Hot Links for Morning Reading
Joshua M Brown
Godspeed Roy Disney, Entertainment Mogul and Activist Shareholder
We lost Roy Disney today, Walt’s nephew, a force within the Disney Corporation for decades and an activist shareholder who fought the good fight through his Shamrock Holdings vehicle. I’ll crosspost some of what Nikki Finke has up and then I’ll send you over to Deadline Hollywood for the rest. Godspeed, Roy. And thank you….
FOMC Statement Parsing
The FOMC’s non-event policy statement just came out. Needless to say, no change in rates. Here are a few snippets… Interest rates will remain near zero “for an extended period”. “Information received since the Federal Open Market Committee met in November suggests that economic activity has continued to pick up and that the deterioration in…
Glass-Steagal Comeback: Maybe a Good Idea…Just Not Now
I don’t have a strong opinion on what a new banking separation rule should look like just yet, but I do feel strongly that now is probably not a great time to ramp something like this up.
Get 'em Sam!
I love stories like these… The Boston Beer Company (SAM) raised guidance this morning and I gotta tell ya, I have no stock in the company but I love what I’m seeing. Here we have a great American brand beset on all sides by foreign competitors (yes, Budweiser is now an import) coming out and absolutely…
Hot Links: Obsolete
Late start this am, here’s what I’m reading: Stocks, Oil rockin and rollin ahead of today’s Fed non-decision. (Bloomberg) Killer post: 12 M&A Deals That Will Happen in 2010. (24/7WallStreet) Volcker‘s Banking Innovation is a Joke tour continues: Wake Up Gentlemen. (BaselineScenario) Bernanke named TIME Magazine’s Man of the Year. Barry is utterly speechless. (TBP)…
Euro: The Beatings Will Continue Until Morale Improves
The Euro’s troubles began earlier this month and with every upset gyro cart in Athens, the beatings have continued. From the WSJ: LONDON — Support for the euro has turned very soggy very quickly, with sovereign credit risk in Greece, banking stress in Austria and weak economic data all suddenly proving a major drag. The…
Fat Cats to Obama: Stop Comparing Us To Bankers
“The only similarities between cats and the TARP recipient banks are the fact that we all possess several lives and survive falls that we should not have been able to.”
ETF Inflation and Brown's Law of Wall Street Product Creation
Brown’s Law of Wall Street Product Creation:
“Wall Street products decline in quality, popularity and necessity with each iteration after the original.”
Hot Links: Icahn vs Trump, Mexican Junk Bonds & Words For Our Madness
Stuff I’m Reading this Morning… US Dollar strengthening while Greece deteriorates. (Bloomberg) Gregor‘s take on the Exxon – XTO deal. (GregorMacdonald) EPIC: Carl Icahn vs Donald Trump for casino control. (DealBook) Surprise, surprise: Merrill is bullish on stocks for 2010. (PragCap) Mexico bonds downgraded, just above junk status. ¡Viva La Credit! (LATimes) “We Need New…
