tag:blogger.com,1999:blog-6616959642391988608.post228312872327666855..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Credit spread updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6616959642391988608.post-39338692249326467822010-08-26T06:21:33.726-07:002010-08-26T06:21:33.726-07:00John,
I do hope you continue to comment on this b...John,<br /><br />I do hope you continue to comment on this blog. You have no idea how many times over the past year you have provided helpful insight and comfort to me on economic issues. Please ignore those who like to garner attention through bad manners.Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-35018769514498774532010-08-26T03:13:33.438-07:002010-08-26T03:13:33.438-07:00I find it encouraging that despite very bearish ne...I find it encouraging that despite very bearish news today (housing and durable goods), the market turned positive and ended positive for the session.<br /><br />Of course, one session doesn't make or break a cycle, but today speaks volumes IMHO.Cabodoghttps://www.blogger.com/profile/08299113185481067179noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10168189797937149872010-08-25T15:57:42.496-07:002010-08-25T15:57:42.496-07:00Marmico,
First, I choose not to plagerize. I give...Marmico,<br /><br />First, I choose not to plagerize. I give credit to the work of others. <br /><br />Second, what I pay for is none of your business. <br /><br />Third, I post where I live. I notice that you do not. I could comment further on that but I was taught manners. <br /><br />Fourth, I can take criticism as well as anyone but I won't tolerate rude insults 'funnin' or not. Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23204118186532180712010-08-25T15:29:34.472-07:002010-08-25T15:29:34.472-07:00John,
The global financial system is insolvent. T...John,<br /><br />The global financial system is insolvent. This trumps anything US corporations can do to stem the tide. Bank swap rates are essentially government backed liabilities. You will not see stress in this market unless the Fed says they are walking away like they did to Lehman. Ain't gonna happen.<br /><br />Benji, Fed QE2 bonanza is almost guaranteed and if Scott thinks the Fed isPublic Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75285489409142970982010-08-25T14:35:21.434-07:002010-08-25T14:35:21.434-07:00It appears there is little in the credit spreads t...It appears there is little in the credit spreads that would indicate the economy is 'rolling over' as many bears are opining. <br /><br />I indicated the other day to Public Library that I thought the equity markets were 'irrational' and that there exists real value for those willing to accept some volatility in exchange for an ususual return. As Keynes famously said, "Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62891425114064910752010-08-25T13:19:19.709-07:002010-08-25T13:19:19.709-07:00OT again, but turn to page C11 of the WSJ today, r...OT again, but turn to page C11 of the WSJ today, re falling prices prompt large commercial property owners to "turn over the keys."<br /><br />Buried in the story is the figure that $1.4 trillion in commercial r/e loans are underwater, and coming due by 2014.<br /><br />So, all those loans get turned over to banks, and we have another financial 9/11 on our hands. <br /><br />Of course, Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61973670241976631682010-08-25T11:40:40.353-07:002010-08-25T11:40:40.353-07:00OT, but possible good news for SG.
"Joe Mill...OT, but possible good news for SG.<br /><br />"Joe Miller poised to take Senate seat from Alaska's Lisa Murkowski<br /> <br />By Philip Rucker and Karen Tumulty<br />Washington Post Staff Writers <br />Wednesday, August 25, 2010; 1:40 PM <br /><br />The 43-year-old bearded Alaskan who shocked the political world overnight by pulling ahead of Sen. Lisa Murkowski in the state's Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com