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...
How To Speak Hedgie
Amusing linguistic observations from Slate’s Dan Gross: Hedge-Fund Phrase: Challenging Translation: Run for the hills! Hedge-Fund...
Ratings Agencies 2007 = Equity Analysts 2000 ?
Way back in the late 1990s into the early 2000s, a previously well regarded group — stock analysts — subtly shifted the...
Goldman Sachs Conference Call Highlights
Paul has the full scoop: Highlights from Goldman Sachs’ Conf Call Today (Is it so wrong to find this terribly amusing?)
Quote of the Day: “the stunning failure of...
From the author of The Long Emergency, comes this just about perfect summation as to the present situation: “Last week’s...
Brief Foreclosure History & Mortgage Delinquency Maps
A very short history of how we got here: All of the turmoil in the CDO, hedge fund, and subprime space has come about due to a very...
Efficient Market/Random Walk Joke
Here’s my variation on the classic EMH joke: Two Economics professors are walking back to their offices after giving a lecture on...
10 Questions About CDOs
James Hamilton at Econbrowser asks the remarkably sanguine question: CDOs: what’s the big deal? He does a nice job looking at many...
Synthetic Credit Event Postponed . . .
A friend across the pond forwards this: You can’t make this stuff up!