Don’t Watch Equities, Watch Credit Default Swaps

I’m just going to leave this here…. Remember: Bond traders are the smart money and they will blow CDS spreads out in a heartbeat to […]

Credit Suisse becomes Béar Stéarns: UBS Reportedly Acquires Company for 75 Centimes per Share

UPDATE: 15:18 ET- From the press conference in Switzerland the price is actually 75 centimes per share or about $3 billion. The headline has been […]

Maybe this is Why The Fed is Worrying About Europe

After all, who the hell are they going to find to launder all the crap securities on their books? Stay tuned, OPEC+ is about to […]