Shares of Goldman Sachs Group Inc. (GS) climbed 4% late Thursday after the U.S. Securities and Exchange Commission announced it intends to make a “significant announcement” at 4:45 p.m. EDT.
Predictions for 2010
December 21, 2009 By Leave a Comment
For anyone interested in risk analytics of the banking system, The Institutional Risk Analyst is a useful resource. Chris Whalen (a regular on my favorite Bloomberg podcasts with Tom Keene) is worth following in particular.
Today, the group released its high level predictions for 2010. They suggest:
- We are officially in a “post real estate boom phase” and shedding exposure is a tactical necessity (Whitney Tilson at T2 Partners argues similar points and is one of smartest investors I know on the subject).
- The US banking industry will continue to shrink but hit its peak loss rates during the upcoming year.
The Emerging Market Take Over
December 20, 2009 By Leave a Comment
It’s coming…
The Emerging Market Take Over
On a purchasing-power parity basis, emerging markets are set to account for more than half of global growth, for the first time ever. Whether ISI has the exact timeframe down to the year is less important than the leadership change.
Of Central Banking and Corporate Balance Sheets
December 19, 2009 By 2 Comments
Tyler (who may or may not be more than one person!) over at Zero Hedge is a very fun blogger to read and can be counted on for sharp observations of interesting technical trends, as well as sarcastic wit. His posts on shadow banking are particularly of note.
Cautionary Observations From A Chronological Analysis Of The S&P 500 Balance Sheet
There was a time when investment decisions had more to do with fundamentals than whether Bernanke would wake up tomorrow and decide it is time to stop the liquidity spigot (arguably, the only thing that matters these days). Indeed, if in the odd chance Bernanke is not reconfirmed by the Senate, the huge drop the market experienced last year when Congress refused to get Paulson’s first TARP version to be shoved down its throat, will seem like a Sunday morning picnic.
Jason Paez (