THE FINTAG NEWSLETTER
@ Tue 18 August 2009 : GMT

FINTAG COMMENT

Sorry about the delay but stuck in airport. I have no idea where I am flying too, why I am going there and who I am. But not to worry for I will just follow the rest of the customers and clamber on board and go with the flow. I have been told every 5 minutes not to smoke, to carry photo id at all times and to report people forcing packages onto me.

You see we cannot do anything without instruction. There are arrows showing me where to walk, adverts telling me why I should have a "5th Ave Flair with Wall Street Style" Tumi leather brief case and the smell of food at every turn to entice me into a world of trans-fat and sugar coated chemicals.

Life is much easier if you go do as everyone else and this is what we have all been doing this year. Strip out the government sponsored banks and the S&P is not looking healthy at all.

Distorting markets is like putting flouride in toothpaste and our tooth will eventually decay.

Corporates are about demand and supply. Demand has been fueled by debt that cannot be paid off. Count how many unsold cars there are rotting in Nevada or how quickly the Tumi leather bag is in the sales. Tumi is a classic example of a company trying to generate demand. It used to make very strong luggage that would last generations. But that is not how to run a business so they have branched out into purples and camouflage in an attempt to create demand for goods that the people don't really want.

Oops, my name has been called and unless I get to the gate in 5 minutes my original 1980's tumi luggage will be thrown off the plane.

Best go and do what I am told.

CITADEL PLANS LEVERAGED LOAN TRADING UNIT

emiiFintag says
I love that. Leveraged loans. What next? Levered leverage?

HOUSES GO FOR A SONG IN THE HAMPTONS

telegraphFintag says
Brand names don't always last but I don't think this is a big deal. The lobster still tastes the same.

PENSION FUND THAT DROPPED £8BN PAYS £1.8M IN BONUSES

telegraphFintag says
Should one laugh or cry? This really is the sign of the times.

FSA TO PROBE KEY BARCAP BONUS DEALS

cityamFintag says
The FSA doesn't know whether it is coming or going. Probing. Is that the same as restricting or censoring? I don't see anything in UK law that restricts companies from paying its staff if they are successful. Is there?

new york times says " CFTC Considers Limits on Energy Positions "

CITCO, DEUTSCHE BANK TAKE TOP SPOTS IN ADMINISTRATOR RANKINGS

finalternativesFintag says
So we now see Tumi being threatened by Lulu Guinness and Kate Spade?

If Citco is a Lincoln Navigator are Hedgeworks and SS&C Hybrids?

I am very pleased that we have new and exciting entrants in the market place challenging the old dinosaurs.

HEDGE FUNDS SUED OVER FINANCING OF 'TERMINATOR' SEQUEL

finalternativesFintag says
No wonder. The film was one of the worst I have ever seen.

UK INFLATION UNCHANGED AT 1.8%

financial timesFintag says
...then the Bank of England ought to put up interest rates then. Deadly silence.