillion in cash, he notes."

Posted by J.M. Hamilton Blog at 11/21/2010 7:01 AM | Add Comment

"Mr. Cowen is facing stiff political pressure from opposing parties who say that his decision in 2008 to guarantee bank liabilities jeopardized the country’s fiscal future."

Posted by J.M. Hamilton Blog at 11/21/2010 6:50 AM | Add Comment

"Lobbyists and industry groups are bearing down on the Federal Trade Commission and the Justice Department, which enforce the antitrust laws..."

Posted by J.M. Hamilton Blog at 11/21/2010 6:36 AM | Add Comment

"China has been hesitant to cut off trade or fuel to the North, and it appears determined to support its longtime, if difficult, ally during its succession process."

Posted by J.M. Hamilton Blog at 11/21/2010 6:30 AM | Add Comment

"Criticism of the Fed's program to purchase an additional $600 billion of Treasury has been withering and has come from many and hugely disparate quarters..."

Posted by J.M. Hamilton Blog at 11/20/2010 6:39 AM

“The current view seems to be if Ireland accepts bailout funds, at least for the banking sector, that might help fend off any move by the bond vigilantes to move onto Portugal.”

Posted by J.M. Hamilton Blog at 11/20/2010 6:36 AM

“It is very important to keep politics out of monetary policy,” Geithner said in an interview airing on Bloomberg Television. “You want to be very careful not to take steps that hurt our credibility.”

Posted by J.M. Hamilton Blog at 11/20/2010 6:21 AM | Add Comment

Rattner Versus Cuomo...

Posted by J.M. Hamilton Blog at 11/19/2010 6:42 AM

"So when Iran reported earlier this year that it was battling the Stuxnet worm, many experts immediately suspected that it was a state-sponsored cyberattack."

Posted by J.M. Hamilton Blog at 11/19/2010 6:42 AM | Add Comment

Rattner Versus Cuomo...

Posted by J.M. Hamilton Blog at 11/19/2010 6:38 AM | Add Comment

"Which makes Stein wonder why the Fed didn't simply ease household debts in QE2 instead of buying Treasuries, say purchase 5% of the $10 trillion mortgage debt outstanding."

Posted by J.M. Hamilton Blog at 11/18/2010 9:53 PM | Add Comment

"Fed Governor Elizabeth Duke told the house hearing that upcoming stress tests of the 19 largest U.S. banks would include estimates of the putback liability."

Posted by J.M. Hamilton Blog at 11/18/2010 9:48 PM | Add Comment

Private Equity Feud!

Posted by J.M. Hamilton Blog at 11/18/2010 9:40 PM | Add Comment

"China’s broadly measured money supply has surged in the last two years, soaring 54 percent as its central bank has supported the export economy by intervening in currency markets to keep the renminbi artificially low."

Posted by J.M. Hamilton Blog at 11/18/2010 9:30 PM | Add Comment

"hyperprofits off the poor”

Posted by J.M. Hamilton Blog at 11/18/2010 6:49 AM | Add Comment

The chart below illustrates the comparative performance of World Markets since March 9, 2009. dshort.com

Posted by J.M. Hamilton Blog at 11/17/2010 8:17 PM | Add Comment

“get out of liability free” card for robo signing banks...

Posted by J.M. Hamilton Blog at 11/17/2010 8:12 PM | Add Comment

ANOTHER BANK BAILOUT! "We work very hard with our regulators to come to the right answer and we hope to do that quickly as well."

Posted by J.M. Hamilton Blog at 11/17/2010 8:02 PM | Add Comment

"The move prompted a political backlash among Republicans."

Posted by J.M. Hamilton Blog at 11/17/2010 7:58 PM | Add Comment

"He cited potential demands for refunds from investors who bought faulty mortgages, which could run into billions of dollars for the biggest home lenders."

Posted by J.M. Hamilton Blog at 11/17/2010 7:44 PM | Add Comment

"The Treasury, which is taking a loss on its portion of the sale, will break even only if the shares climb more than 60 percent, Bloomberg data shows."

Posted by J.M. Hamilton Blog at 11/17/2010 7:39 PM | Add Comment

“We need to reinvigorate the authorization process. The problem with earmarking is you do very little authorizing, a lot of appropriating and very little oversight.”

Posted by J.M. Hamilton Blog at 11/17/2010 6:55 AM | Add Comment

"United States monetary policy has already caused the dollar to drop in value this year against most other major currencies. But the dollar’s value has fallen only modestly against the renminbi."

Posted by J.M. Hamilton Blog at 11/17/2010 6:49 AM | Add Comment

The company expects costs tied to resolving loan disputes averaging $500 million each quarter for “the next couple of years or so.”

Posted by J.M. Hamilton Blog at 11/16/2010 8:23 PM | Add Comment

"Paulson, whose bets against the mortgage market in 2007 likewise netted his firm, Paulson & Co., billions, unloaded about 30 million of his 168 million Bank of America shares and 83 million of his 507 million Citigroup shares in the quarter."

Posted by J.M. Hamilton Blog at 11/16/2010 8:18 PM | Add Comment

"The bond markets have been increasingly uneasy about the Fed’s actions. On Monday, bond prices fell and yields jumped as a result of the concerns."

Posted by J.M. Hamilton Blog at 11/16/2010 6:29 AM | Add Comment

"In Ireland, banking troubles lie at the root of what many in Europe are now calling a solvency crisis..."

