Saturday, March 10, 2012

DailyMarkets.com - Post Greek PSI Deal, We Are Not BULLish Or BEARish, We Are GORILLAish

DailyMarkets.com - Post Greek PSI Deal, We Are Not BULLish Or BEARish, We Are GORILLAish

Post Greek PSI Deal, We Are Not BULLish Or BEARish, We Are GORILLAish

Posted: 10 Mar 2012 04:42 PM PST

The Greek PSI deal is done, deadline passed, the ISDA has called a credit event on bonds that did not voluntary sign up for a 70% plus haircut. However what all the folks in Wall street are doing this weekend are trying to work out how long the queue is outside the door of the ISDA  (the folks who trigger CDS deals) Monday morning coming, to see what debts will be forced to be reported on profit and loss statements.UPDATED2

After the forced accounting standards change back in 2009,a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Post Greek PSI Deal, We Are Not BULLish Or BEARsh, We Are GORILLAish

Posted: 10 Mar 2012 04:42 PM PST

The Greek PSI deal is done, deadline passed, the ISDA has called a credit event on bonds that did not voluntary sign up for a 70% plus haircut. However what all the folks in Wall street are doing this weekend are trying to work out how long the queue is outside the door of the ISDA  (the folks who trigger CDS deals) Monday morning coming, to see what debts will be forced to be reported on profit and loss statements.

After the forced accounting standards change back in 2009,a loan need … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gas Prices Explained

Posted: 10 Mar 2012 02:55 PM PST

New Jersey Natural Gas Lowers Rates For 500,000 Customers, Providing Savings Of Almost $100M

Posted: 10 Mar 2012 02:53 PM PST

WALL, N.J. — “New Jersey Natural Gas (NJNG) today notified the New Jersey Board of Public Utilities (BPU) that it will implement a decrease to its Basic Gas Supply Service (BGSS) rate that reduces the average residential heating customer's bill by 3.6 percent and provide a bill credit, totaling $11.8 million, for residential and small commercial customers. These savings come in addition to the bill credits NJNG provided in December, January and February. Over the four-month period, customers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The History Of The Personal Check [Infographic]

Posted: 10 Mar 2012 12:53 PM PST

The below infographic details the history of the personal check (also known as cheque), an instrument which has been a pivotal component of historical and modern banking, and the payment system.  While checks have become marginalized and even phased out in some countries, in preference of electronic payment systems, checks and related financial instruments (e.g. letters of credit, bills of exchange, bearer bonds, etc) remain an important tool in financial transactions and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

It Took $10M In Taxpayer-Funded Subsidies To Create $50 “Green” Light Bulb To Replace A $1 Bulb

Posted: 10 Mar 2012 12:24 PM PST

From the Washington Post:

“The U.S. government last year announced a that it would spend $10 million award of taxpayer money to fund dubbed the "L Prize," for any manufacturer that could create a "green" but affordable light bulb. Energy Secretary Steven Chu said the prize would spur industry to offer the costly bulbs, known as LEDs, at prices "affordable for American families." There was also a "Buy America" component. Portions of the bulb would have to be made in the United … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cliff Dive

Posted: 10 Mar 2012 11:40 AM PST

From Michael Krieger:
Chart of the Federal Surplus/Deficit.  A picture is worth a thousand words.  USA! USA!  Have a great weekend.  Baaaah.

(Image: Federal Reserve Bank of St. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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