New Project(s)
What a crazy week — and the market is the least of it! We moved from our old space on Park Avenue & 49th (across from the...
The Fine Line Between Investment Grade and Junk
I love a capella, and enjoy a good economic parody. So how could I not love the Richter Scales ode to the 2007 credit crunch, sub-prime...
Martin Feldstein on the Housing/Credit/Economic Mess
Regular readers know that I am not a fan of the WSJ Op Ed page. In addition to their playing fast and loose with facts, I find their...
One Way Days: Are the rules different this time ?
That’s the intriguing question asked in a recent WSJ article, New Rules For Picking A Bottom? Don’t leap to the wrong...
A Demon of Our Own Design
I previously mentioned A Demon of Our Own Design in a linkfest a few weeks ago. I enjoyed the book a great deal, and just about finished...
CDO Insiders: “We Knew We Were Buying Time Bombs”
Here’s an email I received late yesterday from a friend, "R," who was in the CDO business from way back when to right...
“Dear Investor” — Quant Letters to Clients
These are floating around anyway, so we might as well offer them all up in one place: (Thanks, Rob!) Below you will find the various...
The Quants Explain Disaster
Floyd Norris posted a fabulous take down of the report from Goldman Sachs entitled “The Quant Liquidity Crunch." The...
Open Thread: A Stealth Fed Rate Cut?
Today’s absurdity was this rumor circulating that the Fed was arranging a secret meeting. Than the rumor came that they were going...
Subprime Credit Rot
Rather than respond to the various cheerleaders and pollyannas (Ben Stein, Brian Wesbury, David Malpass, et. al.) who have been telling...