Monday links: bankruptcy vs. bailout

17Nov08

Are blue chips cheap?  (WSJ.com)

Goldman Sachs (GS) execs say ‘no thank you’ to bonuses this year.  (WSJ.com also DealBook)

The Treasury yield curve as steep as it has been in a decade.  (Bespoke)

“A sustainable rally will require the participation of XLF, XHB, and XLY.”  (VIX and More)

Leveraged loans have never been tested by so severe a market as the one upcoming.”  (FT Alphaville also naked capitalism)

Why are corporate bonds so cheap?  (Economist.com)

Tight financing markets and a lack of deal flow may force more PIPE deals like the one at Whole Foods (WFMI).  (TheDeal.com)

“Who said quantitative finance is dead?”  (FT Alphaville)

Why quantitative techniques failed in the meltdown.  (Economist’s View)

How ‘liquidity spirals‘ describe the current financial crisis.  (Free exchange)

General Motors (GM):  bankruptcy vs. bailout.  (Market Movers, Newsweek.com, Becker-Posner Blog, WSJ.com, Infectious Greed, Clusterstock)

Portfolio re-balancing needs are forcing secondary market sales of private equity holdings.  (Fortune.com)

The global agricultural system is “..is undeniably more efficient, it’s also much more fragile.”  (NewYorker.com)

Microsoft Vista is pretty good…seriously.  (The Big Money)

Mark Cuban in the sights of the SEC.  (24/7 Wall St., Dealbreaker, Clusterstock, DealBook)

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