Markets were down big yesterday on news that HSBC was taking $45 billion worth of mortgage backed securities from some of its SIVs onto its balance sheet and speculation that other banks, like Citigroup, might have to do the same….
A slowing rate of job loss isn’t the same thing as job growth. – James Picerno, “Still Hoping….”, The Capital Spectator, May 8 Stocks gapped up this morning on a better than expected April Jobs Report. Non-farm payrolls declined by 539,000…
Jon Sindreu wrote a very interesting article for the WSJ’s Heard On The Street section this morning (“Don’t Call AI Craze A Bubble” [SUBSCRIPTION REQUIRED]). Sindreu wants to make a distinction between the current market – in which blue chip…
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You know Wall Street couldn’t go more than a few weeks without obsessing about the Fed and if there is going to be a rate cut this year or not. I swear to God…… The immediate cause is today’s April…
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