Impressive Work at Citi

Citigroup has barred investors in one of its hedge funds from withdrawing their money, and a new leveraged fund lost 52 percent in its first three months, The Wall Street Journal reported on Friday.

Bolding mine. Full articles here and here.

Posted on February 15, 2008 by Ledra Capital and filed under Finance.

Paulson

Q for Paulson: Is the worst over? Paulson: The worst is just beginning.

[youtube=http://www.youtube.com/watch?v=ETQj3a221EQ&rel=1&border=1]

Posted on February 13, 2008 by Ledra Capital and filed under Finance.

Home Prices in Bubble Regions still have a few to go...

From the WSJ

If you own a home in a former bubble region like California or southern Florida, there's bad news… and really bad news

But the really bad news is that, even after a year of misery and falling prices, homes in many of these regions still aren't cheap. They remain wildly overvalued compared to average personal incomes.

There is a strong long-term correlation between the two figures. And in many regions, house prices would still have to fall a very long way to get back into line.

How far?

Try around a third in Florida and Arizona -- and closer to 40% in California.

Yes, from here.

Posted on February 12, 2008 by Ledra Capital and filed under Finance.