World economy talk

[uls]

example:

GM Financial Announces $1.3 Billion Senior Subordinate Asset-Backed Securitization - pymnts.com

Sep 5, 2012, 3:16pm
GM Financial Announces $1.3 Billion Senior Subordinate Asset-Backed Securitization

GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”), announced the pricing of a $1.3 billion offering of automobile receivables-backed securities through lead managers Deutsche Bank Securities, RBS, and Wells Fargo Securities. Co-managers are Citigroup, Credit Suisse, Morgan Stanley, and RBC Capital Markets. GM Financial uses net proceeds from securitization transactions for long-term financing of its receivables.

The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2012-4, in seven classes of Notes:

Note Class Amount Average Life Price Interest Rate
A-1 $ 191,100,000 0.18 years 100 .00000 0 .30000%
A-2 462,000,000 0.99 years 99 .99656 0 .49%
A-3 270,280,000 2.26 years 99 .98423 0 .67%
B 99,470,000 3.04 years 99 .98102 1 .31%
C 123,480,000 3.59 years 99 .98550 1 .93%
D 121,430,000 4.04 years 99 .96607 2 .68%
E 32,240,000 4.05 years 99 .98364 3 .82%
$ 1,300,000,000

The weighted average coupon on the Notes to be paid by GM Financial is 1.5%.

The Note Classes are rated by Fitch and Standard & Poor’s. The ratings by Note Class will be at least:

Note Class Fitch S&P
A-1 F1+ (sf) A-1+ (sf)
A-2

AAA (sf)

AAA (sf)

A-3 AAA (sf) AAA (sf)
B AA (sf) AA (sf)
C A (sf) A (sf)
D BBB (sf) BBB (sf)
E BB (sf) BB (sf)

The 2012-4 transaction will have initial credit enhancement of 7.25%, consisting of a 2.00% cash deposit and 5.25% overcollateralization. Total required enhancement will build to 14.25% of the then-outstanding receivable pool balance, which includes the initial 2.00% cash deposit.

Copies of the prospectus relating to the public offering of receivables-backed securities may be obtained from the lead managers and co-managers. The Class E Notes have been privately offered via a private placement memorandum which may be obtained from the lead managers. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this press release, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such State.

[Monseratto]

Gold and Oil...

Gold Spot



New York Mercantile Exchange › CRUDE OIL Nov 2012

[uls]

hedge funds liquidating oil

[uls]

Sept nonfarm payrolls tonight

estimate +115,000

bad number good for Romney... he will have more ammo against Obama

[uls]

Sept nonfarm payrolls +114,000 in line with concensus

unemployment rate 7.8%!! (consensus 8.2%) previous 8.1%

[uls]

Zynga

[pop3corn]

*uls, been reading the financial markets for almost 2 months now with my ipad ibooks reader.

Check mo naman kung tama etonv summary ko so far and of course, below is my own categorizing of the various securities / financial instruments traded.

I need to move on na eh, practical application na sana, sawa na ako read, baka may mali o baka may isuggest ka pa?

A. Equity
- Stocks - common/preferred
- ETF
- Commodities
- Real Estate
- Currencies / Forex (am still insure if this falls in equity category

B. Debt
- Money Market
- Treasury / Government / Sovereign
- Corporate
- Municipal
- Junk
- Asset Backed Security / Mortgage Backed
- Collateralized Debt Obligations
- Synthetic CDO


C. Fund (collective investment of equity & debt instruments)
- Mutual Fund
- Index Fund
- ETF
- Hedge Fund
- Unit Investment Trust Fund
- REIT

D. Derivatives (can be applied to all of above)
- Forward
- Futures
- Swaps
- Options



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I am particularly excited / interested with Margin Trading, Shortselling, Options and Hedge Funds as investment-style.

Btw, pano ba yun insurance, where does it fall in all of these?

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[Ry_Tower]

Damay-damay na Asia with China.

World Bank slashes Asia forecast - Oct. 8, 2012

Although the forecast of a better 2013 is not far fetched for us since election year. Maganda negosyo namin niyan.