Posted by J.M. Hamilton Blog at 11/16/2010 6:25 AM | Add Comment

“The net export effect is going to be positive, but it won’t be the driver of jobs.”

Posted by J.M. Hamilton Blog at 11/15/2010 8:00 PM | Add Comment

Bancor: A New International Currency?

Posted by J.M. Hamilton Blog at 11/15/2010 7:55 PM | Add Comment

“There is a risk of a self-fulfilling prophecy.”

Posted by J.M. Hamilton Blog at 11/15/2010 7:27 AM | Add Comment

"In many respects, the concept follows the precedent set in Iraq, where a similar troop surge and strategy shift under President George W. Bush..."

Posted by J.M. Hamilton Blog at 11/15/2010 7:21 AM

The Federal Reserve's actions are "likely to push prices upwards."

Posted by J.M. Hamilton Blog at 11/14/2010 8:08 AM | Add Comment

"TARP being over is spin."

Posted by J.M. Hamilton Blog at 11/14/2010 8:03 AM | Add Comment

"Gerrymandering will be the big political story of 2011..."

Posted by J.M. Hamilton Blog at 11/14/2010 7:54 AM | Add Comment

"Friday's pullback in risky assets—including a 5.2% drubbing of Chinese stocks, their worst in 14 months, and a 3.3% drop in crude-oil prices—was blamed on the escalating likelihood that China must soon raise interest rates to fight inflation."

Posted by J.M. Hamilton Blog at 11/14/2010 7:45 AM | Add Comment

Private Equity's Harrah's: "IPOs from private-equity sponsors haven't been well received this year because investors are wary of debt-heavy companies."

Posted by J.M. Hamilton Blog at 11/14/2010 7:31 AM | Add Comment

"Now Mr. Coats, a Republican from Indiana, is about to make a striking transition. He is spinning the revolving door backward."

Posted by J.M. Hamilton Blog at 11/14/2010 7:29 AM

“They’re using litigation to threaten low- and middle-income countries.”

Posted by J.M. Hamilton Blog at 11/14/2010 7:23 AM | Add Comment

US-Sino Currency Rap Battle

Posted by J.M. Hamilton Blog at 11/13/2010 10:17 AM | Add Comment

"Housing is still very much in the dumps, and we have trouble envisioning anything resembling a robust rebound in the economy until housing turns the corner, which at the moment there's no indication of it doing."

Posted by J.M. Hamilton Blog at 11/13/2010 9:50 AM | Add Comment

"The larger point, McKenna says, is that no politician is going to risk bringing the matter (Carbon Regs) up for debate again."

Posted by J.M. Hamilton Blog at 11/13/2010 9:46 AM | Add Comment

"Cash flows can be invested in steadily higher yielding bonds and boost the income from a fixed-income portfolio."

Posted by J.M. Hamilton Blog at 11/13/2010 7:53 AM | Add Comment

“It is undervalued. And China spends enormous amounts of money intervening in the market to keep it undervalued.”

Posted by J.M. Hamilton Blog at 11/13/2010 7:46 AM | Add Comment

‘Friendly Manitoba’

Posted by J.M. Hamilton Blog at 11/13/2010 7:39 AM | Add Comment

Power Abhors a Vacuum...

Posted by J.M. Hamilton Blog at 11/13/2010 7:35 AM | Add Comment

“They just basically said forget about it.”

Posted by J.M. Hamilton Blog at 11/13/2010 7:33 AM | Add Comment

"...human rights activists say confinements in (China's) mental hospitals appear to be on the rise because the local authorities are under intense pressure to nip social unrest in the bud..."

Posted by J.M. Hamilton Blog at 11/12/2010 2:21 PM | Add Comment

"Dallas Fed President Richard Fisher suggested this week that a bubble is already forming in private equity."

Posted by J.M. Hamilton Blog at 11/12/2010 2:14 PM | Add Comment

"Repeal reform? No thanks, say health insurers, drugmakers and others looking for a clearer picture of the U.S. healthcare market after the bruising passage of the controversial overhaul law."

Posted by J.M. Hamilton Blog at 11/12/2010 2:11 PM | Add Comment

"By kicking the can down the road, the underlying problems have not been dealt with."

Posted by J.M. Hamilton Blog at 11/11/2010 7:58 PM | Add Comment

Buffett, chairman of Omaha, Nebraska-based Berkshire, said last month he avoids acquiring companies from LBO firms because they focus on “exit strategy” and “don’t know the business.”

Posted by J.M. Hamilton Blog at 11/11/2010 7:49 PM | Add Comment

"Public health officials hope that the new labels will re-energize the nation’s antismoking efforts..."

Posted by J.M. Hamilton Blog at 11/11/2010 7:45 PM | Add Comment

FDA WARNING!

Posted by J.M. Hamilton Blog at 11/11/2010 7:41 PM | Add Comment

"The officials acknowledged that the 2014 date was based on the presumption that the American military would be successful enough in fighting the Taliban that significant withdrawals would be under way by then."

Posted by J.M. Hamilton Blog at 11/11/2010 1:08 AM | Add Comment

“This country’s out of money and we better start thinking.”

Posted by J.M. Hamilton Blog at 11/10/2010 7:13 PM | Add Comment

"Or maybe potential buyers of an HCA IPO might be wary to buy what KKR and Bain were eager to sell."

Posted by J.M. Hamilton Blog at 11/10/2010 7:07 PM | Add Comment

"...the C-word — Containment..."

Posted by J.M. Hamilton Blog at 11/10/2010 7:01 AM | Add Comment

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