Note: I'm experimenting with video. Bear with me.
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Bruce Krasting
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About Me
- Bruce Krasting
- Westchester, NY, United States
- I worked on Wall Street for twenty five years. This blog is my take on the financial issues of the day. I was an FX trader during the early days of the 'snake' and the EMS. Derivatives on currencies were new then. I was part of that. That was with Citi. Later I worked for Drexel and got to understand a bit about balance sheet structure and corporate bonds from Mike Milken. I was involved with a Macro hedge fund later. That worked out all right, but it is not an easy road. There was one tough week and I thought, "Maybe I should do something else for a year or two." That was fifteen years ago. I love the markets. How they weave together. For twenty five years I woke up thinking, "What am I going to do today to make some money in the market". I don't do that any longer. But I miss it.
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ReplyDeleteTed K.
ReplyDeleteI'm sorry. I zapped you. I'm hoping that some different folks come to see this today. And what do you do? Blast Maria, in a not so nice way.
I don't delete stuff. This is my first. Hope you'll understand.
bk
I like this Bruce, great format for you. Please continue, I read and will listen to everything you put out. Your insight is spot on. Thanks and good luck.
ReplyDeleteWonder how DB is doing with all those 2nd mortgages it has, as trustee, to IndyMac?
ReplyDeleteBTW that's a rhetorical question.....
What's your reason for thinking the LTRO will turn into a negative factor before June? Is it that because the first part was bigger than expected, expectations for the second part (coming in Feb, as I understand?) have now risen way too high, and/or that the Germans will not tolerate another massive back door QE? Or if neither, then what else?
ReplyDeleteI don't know what Ted K wrote about the Money Honey, but I think she is part of the story here.
ReplyDeleteThe political class is becoming increasingly desperate to sell a complete lie -- and she is clearly one of their mouth pieces. Her trysts with GE executives are well documented, she is hardly a neutral or unbiased "journalist"
That is why she was chosen to do a puff piece with Ackerman. A real journalist would have at minimum questioned him about his predictions from the previous year (as an "evil" banker like Mr Krasting did, without any journalism background). His lies from last year were on the same channel, and same interviewer. The money honey doesn't remember him lying to her last year? Or doesn't want to?
Sure, Mr Ackerman is lying -- but Maria is a willing accomplice.
Why would a real journalist cover such an elitist gathering as Davos anyway? A real journalist would condemn the meeting.
I smell desperation in the air. The mud covered masses simply aren't buying into the lies from the political class -- but instead of changing course, the political class is digging in... has me very worried
Bruce:
ReplyDeleteI am intrigued with the format you're trying out here. Please keep at it; your work is much appreciated.
Steve
Thanks, Bruce....I like your style! There some dead spots in your narration....but, hey, that's your style and it IS interesting. Keep up the good work...I am most impressed with all of your blogs..thoughtful, interesting and chuck full of good information! Bob & Nan Asman.
ReplyDeleteCongrats on the video uplink Bruce. Hope the bear wasn't too intrusive ;-)
ReplyDeleteLike you said, he appears on TV a lot. He sounds like a salesman selling product. Many people in corporations do make it to the top from sales and marketing. They go bust if they have not learned about risk.
ReplyDelete