There’s a wonderful set of flash based illustrations of how CDOs are put together as an online companion that goes with the must...
Read More
Data through October 2007 for the Case-Shiller Home Price Indices fell 6.1% year over year, showing broadbased declines in the prices of...
Read More
Earlier this week, my pal Larry Kudlow showed a chart of M1. His purpose was to demonstrate that the growth of the money supply was...
Read More
Run-don’t-walk to read Jesse Eisinger’s article, Wall Street’s Next Crisis: "In their own way, however,...
Read More
Thus, It Begins: I believe Barclays is now the first big plaintiff against the major Wall Street brokerage houses. The United Kingdom...
Read More
Part of an interesting series at Google: Paul Krugman. If you don’t know who he is, Krugman writes a twice-weekly column for the...
Read More
Since the Housing market peaked in August 2005, we have argued that reported home sale prices dramatically understate the actual price...
Read More
The Fed slams the barn door shut: "The Federal Reserve, acknowledging that home mortgage lenders aggressively sold deceptive loans...
Read More
> “Hindsight is always 20-20, but it’s clear the Fed should have acted earlier. Financial innovation is great, but you have to...
Read More