Meanwhile, it's interesting to see whether we will see a divided EU in the next 2 years.
EU braced for budget fight with UK - CNN.com

[uls]

IMF Survey: IMF Sees Heightened Risks Sapping Slower Global Recovery

IMF Sees Heightened Risks Sapping Slower Global Recovery

The International Monetary Fund (IMF) presented a gloomier picture of the global economy than a few months ago, saying prospects have deteriorated further and risks increased. Overall, the IMF’s forecast for global growth was marked down to 3.3 percent this year and a still sluggish 3.6 percent in 2013.

In its latest World Economic Outlook, unveiled in Tokyo ahead of the IMF-World Bank 2012 Annual Meetings, the IMF said advanced economies are projected to grow by 1.3 percent this year, compared with 1.6 percent last year and 3.0 percent in 2010, with public spending cutbacks and the still-weak financial system weighing on prospects.

Growth in emerging market and developing economies was marked down compared with forecasts in July and April to 5.3 percent, against 6.2 percent last year. Leading emerging markets such as China, India, Russia, and Brazil will all see slower growth. Growth in the volume of world trade is projected to slump to 3.2 percent this year from 5.8 percent last year and 12.6 percent in 2010.

end-of-year US fiscal cliff is going to be a killer

[uls]

[Monseratto]

[uls]

^^^

re last chart

Obama and his team over-estimated the effect of the 2009 stimulus in lowering unemployment

[Monseratto]

Romney and his fellow Republicans may blame Obama for this tattered portion of the work force, but it's not necessarily Obama's fault. Some economists think a growing wave of retirements among baby boomers account for part of the shift from full-time to part-time work. The twin revolutions of globalization and the advent of digital technology are also shaking up the workforce, regardless of who's in the White House. And temporary factors, such as a federal extension of jobless benefits that began during the recession, might be discouraging some people from looking for a job. The expiration of those benefits, which has begun, to occur, may, in fact, help explain why the latest job gains were better than expected.

It's also worth pointing out that the U-6 rate has been improving over the last two years, just as the U-3 rate has been. U-6 peaked at 17.2 percent in October, 2009, which was the same month that the narrower U-3 rate peaked at 10 percent. Since then, U-6 has actually fallen a bit faster than U-3, which means the gap between the two is starting to narrow. But that's not something you're likely to hear Obama crowing about.

[uls]

bad Facebook

before the IPO, Facebook referenced a Nielsen study that ads on Facebook were effective. the SEC pressured Facebook to produce the study. Facebook couldnt. there was no such study

and mobile user growth was faster than advertising growth. Facebook couldnt monetize mobile users. mobile users see less ads than desktop users

that information wasnt made available to retail investors before the IPO



retail investors bought at $38. they got screwed

[uls]

after the Oct 3 debate...

could Romney's better poll ratings be responsible for falling US stocks?

Romney win threatens the future of Fed chairman Ben Bernanke. Romney said he would replace Bernanke

US stocks have been falling ever since Romney's poll ratings surged after the debate

[Ry_Tower]

^ Ano ba sentiment ng US business sector? Who are they favoring?

[pop3corn]

after the Oct 3 debate...

could Romney's better poll ratings be responsible for falling US stocks?

Romney win threatens the future of Fed chairman Ben Bernanke. Romney said he would replace Bernanke

US stocks have been falling ever since Romney's poll ratings surged after the debate

Bakit kaya nya gusto i - replace si bernanke? Actually, ive been analyzing kung ano maging side effect na ginawa ni bernanke after the subprime and credit crisis. Natakot sya sa credit freeze coz we might experience another great depression and possibly next world war, and what he did eh, nakelam sa market free fall and hooked taxpayers money into it. Loose nga ang credit sa kanila pero putsa naman, ang mahal sa US ngaun. My 60k pocket money didn't even last 5 days in New York.

Greenspan responded with the housing bubble with the easing of ginnie, fannie, and feddie para hindi maramdaman ang effects ng dot com crash, and therefore contributed to the subprime crisis.

I think romney will reinstall greenspan, kse sobrang dami undervalued houses in the US ngaun, those are ready stocks for sale and for a good spread of profit and another round housing bubble starting 2011 up to 2020 maybe heheh.

