Category: Investing

Reading Time: 2 minutes Think you are unlucky being US tax payer, paying $700 billion to bail out wall street. Think the poor Washington Mutual (NYSE: WM) shareholder and bond holder, they are left with almost nothing. And yours truely, after been in the US stock market for almost 5 years, is one of the WM shareholders. Looking back,

stlplace
September 29, 2008

Reading Time: < 1 minute March 16: Bear Stearns, $29 billon Sept. 6: Fannie/Freddie, $200 billion Lehman Brothers: sorry baby no bail AIG: $85 billion Who is the next??? Essentially Fed/Treasury are transfering the downside risks from individual companies to the fed/treasury/greenbacks. Note the money pledged to support Fannie/Freddie/AIG could exceed the original number if the problem worsens. I can

stlplace
September 17, 2008

Reading Time: 2 minutes With the Lehman Brothers discussion underway in its 3rd day, and Asian market is anxious waiting for positive outcome. I am thinking otherwise. Regardless Lehman gets sold (as a piece or in several pieces), continue its business with bankrupcy in mind, this Lehman thing is just a tip of iceberger we are going to see.

stlplace
September 14, 2008

Reading Time: < 1 minute Fannie/Freddie Short term I think it’s a deal for fed. But long term (it seems nobody is caring about long term these days), why should China continue to buy the Fannie/Freddie debt, for some premium over the US treasuries with substantial mortgage market risk (liquidity). I agree the US treasuries and Fannie/Freddie debt are co-related.

stlplace
September 9, 2008

Reading Time: 2 minutes Original link here. Some discussions at trader1688. I don’t know even if Warren can come back from this one. Just like in soccer, when you are 0:10 and have 10 minutes left, basically even Maradona (wiki: Diego Maradona) can not help. That’s why we don’t want to “all in” (in this case, use margin) when

stlplace
August 19, 2008

Reading Time: < 1 minute It’s the holiday season again, this weekend is the MO tax holiday for back-to-school season. Quote the MO state gov web site: Section 144.049, RSMo, establishes a sales tax holiday during a three-day period beginning at 12:01 a.m. on the first Friday in August and ending at midnight on the Sunday following. Certain back-to-school purchases,

stlplace
August 1, 2008

Reading Time: 2 minutes Olympics buzz at work place As the Beijing 2008 only 8 days away, I am hearing quite a bit Olympics query from coworkers lately, mostly from curiosity and good will (wish Beijing and China will do well). As a Chinese living in America, I certain also hope things also work out well, amid all the

stlplace
July 31, 2008

Reading Time: 2 minutes My 2 cents on Cummins CMI (a while ago) I have watched CMI for a few months now, have not pulled the trigger yet. There was a brief chance around March 17. I dare not to buy it after it went above 50. Like commodity, short term CMI has some selling pressure because: 1) It’s

stlplace
July 30, 2008

Reading Time: 2 minutes (What a week, Yahoo Tech-ticker, link) China’s role in the Fannie/Freddie mess As Fannie/Freddie crisis deepens, people find China in akward postion because China is the largest holder of 2F’s bonds: total $376.3 billion. I don’t know exactly how China got into this mess, but I think one reason is decision maker in China must

stlplace
July 19, 2008
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