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The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

China Will Continue To Drive The Global Economic Recovery In 2010

Thu, 03 Dec 2009 14:38:07 GMT

China isn’t just leading the global economic recovery – it’s lapping the field.[More...]

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Thu, 03 Dec 2009 13:15:56 GMT

Back in June, we discussed commercial real estate at length following attendance at a large real estate conference in NYC. Our tone was cautious and one question we wondered about was the percentage of GDP that real estate represents. We actually came across the answer back in August and meant to share then, but didn't get to it. Since the question/topic remains highly relevant to considering the potential negative economic drag from depressed real estate activity, we're sharing now -- the following table is from an 8/28/09 NYTs article, "Construction That Fueled Growth in the Sun Belt Slows":[More...]

Credit Market Overview: Dec 3, 2009

Thu, 03 Dec 2009 12:59:02 GMT

The credit crunch crisis of confidence which we appear to be crawling out of even though the debt and equity markets catapulted themselves higher earlier this year could be similarly argued to be a crisis that started in the credit markets which crunched confidence around the world as it could a collapse in confidence in the value of the securities investors held which corrupted the credit markets causing them to cease funding.[More...]

Grab Some Northern Exposure With EWC

Wed, 02 Dec 2009 21:39:42 GMT

Emerging markets are captivating investors again, but tidy profits aren’t always far away. Placing your bets on well-established global markets can also prove rewarding. That's why we're looking at Canada.[More...]

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Wed, 02 Dec 2009 21:20:20 GMT

U.S. job losses in the private sector slowed in November but still exceeded economists’ projections, a report by payroll-processing firm Automatic Data Processing (Nasdaq: ADP) indicated yesterday (Wednesday).[More...]

Why Barrick Closed Their Gold Hedge

Wed, 02 Dec 2009 19:15:14 GMT

It sure looks like gold is going to close above $1,200 an ounce today in New York. And large open market purchases from central banks in China, India and Russia are only helping the price surge more. (Just one year ago, some of these same central banks were actually selling gold in an attempt to fill an annual 10,000-ton supply gap.)[More...]

How To Profit From The 'Next' Dubai

Wed, 02 Dec 2009 13:51:42 GMT

The Dubai World default is a matter of only $60 billion – mere peanuts when compared to other elements of the global financial crisis. It’s thus of concern only to those silly enough to invest in real estate there (and the European banks foolish enough to finance it.) For the rest of us, it is a useful reminder that sudden collapses don’t really come out of nowhere – they can be foreseen, and smart investors can plan for them.[More...]

Capmark Financial gets OK to sell units

Wed, 25 Nov 2009 16:48:00 GMT

HORSHAM, Pa. - Capmark Financial Group Inc. said it has received approval to complete the $515 million sale of its North American servicing and mortgage banking units to a joint venture owned by Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp.
Capmark Financial Group, one of the nation's largest commercial real estate lenders, filed for bankruptcy protection amid mounting bad debt last month.
The sale to Commercial Mortgage LLC was recommended to the bankruptcy court by the unsecured creditors' committee and Capmark's management, the company said in a statement released late Tuesday.

: iStockAnalyst.com Symbols Feed

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Forget Yesterday, It's All About Jobs

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

China Will Continue To Drive The Global Economic Recovery In 2010

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Credit Market Overview: Dec 3, 2009

Grab Some Northern Exposure With EWC

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Why Barrick Closed Their Gold Hedge

How To Profit From The 'Next' Dubai

Capmark Financial gets OK to sell units

Facebook creates dual-class structure, but no IPO

Feds probe pipeline returns

Fishing for good news after economic shipwreck

Oracle of Omaha teaching us

Business Highlights

Buffett goes 'all in' on big railroad -- Train of thought? Pays over long haul

Burlington Northern, Ford, UBS are big movers

Business Highlights

Berkshire Hathaway Inc. News Release

Warren Buffett Opens 4th Annual Lydian Roundtable and Launches New Payments Industry Portal, PYMNTS.Com

Thomas Walper Rejoins Munger, Tolles & Olson Bankruptcy Group

Symetra Financial Corp. Files Registration Statement for Initial Public Offering

Fitch Affirms MidAmerican Energy Holdings Co. & Subsidiaries; Outlook Stable

Capmark Financial Group Inc. Enters into Agreement for the Potential Sale of Its North American Servicing and Mortgage Banking Businesses

Johns Manville Introduces JM Corbond IIITM, a Premium High-Yield Closed-Cell Spray Foam Building Insulation

Berkshire Hathaway Inc. News Release

ParagonReport.Com Complimentary Market Update on JPMorgan Chase &Amp; Co. (NYSE: JPM), PMI Group Inc. (NYSE: PMI), Berkshire Hathaway Inc. (NYSE: BRK- A), and American Express Company (NYSE: AXP)

Form 4 BERKSHIRE HATHAWAY INC For: Dec 03 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Dec 02 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Dec 01 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Nov 30 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Nov 27 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Nov 25 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Nov 24 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Nov 23 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Nov 20 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)

Form 4 BERKSHIRE HATHAWAY INC For: Nov 19 Filed by: BILL & MELINDA GATES FOUNDATION TRUST (10K)