Lehman Archive

Bloomberg: Thoughts on Treasury plan

[Skip to the end] My take is an RTC type solution only works when the government owns the institutions, so this will probably be different. I suspect it will be more like Japan, where the government bought a new class of preferred stock in the banks to add capital. Whatever they will ...Read More

Racing to the bottom

[Skip to the end] Here’s how I see the problem: The Fed and Treasury have set precedents of, for all practical purposes, wiping out shareholders when providing what they consider ‘taxpayer money at risk’. With FNMA, the Treasury provided funding on their own initiative without consent of management.     Therefore, while ...Read More

Reuters: Lehman cuts oil demand forecast

[Skip to the end] Lehman cuts oil demand forecast by Richard Valdmanis (Reuters) Investment bank Lehman Brothers (LEH.N: Quote, Profile, Research, Stock Buzz) said Wednesday it slashed its forecast for 2008 world oil demand growth due to a steeper-than-expected slowdown in energy consumption in the United States and other OECD countries. Lehman ...Read More

8:30 Numbers

Consensus was high enough, let’s see how tomorrow turns out. Also retail sales up a lot more than just energy prices, and claims down. Still no sign yet of aggregate demand breaking down Lehman earnings higher than estimates November Inflation Surged; Retail Sales Also Strong Inflation at the wholesale level was stronger ...Read More