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May 2012

Recs

13

Run on Greek Banks - black swan?

May 16, 2012 – Comments (9) | RELATED TICKERS: NBG

Well, well, well - it looks like we have a good, old-fashioned bank run on our hands. According to http://www.bloomberg.com/news/2012-05-15/greek-president-told-banks-anxious-as-deposits-pulled.html, fearful depositors have yanked out '700 million euros ($891 million)'.   [more]

Recs

7

We need a new banking model; 3-6-3 rule redux

May 15, 2012 – Comments (1)

When I was wee lass, banking went like this: the S & L on the corner would pay 3% on savings accounts, lend it out at 6% for home mortgages, and the bank guy would be on the golf course by 3 o'clock (hence, '3-6-3 rule'). Very predictable, very staid, very boring, very reliable, and modestly profitable: there were no such things as derivatives, and the bank held the paper until it matured.   [more]

Recs

6

I am tired of hearing about Dimond, the London Whale, JPM, ad nauseum

May 15, 2012 – Comments (3) | RELATED TICKERS: JPM

The unfortunate derivatives trading of one person, costing JPM a cool $2b+, has given anyone who knows what a keyboard is carte blanche to proselytize, demonize, moralize, scold, lecture, and preach. Can we give it a rest, already?  [more]

Recs

3

Bond Fund/ETF – you gotta know about duration

May 11, 2012 – Comments (0) | RELATED TICKERS: VWEHX , PRRIX , PTTRX

I was researching a couple of Bill Gross' bond funds, and this along with a Vanguard fund I once owned, I came up with the following:   [more]

Recs

2

chinese solar companies will never go bankrupt

May 03, 2012 – Comments (1) | RELATED TICKERS: SPWR , FSLR

I was reading a newswire story about chinese steel companies:  [more]

Recs

3

Palace Coup in the Middle Kingdom?!?

May 03, 2012 – Comments (0) | RELATED TICKERS: AAPL , GM , MCD

Before you Fools form a line around the block to give your retirement $$$ to the largest of the BRIC countries, I wish to tell you a story.  [more]

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