Trading In Emerging/Exotic Currencies Increases
The long wait is over! The Bank of International Settlements (BIS) has just released the results from its Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, conducted in April 2010. The report contains a veritable treasure trove of data, perhaps enough to keep analysts busy until the next report is released in 2013. [Chart below courtesy of WSJ].
[Video] Study: CEOs Who Cut the Most Jobs During Great Recession Were Paid 42% Higher than Peers
There was a nice little snippet on Reuters that I said I'd get to yesterday in the post about the 10,000 jobs lost via ADP. Simply put there are way too many issues / implications to discuss in a single post - we've touched on it here and there over the years, but I'll focus on just one issue - that is, the misalignment between short term incentive packages and long term benefit.

Category: Fundamental Analysis Tags:
What’s Bad for Bernanke Is Worse for You
Bad day for stocks, Monday. A bad day. Not a terrible day. Not a crash day. Just a bad day.
The Dow fell 140 points. This was baaaad…because it shows that the stock market does not really buy Bernanke’s storyline.
You’ll recall that when we left off last week, Ben Bernanke assured the world that while the recovery was not exactly what he had hoped for, he nevertheless had the situation in hand. He said he had the tools necessary to fix the problem and would do whatever was required.

Category: Commodities Tags:
Ten Bailed Out Banks Spent $16.3M Lobbying in 1st Half 2010
Long time readers will know that the best return on investment (ROI for you wonky types) in America is lobbying dollars. For a pittance you can purchase present your case to a Congressman or woman and generate multitudes of that same dollar spent in return. It appears Federal Reserve and Treasury officials are also on sale (aisles 7 and 10 respectively) so hurry on in, but only those with annual revenue of $500M+ allowed in on the bidding! Our financial oligarchs are top dogs at playing the game but it's across all major industries.

Category: Fundamental Analysis Tags:
Mixed Banking News From the FDIC
This is for all you financial statistics junkies out there…
According to the FDIC’s quarterly banking profile, more than one in ten US banks (829 out of 7830) are currently in trouble, and the number appears is climbing, with the number of banks on their “problem list” increased by 7% during the 2nd quarter.

Category: Personal Finance Tags:
Cycles and Risk
The segment on CNBC, right before the close yesterday, featured commentary from Rick Bensignor and David Darst. There were a couple of points made in the segment that seem to have been accepted as truthisms that I think are actually counter-productive.

Category: General Market Tags:
Monday links: subtle signals
The high yield bond rally seems to be slowing. (EconomPic Data, research puzzle)
The state of asset class momentum. (The Capital Spectator)

Category: General Market Tags:
Two Ways to Prepare for “Tail-Events”
With bond yields and stock markets in the world’s major developed economies petering away, more people are asking: Where can we find investment returns?
Wall Street’s answer: Emerging markets.
The long-term growth prospects in emerging markets are certainly attractive. But with the propensity for another round of global economic crisis and the intertwining of economies, the risk associated with those investments is quite high.
The economic outlook for major economies has deteriorated rapidly.

Category: Fundamental Analysis Tags:
Emerging Market Currencies Flat in 2010
The recovery that emerging markets (their economies and financial markets) have staged since the lows of 2008 is impressive. In most corners of the financial markets, all of the losses have been erased, and securities/currencies are trading only slightly below there pre-credit crisis levels. Even compared to twelve months ago, in 2009, the performance of emerging market currencies holds up well. In the year-to-date, however, most of these currencies have appreciated only slightly, thanks to a particularly weak month of August.
Friday links: dividend demand
The market should be down today. Why not? Sentiment. (AR Screencast)
The presidential election cycle is about to turn positive. (Crossing Wall Street)

Category: General Market Tags:
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