FDIC Pilot Securitization Program
Did you know that the FDIC is about to start issuing securitized mortgages as an investment instrument? Neither did I. But thanks to...
Climate Change: The Scientific Debate
Quite interesting, even handed, and intelligent: Part 1 Climate Change — the scientific debate A basic look at how climate...
FICO: Not a Great Default Predictor
Joe Nocera has an interesting article in the NYT about FICO credit scores. Banks rely almost exclusively on the FICO scores when making...
Succinct summation of the week’s events
Positives 1) While toughness questioned and worst case not incorporated, EU stress test has less banks failing and smaller amount of...
Friday Readings
Whenever I travel, I always accumulate a list of things to read. Its good for airplane entertainment, and is the reason I will likely get...
Home Ownership Falls to 67% or 62% (Depending on Who You Ask)
The ongoing deleveraging of the American Consumer continues apace. The most recent evidence of this is the 2.0% decrease in homeownership...
European banks/Sovereign default
The results of the stress test were of course better than thought relative to the amount of banks ‘failing’ and the amount of...
Total Market Capitalization as % of GDP
US Stock market capitalization (NYSE + Nasdaq) is now larger than US GDP. > click for bigger chart Chart courtesy of The Chart Store
European Stress Tests
trading book vs banking book/European test Ahead of the release of the European bank stress tests, the market is focusing on the headline...