Open Thread
Need a Hand?
Your Next Project Starts with BrownstonerMost Recent Articles
Need a Hand?
Your Next Project Starts with Brownstoner
Hey, I’ve got a question for all you finance gurus…
I heard about GM’s possible bankruptcy because only like 30% of their bond holders would agree to trade the bonds for company stock. If GM files for bankruptcy protection, what happens to the bond holders’ money?
M4L, 🙂
I’m actually a bit busy at The Death Star and took the easy way out, using dictionary.com. I should have stuck with my usual Merriam-Webster Online.
Good morning Biff! I know Peter Shciff very well, he is in Charge of Pacific Euro Capital and wrote the book “Crash Proof” but his fund lost 27% in the ’08 meltdown. Why you ask?? He dranked the Kool-Aid and smoked the crack!
The problem now is risk and inflation expectations. There was a heavy sell off in the long end Bond Market and The Fed can do nothing about it.
Fed Not Setting Rates in Credit Markets: Sources
http://www.cnbc.com/id/30995478
The recent surge in interest and mortgage rates is not down to the Federal Reserve’s purchases of Treasury and mortgage assets, sources familiar with the thinking of Fed officials told CNBC.
Yesterday the 10 yr Treasury rebounded because the Jagoffs was front running more purchases by The FED
The $1.2 trillion in mortgage assets and $200 billion in Treasurys bought by the Fed in an attempt to backstop the troubled credit market were not designed to impact rates, the sources said.
Very soon you will see a Bond Market dislocation that will send rates to the moon! People laughed at me because I predicted 15% rates are coming! I wonder how much “equity” is in your Brownstone???
The What (Come on Dave)
Someday this war is gonna end…
Biff, if you’re going to post definitions, please be thorough. M4L is now here! You will need to post definitions for:
– abounding
– brambles
– vexations
– predicament
– jackass
court all day?!!!!!!!! man, they’re making you work for the paycheck. was thinking it would be a cushy corporate gig writing / reviewing contracts in windowed office
Biff, your vocabulary definition is sub-par vs. BRG’s. Her version provides origin, word used in sample sentences,… but appreciate the looking out.
Thanks Arkady!
M4L, you get a tiara for your efforts 🙂 I don’t know about occasional posts…its hard to post on a blog when you are in court all day! I may have to get a crackberry to sneak a peek at the OT during the day 🙂 I don’t know about the June gathering…I’ll have to wait and see.
Thanks DeLepp 🙂
snappy, like to note that I was 1st to congrat you last night (do I get a crown or something for that?). you anticipate being super busy that you can even do an ocassional post on here during the work hours? as is my current routine, this good news doesn’t mean you wont come to the june gathering right?