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polit2k

Listed below are comments made by polit2k between Tuesday, 21st October 2008 and Friday, 13th November 2009.

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New name for a new economy? 11:02pm on 13 Nov 2009 Finmangled

http://www.artbreak.com/work/show/211110-finmangled-chloegreen
Has the City learned anything? 2:38pm on 14 Jul 2009 Buying a company with its own money (which is what this deal is about) used to be illegal.
Governor snubbed 1:55pm on 08 Jul 2009 Nice to see that you have re-discovered paragraphs.
Another bubble? 4:22pm on 10 Jun 2009 Spend it quickly.

Money just became very cheap in China; their inflation expectations have clearly skyrocketed and it is about to shift from the global lender of last resort to the global consumer of last resort. And as we all know, its consumer expectations of inflation that matter more than the actual expansion of the money supply in an inflationary environment.

http://ultimibarbarorum.com/2009/06/08/spend-it-quickly/
Should the Bank of England buy shares? 5:59pm on 12 Mar 2009 Robert,
Can you write in joined up sentences please? I mean paragraphs so that your thoughts look more organised and considered.

Otherwise, I agree. If companies had more financial strength (aka less leverage) they would not waste so much money on silly wasteful credit insurance.
Thanks
Brown's cautious bank reforms 00:12am on 28 Feb 2009 Talking Shop With a ‘Vulture’ Investor

In the financial industry, there used to be a niche specialty called "distressed investing." Some called these folks vultures, because in the aftermath of a collapse, they would go swooping in to buy up the wreckage on the cheap. That's not much of a specialty anymore — the state of the market means we're pretty much all vultures now. But we thought we could get some perspective by getting in touch with an old friend who is on the front lines — he trades at one of the most established and respected distress funds. Last time we saw him in person, around Thanksgiving, he was talking Apocalypse with a capital A and scaring the crap out of everyone. It was a great holiday. We thought, given how many fabulous buying opportunities people keep saying are out there, his mood would probably have improved by now.

We were wrong.

NYM: How are you doing?
V: Since I saw you last, things have deteriorated more than even I could have imagined. We're invested in virtually all sectors, primarily through debt, so we have pretty good access to management. The color coming from them is mind-bogglingly awful. We need to flush all the banks and start again. I told my wife I'm putting gold bars and shotguns under our bed.
NYM: Can we take refuge with you, if it comes to that?
V: You're more than welcome. We have thick walls and a high perch from which to pick off the marauding throngs.
NYM: What's the least-bad news you've heard recently?
V: The only thing anyone on the desk can come up with is the fact that there have been a number of high-grade non-financials who have been able to raise debt in the market. That's it. GDP is going to be down 10 percent this quarter, is my guess.
NYM: Give me the bad news then.

more: http://nymag.com/daily/intel/2009/02/we_are_all_vultures_now.html
Insurance that worsens crunch 06:14am on 12 Jan 2009 Is this type of insurance something new? In 30 years of running businesses in the UK I don't recall anyone asking for it from me. No-one had the cheek to ask, perhaps, knowing what my answer would be?
Barclays protects its bankers' pay 11:23am on 31 Oct 2008 It is inevitable that commercial and investment banking activities will have to be separated once again in both London and New York.

Barclays will have chose which one to be. Expect the commercial banking part to be sold off / nationalised and the investment bank part to be heavily regulated.

In this process the weakness of the true state of their balance sheet will be revealed. The shareholders will take a beating.

If one or the other fails they will not get bailed out.
How will the Chancellor repay debt? 1:22pm on 30 Oct 2008 A securities transactions tax, harmonized internationally, to raise revenue in a way that satisfies the public's understandable feeling that the financial sector, which created this financial crisis, should not benefit from the solution.

http://www.nakedcapitalism.com/2008/10/managing-down-bretton-woods.html
Palin disaster, Powell endorsement 12:41pm on 21 Oct 2008 “Yes, Virginia” the South is a-changing...
...but there’s a special reason why Northern Virginia is hopping mad!

http://davidbrin.blogspot.com/2008/10/yes-virginia-south-is-changing.html

An excellent read.

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