Tuesday, April 16, 2013

Is China's anti-corruption campaign responsible for global commodities sell-off?

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Commodities came under severe pressure yesterday, in part driven by some negative news out of China, the world's largest single consum...
Sunday, April 14, 2013

Canadian households may face more deleveraging

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Some recent data out of Canada points to a slowdown in growth of consumer indebtedness. According to RBC, the non-mortgage consumer debt h...

Declining dry powder of LBO funds

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The private equity industry's capacity for leveraged buyouts continues to decline. Here are some reasons for this trend: Monetizatio...
Friday, April 12, 2013

Corporate CDS tightens to multi-year lows; bonds lag

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US corporate CDS are tightening to new lows, as the Fed continues to pump liquidity into the market. The JPMorgan CDX indices which measur...

The recent bet on US retail could be premature

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Among the bets that may end up backfiring later this year is the recent bet by investors on US retail shares. Just this year the S&P R...
Thursday, April 11, 2013

US government's bearish crude oil forecast

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In spite of the Fed's ongoing monetary expansion, the US Department of Energy is projecting a moderate decline in crude prices over th...
Wednesday, April 10, 2013

ABS meets EBay - the disintermediation of consumer finance

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Can unsecured consumer lending be disintermediated? At least one fairly successful company thinks it can - as long as you get large groups...
Tuesday, April 9, 2013

Taking QE to a whole new level

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The Bank of Japan is taking the concept of quantitative easing to a whole new level. Unlike the Fed who is only focused on treasuries and ...