Citi Bank: Oh the tangled web they weave!

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Fortune Magazine, the May 26th issue just out, has a story on Private Equity behemoths written by Alliston Sloan and Katie Benner entitled: “The Year of the
Vulture.”  The article is an interesting read about deals private equity leaders have made and recounts their winning and troubled deals highlighting a list of market

BOE adds to mistrust of Money Markets, LIBOR

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The Bank of England today announced a plan to swap government bonds for mortgages held at its banks for a term of 1-3 years. Under the BOE plan this would give British banks some long term capital to continue lending,

Get out of Treasury Bonds now.

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Interest rates are expected to be lowered again in the US and almost certainly will be lowered in the European Union if an economic slowdown marked by rising unemployment occurs as it seems to be in England, particularly London. Yet the global markets ex US & England are witnessing  something quite different.  While

Look for Interim Rally ahead of earnings.

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We have entered earnings season and we expect a rally because most analyst have reduced earnings bogies.  Favored sectors continue to be Energy, Metals, Basic Materials, Natural Gas, Agricultural Commodities, Chemicals, Farm Machinery and Steel. Consumer Durables, Consumer Goods, Retail, Autos, Airlines, Builders, Lumber, Furniture & Furnishings and Luxury goods are expected to continue on the wain. Financials probably have bottomed unless […]

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