with Oli | Strategies


Archive for April 23rd, 2008

Ambac is “back” … to haunt the markets

Mittwoch, April 23rd, 2008

Analysts are still way off getting the point in this crisis … Ambac Q1 result was a net loss of $11.69 a share, versus net income of $2.02 a year earlier, the company said. Its operating loss in the latest quarter was $6.93 a share. Ambac was expected to report a loss of $1.51 a [...]

ECB turns even more hawkish …

Mittwoch, April 23rd, 2008

After a lot of ECB members reiterated their position, that in the current environment there is no interest rate cut possible and adequate … Today a new quality was reached. As we know, part of the communication of the ECB is to “leak” policy changes via so called “source-stories” in selected media channels … Story [...]