Levin70

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    • Wed Dec 3rd 16:22 PM
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      Rating: 0 0
      Commented on:
      U.S. Stock Market Returns: What's In Store?
      Shouldn't the dividend yield be taken a step further and compare that against 10 year treasury's also? Where does that put us?
      View article »
    • Tue Dec 2nd 11:54 AM
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      Rating: 0 0
      Commented on:
      Defining Government Expenditure vs. Investment
      And what do we call the cash flows when those investment $ are repatriated? The real scary stuff that no one is talking about is how our gov't officials will use the return $ in 2011, 12 13 etc. The gov't can sit on this paper, which is crap today, and wait 5 years and collect the cash and figure out what the real return is. When these synthetic insturments collect their $ what will the gov't do with the cash - spend it or pay down the debt issued to buy it?

      Kind Regards
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    • Tue Nov 25th 22:01 PM
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      Rating: +1 0
      Commented on:
      Looking Good: Genco in Particular, Shipping in General
      Not one comment on the debt covenants at these companies in this article. Very much amateur hour. Did you even read the debt agreements? There is a real reason that the shippers share prices imploded the last two weeks. They have debt covenants that are more than likely in breach due to asset valuations shrinking in the secondary market for ships. If the banks balk and demand their money, no more common equity. Waivers can be had, but at what price?
      View article »
    • Thu Nov 20th 16:11 PM
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      Rating: +1 -3
      Commented on:
      Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries
      The only problem with your analysis is you don't know what happends to the collateral requirements if BRK looses its AAA rating. If that happends, my guess is just like AIG it must put up collateral. If that happends anytime over the next year, that collateral requirement could cause the liquidity crunch you don't think will happen.

      Kind Regards
      View article »
    • Sat Oct 4th 17:40 PM
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      Rating: 0 0
      Commented on:
      Citi Examines Its Carrots and Sticks
      Felix. I would tend to agree about enforcement, except just last week, the DE courts found specific enforcement the only remedy available in the Hexion case. Its not impossible for the SDNY or the Fed NY courts to find likewise
      View article »
    • Fri Oct 3rd 13:45 PM
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      Rating: 0 0
      Commented on:
      Wells-Wachovia: Good for Everybody but Citi
      Felix. Might be best to let the lawyers of Citi have their say first, as it appears that they have a signed exclusivity agreement. Specific performance is clearly the best option for the courts. Second, if the TARP program passes, the same exact losses will be offloaded to the taxpayers, so, no actually, the taxpayers are no better off.
      View article »
    • Wed Oct 1st 16:51 PM
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      Rating: 0 0
      Commented on:
      Paulson and Bernanke: A Conspiracy of Dunces
      Michael. If you really think you can do better, please put your hat into the ring when the next administration comes looking for its next fed chairman. Lets see how well you do on the hotseat
      View article »
    • Mon Sep 29th 14:13 PM
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      Rating: 0 0
      Commented on:
      Mark to Market Accounting: Kill It Before It Eats Us Alive
      Mark

      Let me take your post down 1 at a time.

      Point 1) FAS 157 would not make the airplane parts wholesaler mark his nose cone down to $1,000. The scrap metal market is not the "market" for the parts wholesaler. In this case, if no bid/ask for sales of nose cones existed outside of scrap metal dealers, than these assets clearly would move to L3 status and the parts wholesaler would be more than welcome to use whatever models were available to him to value his inventory. Also - an airplane parts wholesaler is not dealing in financial assets and liabiltiies and thus FAS 157 has not yet required implementation for non-financial assets and liabilities, so your airplane wholesale part example is plain stupid

      Part 2) For assets that don't trade, L3 status, which may use any myriad of valuation techniques are available. But remember, we are talking about financial assets and liabililities here - you mark your stocks everyday, so banks have to mark their loan portfolios. You seem to have this idea that everything out there is hold to maturity - when in fact almost nothing is held to maturity. If the stuff was held to maturity - why was everything funded with short-term, even so far as repo funing? Hmm?? more to come later
      View article »
    • Tue Sep 16th 22:11 PM
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      Rating: 0 0
      Commented on:
      Why Bail Out AIG's Bondholders?
      felix, what is it about being the senior secured lender don't you understand? From the text of the fed announcement, the gov't is receiving a senior secured pledge of all the parent assets and the stock in the underlying insurance subs. The loan gets repaid first over the next 24 months and the bondholders will get what's left after that. Not only that but the gov't is getting libor plus 850 - not too shabby

      Regards
      View article »
    • Tue Sep 16th 16:56 PM
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      Rating: 0 0
      Commented on:
      The Fed Stands Firm
      as the markets seem to have no memmory from one moment to the next, your call on the dow is possible, but the markets ended 1,000 points higher than estimated (approx 10% higher). Tomorrow will tell.
      View article »
    • Tue Sep 9th 13:04 PM
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      Rating: 0 0
      Commented on:
      Great Shorting Opportunities Ahead in Home Builders, Banks
      "Despite rising mortgage rates"

      Excuse me?

      Care to correct that
      View article »
    • Wed Aug 27th 11:41 AM
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      Rating: 0 0
      Commented on:
      California Home Sales: 43% Year Over Year Increase!
      I think you need to go back to school and do more research. The case schiller index comprises 20 MSA, not 20 cities. Those 20 metropolitan statistical areas comprise over 70% of the total US population. In addition, the case schiller index tracks resales of all homes within those MSA's, not just sales that meet the conforming loan limits. The real story is in-between the number from the case schiller index and the ofheo numbers.

      Regards
      View article »
    • Fri Aug 15th 19:04 PM
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      Rating: 0 0
      Commented on:
      Inflation or Deflation?
      The only comment I would add to what JasonC said above is that while he believes that the FED will wait a year if not more to begin raising rates, I am less inclined to this view and believe the FED will feel obliged to being raisng rates sooner, beginning as early as the last meeting this year, as the markets will interpret the length of low rates in the last period as the root of all that is currently evil and lead the FED higher
      View article »
    • Fri Aug 15th 15:05 PM
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      Rating: 0 0
      Commented on:
      Forget $100 a Barrel - Oil Will Plummet to $30
      Source for my comment above on 1.6% of power generation

      www.eia.doe.gov/cneaf/...

      Regards
      View article »
    • Fri Aug 15th 15:05 PM
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      Rating: 0 0
      Commented on:
      Forget $100 a Barrel - Oil Will Plummet to $30
      Oh yes, one more item to debunk from your article. You claim that oil demand will be hit by the US swtiching to alt energy power plants.

      Obviously, you did absolutely no research on this as you would know that petroleum fuels produce less than 1.6% of all power from power plants in the US. This will have absolutely no effect on the world oil price.
      View article »