Canwest Global Communications Corp F3Q08 (Qtr End 05/31/08) Earnings Call Transcript

Canwest Global Communications Corp (CWGVF.PK)

F3Q08 Earnings Call

Bank of the Ozarks Q2 2008 Earnings Call Transcript

Bank of the Ozarks, Inc. (OZRK)

Q2 2008 Earnings Call

The Dollar's Decline: Taking Responsibility for the Future

Menzie Chinn submits:

As of 2008Q1, wholly 100% of the increase in the trade deficit since 2001Q4 is accounted for (in a mechanical sense) by the increase in the value of oil imports. And the dollar share of reserves appears to continue its decline.

To the first fact:

Putting $1T Subprime Mortgage Losses in Perspective

Mark J. Perry submits:

I'm in Las Vegas at Freedom Fest 2008 and heard Steve Forbes speak yesterday. In his talk, he put the subprime mortgage meltdown in perspective by comparing the global subprime losses of $1 trillion (Reuters story here) to the $56 trillion of U.S. household net worth. Sure, $1 trillion is a very significant loss, but it's relatively insignificant compared to the significant value of U.S. household wealth, less than 2%.

Key Earnings Reports Next Week

Hickey and Walters (Bespoke) submit:

Bond Expert: Friday Wrap

John Jansen submits:

Prices of Treasury coupon securities plunged of a cliff today in a rout across the curve. The decimation of the wealth stored in US Treasury debt, once viewed as the safest of all venues, resulted from the reports that the US government was planning to bail out FNMA (FNM) and Freddie Mac (FRE). This prompted a flight from the US Treasury assets into all sorts of paper. It was a vote of no confidence  as Treasury paper underperformed all other asset classes.

I am writing this a little early today so these closing levels may not hold as equities have recovered on news that Bernanke has said he will open the Discount window to the GSEs . That should not be a surprise. (As an aside, I want to take my wife into Manhattan for dinner and a show this weekend. Do you think he might flip me a couple of C notes if I make polite entreaty?)

Hedge Funds Moving Into a New Marketplace

IndexUniverse submits:

By Murray Coleman

Hedging and indexing aren't two strategies normally associated with one another in the mutual funds marketplace.

Fastenal Company F2Q08 (Qtr End 06/30/08) Earnings Call Transcript

Fastenal Company (FAST)

F2Q08 Earnings Call

Percentage of Stocks Over 50-Day Moving Average

Hickey and Walters (Bespoke) submit:

Currently, just 14% of stocks in the S&P 500 are trading above their 50-day moving averages.  While this is extremely oversold, the number got down to 8% last August and 11% in January.

Financials and Industrials are the sectors struggling the most.  Each of them have just 2% of stocks trading above their 50-days.  Consumer Discretionary isn't far behind at 5%, however.  The two sectors that look the best at the moment are Health Care and Utilities.  Health Care has 42% above their 50-days, while the Utilities sector sits at 39%.

The ABCs of the Fannie Mae / Freddie Mac Problems

Kathy Lien submits:

A.

First of all, who are Fannie Mae and Freddie Mac?

Fannie Mae: Is the nickname for the Federal National Mortgage Association (FNM)

More Evidence of German Slowdown: Export Decline

Edward Hugh submits:

German exports declined the most in almost four years in May, as a slowdown in some key eurozone economies (Spain, Italy) and a stronger euro curbed demand. Sales abroad, adjusted for working days and seasonal changes, decreased 3.2 percent from April, the Federal Statistics Office said this morning. That's the biggest drop since June 2004. (Click charts to enlarge.)

Tremors in Danish Banking

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