All About Resets in Housing as Numbers Get Worse

When I saw the new numbers from S&P’s S&P/Case-Shiller home price index yesterday I wasn’t all that surprised.  I suspect my readers were not surprised either.  For those that are not familiar, the Case-Shiller Index is a closely followed metric of U.S. home prices (See a PDF summary of the report).  It shows that prices [...]

Money Never Sleeps Pal

For those of you that are not obsessed or those that are about to become obsessed with the movie Wall Street I have some good news.  The Prince knows that this story came out last May but he can’t let it pass by without a comment.  They are making a sequel to Wall Street and [...]

Wall Street’s Short Memory on Private Equity

When the leveraged loan credit markets seized up this summer many Wall Street banks were stuck holding the bag on financing commitments they had made to Private Equity firms for LBOs.  The Street couldn’t sell the paper so they had to take the loans down onto their own balance sheets and write the bridges themselves.  [...]

Trading Tour: UBS Trading Floor in Stamford is Gigantic

With 1,400 seats, 2,000 computers and 5,000 monitors, the UBS trading floor is noted by the Guinness Book of World Records as the largest single trading floor in the world.  The floor is home to traders, sales traders, quants, technology support, executives and others among its various groups, which include fixed income, commodities, currencies, money [...]

CDO Credit: Twas the Night Before Christmas 2006

This was created by an MD at Duetsche Bank who works on the ABS/CDO trading desk a couple of weeks ago and has been zipping around Wall Street.  I love it.

At: 12/06  7:55:54

Twas The Night Before Christmas 2006
Twas the [...]

God I Love Wall Street

"The richest one percent of this country owns half our country’s wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It’s bullshit. You got ninety percent of the American [...]