Here's the CSPAN video of President Obama at the 2012 White House Correspondents' Dinner. He ripped on Huffington Post's business model.
29 minutes ago
|Spain Unemployment Rate 24.44% (source: INE)|
"There are signs of market activity all over North Korea. And the markets have gone up and down over the years because as soon as they become successful, then the government becomes scared and tries to shut them down. Soon as it shuts them down, the people try to figure out, you know, where they can actually get something so they build them back up. And so it sort of oscillates over time. What the Chinese would really like to do, they say look what we did thirty years ago and sort of let the strings out on the free market. But the North Korean regime is much too scared of that, so it is very careful." (see last video)
"The U.S. high yield bond market set a new quarterly issuance record with $86.9 billion in the first quarter. The previous quarterly record was $80.6 billion, set in the fourth quarter of 2010. February's issuance total of $34.4 billion, was the second busiest month on record. Nearly 52% of total issuance during the quarter was directed toward refinancing or redeeming other bonds or notes. High yield retail funds took in strong inflows totalling more than $15 billion during the quarter.
"Fitch: European High Yield Is Principal Alternative As Loan Issuance Subsides
Image source: Fitch
26 Apr 2012 8:08 AM (EDT)
Link to Fitch Ratings' Report: European High Yield Chart Book April 2012
Fitch Ratings-London/Frankfurt-26 April 2012: Fitch Ratings has published the first edition of its new quarterly European High Yield (EHY) chart book, which illustrates recent trends in high yield bond issuance, maturities, default rates, fund flows and relative performance, as well as secondary market risk-adjusted pricing.
|Jim Rogers on Fox Business|
|Bear Stearns documents (source: Frontline/PBS, click for the video)|
"In 1994, a team of young, 20-something JPMorgan bankers on a retreat in Boca Raton, Fla. dreamed up the “credit default swap” — a complicated derivative they hoped would help manage risk and stabilize the financial system. Fourteen years later, they watched in horror as that global system — weighed down by the risk of credit default swaps tied to morgtage loans — collapsed." (PBS.org)
|Chart source: Tesoro.es|
|Kim Jong-Un, Flickr/PetersSnoopy|