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GRANT'S INTEREST RATE OBSERVER
Vol.26,No.5
Fill in the Suez Canal
Deflation is the subject under discussion--that and inflation, productivity growth, financial panics, the gold price. . . .
'Essentially stale money'
On a day when the gold price is running, the price of a share of this [COMPANY] is likely to be walking, ambling, crawling or fast asleep in the corner. . . .
Bullish on AIG
If an investment is a failed speculation, Grant's has just bought itself a journalistic investment in the world's. . . .
Trophy tranche
Until the cyclical bell tolled, lenders lent freely to most takers across most asset classes. "Just say 'Yes!'". . . .
Ace in the hole
The February results are in, and the ACE Securities Home Equity Loans Trust, Series 2005-HE5, looks afright. . . .
Regime change
Last week, Alan Greenspan told a group of Gulf central bankers that they ought to ditch the buck, posthaste.
The central bankers didn't buy it. . . .
GRANT'S INTEREST RATE OBSERVER
Vol.26,No.4
The people's wrath--delayed
The Street is hard enough to love in a bull market. In a bear market, it virtually wears a "kick me" sign. . . .
Material strength
Every so often, one of the world's exceptional companies runs into the ditch. Such is the way with this world leader. . .
Not so contained
The chief executive officer said, ". . . I can hardly remember a bank that reported such positive trends during the last many weeks."
Whose preference?
[This COMPANY's] 8.125% Series AA noncumulative perpetual preferred shares came to market at the end of January and still trade above par. Maybe they shouldn't. Maybe, they should never have been issued, or, at least, purchased. . . .
Junk-grade central bank
New York's most leveraged financial institution shows capital and surplus of $9.4 billion against assets of $315.8 billion. . . .
