Tuesday, November 25, 2008

Links - Nov 25

Since the weekend, and at the time of writing, several major stock markets have risen by more than 10 percent. This might be a good day for a cold shower. These links should do the trick.

Is Britain going bankrupt?
Nov 24 (Telegraph) - There is now a palpable fear that global investors may start to shun British debt as the budget deficit rockets to £118bn - 8 per cent of GDP - or charge a much higher price to cover default risk.

Leverage by the numbers
Nov 24 (Optionarmageddon) - An investor has compiled a spreadsheet. "Those are some ugly numbers and I’ll explain why. Citigroup’s leverage ratio of 56 means that the bank has $56 of assets for every $1 of common equity." Click on the link to see the spreadsheet, and get a basic tutorial on leverage.

All US Financials Will be Nationalized in a Year: Manager
All major U.S. financial companies will eventually be under government control because the alternative is so much worse, Hugh Hendry, chief investment officer at hedge fund Eclectica Asset Management, said Friday.

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