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Commentary
GM At An Inflexion Point, CDS isn’t so bad
Bloomberg: General Motors Says It May Run Out of Operating Cash This Year General Motors Corp., seeking U.S. aid to avoid collapse, said it may not have enough ...
Economy
WTF: Business World on RBI
Business World has an article on the RBI: “Lost in Minutiae“. I find glaring inconsistencies in the article, like: The latest measures of the ...
Stocks
ICICI CDS at 934 bps
Credit Default Swaps on ICICI are trading at 934 bps, according to Markit. Credit default swaps are basically insurance against defaults. What the 934 means is ...
Commentary
Markit ABX indices still at or near all time lows
Increasing liquidity (TED spread at 2!) hasn’t helped subprime prices it seems. The Markit ABX prices, for 07-2 AAA (The AAA tranche of home equity ABS ...
Commentary
Three Iceland banks CDS auctions completed, exposure > Lehman
Three auctions for Credit Default Swaps of the three Icelandic banks that failed (Glitnir, Landsbanki and Kaupthing) have been completed today. (CDS is ...
Commentary
Obama and Market News
First, since everyone already knows, let me be one of the last to congratulate Obama on a thumping victory over McCain. Obama inherits a horrendously bad ...
Commentary
Reading: RBI messes up Dollar/Rupee
S. Gurumurthy: Dollar on escalator and rupee on ventilator In the four years from 2002-03 to 2005-06 the RBI had purchased $75 billion. When it was buying ...
Stocks
Short Only Strategy: Expiry and Nifty Short
I have been on a holiday so haven’t updated the SoS. Here’s the status, with positions on ICICI and a Nifty call expired. No rollovers, and now I ...
Economy
Interest Rates Drop, SLR lowered and more
RBI has announced a 1% drop in Cash Reserve Ratio (% of deposits that get deposited in RBI) and a 1% drop in the Statutory Liquidity Ratio (% of deposits in ...
General