Andre J. Peschong

The market turmoil over the past 24 months has made one thing readily apparent which is; there is no safe haven at bulge bracket firms.  Being a banker at a major bulge bracket firm was once considered the pinnacle of success in the investment banking world but now it is seen as a monolithic structure [...]

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What is “smart money”?  Smart money is an age old question that many people hear but don’t necessarily understand.  Some people believe smart money is someone with a long term horizon who looks for stellar blue chip or branded companies such as Warren Buffet buying Coca Cola.  That type of smart money is long term [...]

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That is the current mantra for banks as it portends to their portfolio of commercial paper.  The banks cannot afford to have the level of delinquencies on their commercial paper turn into a massive capital call and thus stay in the TARP money conundrum.  In speaking with some very high level management at major banks [...]

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That says it all.  I am out of the equity markets, no more stock, index funds or exposure to US companies.  At some point a line must be drawn and there has been a tremendous bear market rally giving many the peace of mind that finally the economic landscape is recovering.  Now, I may be [...]

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The title, “Ductus Exemplo,” means lead by example which is always a noble effort.  Sometimes it can be hard and feel uncomfortable but you truly don’t know yourself until you test your body, mind and spirit.  Now before everyone starts thinking that I have been tipping back the wine, getting all philosophical and introspective, I [...]

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Gordon Brown, the currently embattled Prime minister of the UK, has just been dealt another crushing blow that has very serious and profound consequences.  Because of the UK’s current economic plight, mainly stemming from banking bailout, his country’s AAA debt has been downgraded by S&P from a stable to a negative outlook.  This is a [...]

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Yes, an odd name for an article but one that has true meaning in this particular case.  The following piece came out about a week ago and it distills down the essence of the “white elephant.”  First of all, what is a white elephant?  Well, in the deal business and in “Wall Street speak,” it [...]

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In uncertain and scary times I like to use analogies so that a larger groups of people understand the gravity of the situation. Plus it also helps me distill down the essence of what is happening into relatable nuggets.  Here is my latest and greatest. 
George Washington, our founding president, of the United States died in [...]

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The sweeping changes and oversight recently proposed by the administration is the newest lightening rod of contention in the marketplace.  In the “hindsight always being 20/20 department” this is more of the same from government, regardless of political party.  Everyone is a genius after the cards have been played.  What am I specifically referring to?  [...]

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So much news and so little time.  I don’t believe there has ever been a time in history when so much news is being created by so many people on a global level.  In fact, there are so many newsworthy events happening on a daily basis that it truly overwhelming.  Lately it seems like it [...]

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