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U.S. Slump Predictably Spreads

By The Prince ⋅ April 3, 2008 ⋅ Post a comment

3 Apr 2008 - The WSJ’s article last night entitled" U.S. Slump Takes Toll Across Globe" gives a pretty good summarization of how the U.S. slowdown is already spreading to foreign economies. These effects were obviously predictable but the WSJ does do a good job of putting some hard numbers behind how China is getting [...]

Kerviel: The French Apocalypse is Upon Us

By The Prince ⋅ April 3, 2008 ⋅ Post a comment

3 Apr 2008 - From The Deal’s Dealscape: "
If the news had broken on April 1, we would have written it off as a prank, but The Times of London is reporting — two days too late for April Fools’ — that Jérôme Kerviel, the futures trader whose unauthorized trades cost Société Générale SA €5 [...]

Senators Make Housing Folly

By The Prince ⋅ April 2, 2008 ⋅ Post a comment

2 April 2008 - This is going to be a huge mistake. It will be fun to watch this thing cost the tax payer tons of money and have no real effect on improving the economy.

Obama to Paulson: My Two Cents

By The Prince ⋅ March 30, 2008 ⋅ Post a comment

From the WSJ Washington Wire Blog today:
Sen. Barack Obama described the Bush administration’s sweeping changes to financial market regulation as “inadequate” on Saturday.
While noting that he had not yet seen the full proposal, which Treasury Secretary Henry Paulson will unveil on Monday, the Illinois senator said that, based upon news reports, he believed the proposed [...]

Not to Gloat

By The Prince ⋅ March 26, 2008 ⋅ Post a comment

26 March 2008 - Looks like the Prince called Paulson’s move a day in advance. Check out The Prince’s last post and compare its predications to what Paulson said today.

Is this the real price? Is this just fantasy?

By The Prince ⋅ March 25, 2008 ⋅ Post a comment

25 March 2008 - Here in the City has this lovely song to the tune of Bohemian Rhapsody from last week about the credit crisis. It is pretty well done. "So you think you can fund me and spit in my eye? And then margin call me and leave me to die?"

The Prince’s Flipping the Books

By The Prince ⋅ March 14, 2008 ⋅ Post a comment

14 Mar 2008 - Dear loyal subjects, The Prince will be on vacation for the next 9 days in Puerto Vallarta, Mexico. The Prince will be occasionally checking his blackberry. A few posts have been loaded for delayed posting so still stay tuned this week. -The Prince

Fed Announces Moves to Put Band-Aid on Broken Credit Markets

By The Prince ⋅ March 11, 2008 ⋅ Post a comment

11 Mar 2008 - The Fed announced this morning that is was taking more steps to ease the credit crunch. FT Alphaville announces here that "The credit market model is broken and must be fixed.” The Federal Reserve ramped up efforts to provide more relief in a coordinated action with other central banks aimed at [...]

Fed Needs to Buy Agency Mortgage Bonds

By The Prince ⋅ March 10, 2008 ⋅ Post a comment

10 Feb 2008 - In the latest sign of how broken the credit markets are, PIMCO’s Scott Simon is calling for the Federal Reserve to go into the market and purchase agency backed mortgage bonds. To get a sense of how bad things are in the Agencys market take a look at this earlier Bloomberg [...]

Silver Lake’s Fundraising - Cheap Tech Targets?

By The Prince ⋅ March 4, 2008 ⋅ Post a comment

4 Mar 2008 - Silver Lake Partners announced yesterday that it closed its third tech-focused buyout fund with $9.3 billion in committed capital. LBO Wire and peHUB broke the story but Silver Lake has not confirmed it publicly. This fundraising started back in 2006 with $7.5bn target. Silver Lake’s previous fund closed at $3.6bn. Silver [...]

Random Wall Street Quote

You see that building? I bought that building ten years ago. My first real estate deal. Sold it two years later, made an $800,000 profit. It was better than sex. At the time I thought that was all the money in the world. Now it's a day's pay. - Gordon Gekko

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