Wednesday links: danger areas

12Sep07

To all of our loyal readers this is the 1001st post here at Abnormal Returns.  Just thought you might want to know.  Now onto the linkfest…

Craig Karmin and Ian McDonald at WSJ.com on Harvard’s loss and PIMCO’s gain as Mohamed El-Erian returns to his prior employer.

Felix Salmon at Market Movers has some insights into El-Erian’s move.

Econocator on how much of a recession the markets have already priced in.

“(B)anks were also forced to sell the loans at a steep 4% discount to their face value, a sign of the big hurdles the market still needs to overcome.” (WSJ.com)

Default rates are expected to rise. (DealBook)

Not surprisingly, debt covenants are also on the rise. (Deal Journal)

Scott Austin at Marketwatch.com on the prospects for a VC bubble.

Justin Fox at the Curious Capitalist highlights Rich Bernstein’s “..six capital-intensive danger areas.”

Goldman Sachs (GS) is getting into the alternative investment research biz. (FT.com)

DealBook notes Citigroup (C) has LBO loan and hedge fund issues.

Hedge fund data was never comprehensive in good times, let alone bad times. (FT Alphaville)

Fall-out from the quant meltdown spreads to enhanced index mutual funds. (WSJ.com)

Bill Luby at VIX and More with a review of a number of sentiment indicators.

Bespoke Investment Group with a neat graphical depiction of historical economic recessions and expansions.

Eddy Elfenbein at Crossing Wall Street looks at a Fed funds model is telling us.

Barry Ritholtz at the Big Picture on when time-tested quantitative rules stop working.

Matthew Hougan at IndexUniverse.com on how competition is changing the dynamics of the ETF industry.

Julie Stralow at Morningstar.com on the basics of analyzing a buyout.

James Picerno at the Capital Spectator on how rising oil prices may limit the Fed’s range of actions.

Who knew the U.K. was a tax haven? (Bloomberg.com)

Greg Mankiw on Bernanke and the national savings rate.

Jeff Matthews takes a closer look at the trend in iPhone sales and why it might take longer to establish the device.

Stephen J. Dubner at Freakonomics with a profile of investor Gene Sit and his thoughtful charitable work.

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