Three Long Waves

Our economic slump is pushing four years now. The evidence is easy to find: huge deficits, slow growth, mortgage defaults, declining real estate prices, high unemployment and an economy that can’t produce enough jobs. There are less obvious consequences too. Here’s a look at three changes that are taking place. None of them good. A Bubble in More...

by Bruce Krasting | Published 5 years ago
By Bruce Krasting On Thursday, December 8th, 2011
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On Boeing – Where’s the Money?

There was a period of time when I got stuck working on deal-teams that were trying to finance airlines. In corporate finance you usually work on a deal until it happens and then you move onto something different. More...

By Bruce Krasting On Thursday, November 17th, 2011
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A Bet for Bullard: The MF Global Debacle Will Yet Prove to be a Problem for the Markets

James Bullard (St, Louis Fed head) was on TV this morning. He said a number of things that I thought were off base. The biggest was his comment on the collapse of MF Global.       Bullard was pretty More...

By Bruce Krasting On Tuesday, November 15th, 2011
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Thin Ice

I’m not surprised that the halo effect of political changes in Italy and Greece had a very short half-life. Why would it? Nothing has changed. I’m not surprised that the contagion has worked its way to France. More...

By Bruce Krasting On Thursday, November 10th, 2011
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The FFB’s Busy Month

The Federal Financing Bank (FFB) has published its September results. The US Treasury owns this bank. Tim Geithner runs it. FFB’s year-end is September, as a result, the folks at the FFB had a busy month. From More...

By Bruce Krasting On Monday, November 7th, 2011
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Gold and the Swissie

Lots of things tugging on the price of gold today. For me, the most important factor was the threat of another devaluation of the Swiss Franc. The headlines from the Swiss papers: .. The last time we had headlines More...

By Bruce Krasting On Monday, November 7th, 2011
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Confidence and the G20

The much-touted G20 meeting was a dud. As near as I can tell, nothing was accomplished. There was some movement to enlarge the IMF. I think this is a clear sign that the deciders at Cannes have come to realize that More...

By Bruce Krasting On Thursday, November 3rd, 2011
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Corzine and the MF Global Story

The MF Global story gets more bizarre by the minute. At this point one has to ask if it could become a systemic problem. At first, I did not think so. I’m rethinking that. There is no definitive information as More...

By Bruce Krasting On Tuesday, October 25th, 2011
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Dis and Dat

On Cocktail Party Stocks A chart of NFLX and some thoughts. There are good and valid reasons for this 75% drop in 4 months. The stock deserved to have gotten crushed. But this is more than just bad company news. More...

By Bruce Krasting On Friday, October 21st, 2011
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Bernanke’s Latest ‘Hints’ Should Infuriate 280 Million Americans

Bernanke – “I’ve Abandoned The Dual Mandate!” I find myself this morning hoping for the failure of the Federal Reserve. This implies that I’m also hoping for a collapse in the equity markets and a severe More...