What’s Fisher thinking today?
On Feb 15th, Fed Pres Fisher said “Wall Street keeps dangling QE3 out there. I think it’s a fantasy of Wall Street,...
Did Affordable Housing Legislation Contribute to the Subprime...
Did Affordable Housing Legislation Contribute to the Subprime Securities Boom? Working Paper 2012-005A by Andra C. Ghent, Rubén...
Pending Home Sales, Permits, Starts & Completions
I am stumped by the ongoing insistence that a turnaround in Housing is upon us. It simply is not in the data, as we saw sales of new...
Shiller: Finance for the Common Good
Discussing the good that comes out of companies like Goldman Sachs and the need for financial innovation, with Robert Shiller, Yale...
10 Monday AM Reads
Some reads to start your week: • Secular Bear Market? (Comstock Funds) see also This Bull Market Is Hard to Pin Down (NYT) • Water...
S#*@ Lobbyists Say
Lobbyists write legislation, they take your representatives out to lunch (they can pay for it if both diners are standing, not sitting),...
Macro Tides: When Will Volatility Increase?
Macro Factors and their impact on Monetary Policy the Economy, and Financial Markets MacroTides.newsletter@gmail.com Investment letter...
Bernanke repeats easier for longer stance
Bernanke speaking at the NABE conference is saying little new compared with his talk last week at GW and the statement given at the March...
What This Industry Needs is a Good Disruption
The financial services industry is in flux. Traditional investing beliefs have become discredited, challenged by experience, factually...