Hints and tips:
...He added that the trade could “get smoked because you are effectively collecting pennies in front of a steamroller”....
...Colby, how might this affect the thinking of the Federal Reserve? Colby SmithIt’s certainly an important factor for the Fed....
...The proposals have the potential to allow stock exchanges to offer share prices in fractions of a penny, as off-exchange dark pools and wholesale traders already do....
...Additional reporting by Colby Smith...
...As Duke University law professor Mitu Gulati warned, the type of people snapping up Venezuelan debt at pennies on the dollar will be “litigation specialists”....
...“Pemex has repriced substantially, and the real question is not if they will be downgraded, but when,” said Penny Foley, co-head of emerging markets at TCW, an asset manager, who is underweight in Mexican...
...walk-back aimed at making bondholders more comfortable, but the longer-term implication of what the government has done is large and it could have significant negative ramifications going forward,” said Penny...
...Still, the amount they are spending is pennies compared with the tens of millions being spent by the super-Pacs that support Mr Romney and Mr Gingrich – for now....
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