Disqus - Latest Comments for But

Re: Russia Buys the Supercomputer BlueGene/P from IBM

But — Sun, 27 Jan 2008 20:54:40 -0000

Should be some new munitions coming out of Moscow soon.

Re: Nintendo DS Limited Edition Pink Ribbon

But — Tue, 02 Dec 2008 18:01:06 -0000

buzz? :)

Re: Pequot Shutting Down, Insider Trading Implicated

But — Wed, 27 May 2009 17:51:47 -0000

Dearly departed Greg Newton at Naked Shorts ably covered an SEC investigation of activities by Pequot and Mack of MS, and an SEC lawyer fired after pushing to subpoena Mack. Pequot's troubles may relate to that investigation.

http://nakedshorts.typepad.com/nakedshorts/2007...

http://nakedshorts.typepad.com/nakedshorts/laff...

Re: Saturday Readings

But — Sat, 30 May 2009 22:01:09 -0000

Tyler,

You posted a video from the Milken Institute called "Credit Markets", where Michael Milken articulated the theory that we're in the middle of a reflationary upswing that'll lead to junk bonds delivering returns like in the 70's, and defaults turned out far lower than anticipated (he mentioned "1%" of an unspecified category of debt). Milken's position seems overly optimistic because companies are a lot more levered now, a higher percentage of levered companies are in industries with excess capacity that needs to be liquidated, creditors have weaker covenants to protect them, etc. You think Milken has gone soft like Buffett, and is playing cheerleader? Or you think Milken is on to something?

Re: Ben Bernanke Back Into The Populist Spotlight

But — Fri, 10 Jul 2009 16:31:14 -0000

If people want to make a difference they should contribute a couple bucks to the campaign of every politcian that (i) voted against the bailout, (ii) supports bills to audit the Fed, or (iii) sponsors bills bracket banks don't like, such as Harkin's proposal to require all derivatives to be exchange traded or the house republicans plan to resolve troubled financial institutions in bankruptcy.

If you get 10 million each people chipping in a couple bucks (much less $50 or $100), we can swamp the corporate contributions to politicians and really affect things.

Re: THORNBERG: HOUSING TO REMAIN DEPRESSED

But — Sat, 30 May 2009 21:49:56 -0000

Given that that's a 15 month supply of condo inventory and (taking into account shadow inventory) a 20 month supply in houses, I can't see nominal prices bottoming until late 2010 or early 2011.

Unless Obama adopted some extreme tactics, like giving foreigners citizenship if they buy a house as a residence, and demolishing a large amount of houses, and giving grants to US military vets, coast guard vets, and peace corp vets covering 20% of purchase price for a house.