Get used to hearing that phrase: Counter-Party Risk. You will be hearing a lot of it in the coming year. Its one of the reasons I...
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Read this Michael Lewis piece: What Does Goldman Know That We...
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Original title: Tyler Cowen, Apologist for Fraud? > Over the years, I’ve noted the problems I’ve had with Economists...
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This week, the Federal Reserve reported that revolving consumer credit had risen 7.4% from the same period last year. Outstanding...
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Nothing like a combination of reckless lending standards, aggressive stupidity and irresponsible behavior being rewarded. For pushing no...
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Scarsdale Equities holds a regular luncheon, immortalized in the book The Money Game. I am privileged to occasionally break bread with...
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You may have overlooked this short but fascinating column in Bloomberg yesterday: "Merrill Lynch, founded in 1914, sold hundreds of...
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This is a classic:> "I don’t know why the banks had to find new ways to lose money when the old ones were working so...
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The following has ben pinging round the inter-tubes for weeks . . . The author is Cameron Crise of Fortis Investments in London:...
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Since we have New Home Sales at 10:00am this morning, let’s take a look at U.S. House Inventory, Priced in Dollars: > Total...
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