Friday links: commodity shocks

15Feb08

Investors have lost confidence in the liquidity of auction-rate securities. (NYTimes.com)

Commodity shocks don’t only happen in oil.” (FT Alphaville)

What is the shape of the yield curve currently telling us? (Aleph Blog)

The smart money is still betting on emerging market equities. (Humble Student of the Markets)

Leveraged closed-end funds are now getting hit in the auction-rate securities turmoil. (WSJ.com)

It is now mortgage insurance industry’s turn in the credit crunch spotlight. (WSJ.com)

“In general, cleaning up quickly after popped bubbles is good for the economy, because it enables everybody to move on.” (Slate.com)

How subprime really works. (Big Picture)

“No one made homeowners treat rising asset values to be the same in value as accumulated monetary savings. But many of them did.” (Marginal Revolution)

The Fed is focused on preventing negative feedback loops in the financial system. (Real Time Economics)

Hedge fund replication from two different perspectives. (All About Alpha)

Hedge fund caution seems to have kept many from blowing up in the current credit crisis. (Economist.com)

MBIA (MBI) pushes back against its hedge fund protagonist. (Alea, Market Movers)

Monoline links. (Alea)

REITs are looking more and more like real estate. (Asset Allocation)

“(D)on’t blame the market’s decline on the short sellers.” (TheStreet.com)

“What is your core competency as a trader, and where can you make your greatest improvements?” (TraderFeed)

“Until you have your cash in the bank, don’t assume you’re going to get what a bank says you’re going to get.” (Market Movers)

Investment bankers do tend to move in a herd, but that is because they are all following the bigger herd of investors with all that lovely money…” (Epicurean Dealmaker)

There is a widespread perception that the U.S. economy is a “complete nosedive.” (Freakonomics)

Looking for clarity in the economic data. (Bespoke Investment Group)

To what can we credit the “Great Moderation” in macroeconomic volatility? (Economist’s View)

Arguing for the existence of a real estate bubble. (Risk and Return)

Cascade effects and the bearishness of financial bloggers. (The Stalwart)

Seeking balance in blog commentary and the media on the Fed and the state of the economy. (A Dash of Insight)

CNBC and Barron’s are at odds over the Jim Cramer cover story. (CJR via Gawker)

Blu-ray has won the next generation high def DVD war. (Silicon Alley Insider)

Do you know of a new and interesting investment blog? Feel free to tell Abnormal Returns all about it.

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