Frontrunning: October 14
China inflation dips to 6.1% in September (FT) G-20 Said to Weigh Boosting IMF Lending Power to Stem Europe Debt Crisis (Bloomberg) German Bankers Argue Against Capital Plans (WSJ) State Revenue Under...
View ArticleFrontrunning: October 24
US Treasury considers new debt security (FT) Obama to announce help on housing, student loans (Reuters) China on China: Double-dip recession unlikely in China (China Daily) Berlusconi calls crisis...
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On Boeing - Where's the money?
There was a period of time when I got stuck working on deal-teams that were trying to finance airlines. In corporate finance you usually work on a deal until it happens and then you move onto something...
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Subordination 101: A Walk Thru For Sovereign Bond Markets In A Post-Greek...
Yesterday, Reuters' blogger Felix Salmon in a well-written if somewhat verbose essay, makes the argument that "Greece has the upper hand" in its ongoing negotiations with the ad hoc and official group...
View ArticleGreece Set To Default On Foreign-Law Bonds On May 15
Back in January, when we wrote "Subordination 101: A Walk Thru For Sovereign Bond Markets In A Post-Greek Default World", we said that "because while the bulk of the bonds, or what is now becoming...
View ArticleFrontrunning: May 14
Default now or default later? (FT) Monti warns of tears in Italy's social fabric (Reuters) Fear Grows of Greece Leaving Euro (FT) Greek Elections Loom as Key Bailout Opponent Defies Unity (Bloomberg)...
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Presenting How Carl Icahn Accumulated A 7.5% Stake In Chesapeake In 18 Days,...
Recall when Zero Hedge said two weeks ago that in the age of ZIRP, corporate balance sheets simply do not matter. The reason for that conclusion were of course the endless public debates over whether...
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What Is The Upside In Chesapeake?
Three weeks ago, when the hit campaign on Chesapeake was in full swing, we made a simple prediction: hate the company for whatever reasons but not because of the balance sheet. We explained that "under...
View ArticleFrontrunning: June 19
With big conditions, China Offers $43 Billion for IMF Crisis War Chest (Reuters)... US offers $0.00 Mexico is not Spain: Mexican Yields Drop to Record as Spain’s Borrowing Costs Soar (Bloomberg) And...
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Scorching Summer Heat Pushes Nat Gas Back Up To $3.00, Chesapeake Over $20
Several months ago, as John Arnold was terminally unwinding long gas positions into an illiquid market, sending natgas as low as $1.80, various pundits called for a bidless market in natgas. Today...
View ArticleFrontrunning: October 12
OECD: Japan Public Debt in 'Uncharted Territory' (WSJ)Germany holds firm on Greece as IMF pressure mounts (Reuters)Schäuble and Lagarde clash over austerity (FT) - it would be great if someone actually...
View ArticleFrontrunning: November 1
Millions still lack power (WSJ); New York Region Transit Tracker (WSJ), Blackouts Remain for 6.1 Million as Power Repairs Begin (Bloomberg)U.S. regulator seeks $470 million from Barclays (Reuters)J.P....
View ArticleFrontrunning: November 14
Don't jump to conclusions over general, Pentagon chief says (Reuters)Bad times for generals: Pentagon demotes 4-star General Ward (Reuters)Investors Pay to Lend Germany Money (WSJ)Noda will no longer...
View ArticleFrontrunning: November 20
More QE could distort rather than deliver (FT)Soros Buying Gold as Record Prices Seen on Stimulus (BBG)EU Leaders Face Greek Aid Gap in Brinkmanship With IMF (BBG)Weak data point to bigger economic...
View ArticleFrontrunning: December 24
Global Currency Tensions Rise (WSJ) - in other words, when everyone eases "to infinity", nobody easesEU to give Spain, France more time to cut deficit (Reuters) - But not because their economies are...
View ArticleFrontrunning: January 3
Obama Signs Bill Enacting Budget Deal to Avert Most Tax Hikes (BBG)GOP Leaders Take Political Risk With Deal (WSJ)Basel Becomes Babel as Conflicting Rules Undermine Safety (BBG)Portugal Faces Divisions...
View ArticleUltimate Hedge Fund Deathmatch: Icahn And Ackman As The Real Billionaire...
Following the epic rap battle we noted yesterday, today saw probably the greatest, most enthralling and at the same time most pathetic segment on CNBC (which may or may not have been taken over by...
View ArticleFrontrunning: January 28
CAT beats ex-Chinese fraud: $1.91, Exp. $1.70; Warns 2013 could be a "tough year"; sees 2013 EPS in $7.00-$9.00 range, Exp. $8.54, sees Q1 sales well below Q1, 2012Yi Warns on Currency Wars as Yuan...
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Chesapeake Energy Surges On Aubrey McClendon Exit
Update: it appears Carl Icahn agrees with our assessment: CARL ICAHN SAYS CHESAPEAKE'S COLLECTION OF ASSETS "ARE THE BEST PORTFOLIO OF ENERGY ASSETS IN THE COUNTRY"Back in May 2012, when Reuters'all...
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Going For The Kill: Is Carl Icahn Trying To Bankrupt Bill Ackman's J.C. Penney?
By now everyone is familiar with slow-motion trainwreck from the afternoon of January 25 (keep that date in mind), when America's premier financial Jerry Springer channel pitted one against another...
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