Ewan ko lang ha, kse ive been thinking of the next bubble eh, wala eh, it 's still housing pa din coz so many Americans lost their homes, even their equity in partially paid homes, and Greenspan is the bestman for the job.

And also I believe there now that there will be a major war in ME, syempre to finance the Americans house shopping.

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[uls]

corn


wheat

[pop3corn]

* uls, tsekan mo naman kung tama na eto. I just outlined the entire Bond instruments available na binasa ko for 2 mos. ko sa Investopedia / wiki


Bonds 10/12/12

A. Corporate Bond
1. Investment Grade Bond - secured / low yield
2. Junk Bond - unsecured / high yield
3. Convertible Bond - bonds that can be converted to stocks
4. Commercial Paper - 1 year, high yield, zero-coupon

B. Treasury Bond (per $1000)
1. Treasury Bill - 1 year, zero-coupon
2. Treasury Note - 2-10 years, semi-annual fixed coupon
3. Treasury Bond - 20-30 years, semi-annual fixed coupon
4. Treasury Inflation Protected Security - 5/10/30 years, inflation-indexed coupon
5. Pfandbrief - German covered bond

C. Municipal Bond (per $5000)
1. General Obligation Bond - municipal taxed-backed
2. Revenue Bond - backed by income-earning municipal facilities
3. Build America Bonds - higher yield, post credit crisis muni bond

D. Mortgaged-backed Security (MBS)
1. Residential Mortgage Backed Security
2. Commercial Mortgage Backed Security
3. Collateralized Mortgage Obligation

E. Asset-backed Security (ABS)
1. Home Equity Loans
2. Auto Loans
3. Credit Card Receivables
4. Student Loans

F. Collateralized Debt Obligation (CDO)
1. Pool of Corporate / Junk Bonds
2. Pool of Leveraged Bank Loans
3. Pool of Commercial Real Estate Loans / Bonds
4. Pool of ABS

G. Collateralized Fund Obligation (CFO)
1. Private Equity Fund Assets
2. Hedge Fund Assets

iOS 6.0 Mail Client


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Eto naman outline ko sa different types of Investment Funds. I categorized and differentiated it myself


Investment Funds 10/12/12

A. MUTUAL FUND
1. OPEN-END FUND
- NAV pricing per share
- issuable / redeemable shares
- variable portfolio
- can be managed or unmanaged: Index Fund
- exchanged-traded at end of day
- regulated

2. CLOSE-END FUND
- premium / discount NAV per share
- fixed shares
- variable portfolio
- can be managed or unmanaged: Index Fund
- exchanged-traded during the day
- regulated

3. EXCHANGE-TRADED FUND
- premium / discount NAV per share
- issuable / redeemable shares
- variable portfolio
- can be managed or unmanaged: Index ETF
- exchanged-traded during the day
- regulated

4. UNIT INVESTMENT TRUST FUND
- NAV pricing per share
- fixed shares
- fixed portfolio
- unmanaged
- limited lifespan
- exchange-traded at end of day
- regulated

B. HEDGE FUND
- NAV pricing per share
- managed
- leveraging and hedging strategy
- privately-traded
- less regulated

C. PRIVATE EQUITY FUND
- no pricing per share
- managed
- buy, hold, merge, sell strategy
- privately-traded
- less regulated

D. REAL ESTATE INVESTMENT TRUST
- premium / discount NAV pricing per share
- managed
- investment in income-generating real estate
- exchange-traded during the day
- regulated

E. PENSION FUND
- no pricing per share
- managed
- pooled investment for retirement
- no trading
- regulated

TYPES OF MUTUAL FUNDS
- Stock / Equity / Value / Growth / Sector / Dividend Income Fund (stocks)
- Bond / Fixed-Income Fund (bonds)
- Money Fund (money market)
- Hybrid / Balanced / Asset Allocation Fund (combination of all of the above)
- Sovereign Fund (invest in other countries)

iOS 6.0 Mail Client


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Konti na lang *uls, i have to prepare myself with equity and derivatives pa. Medyo hirap pa ako i-summarize lahat

Pag natapos na eto, malapit na tyo sa business venture natin. You will be allen, i will be Gates. You will be cook, I will be jobs

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[uls]

ano idea mo OB? mag uumpisa ka ng hedge fund?