via the Onion
Catching up with the Fed’s Thinking
The WSJ has what appears to be an "All Fed, All the Time" edition out this morning. A combination of articles does a very good...
The Quants Explain Disaster
Floyd Norris posted a fabulous take down of the report from Goldman Sachs entitled “The Quant Liquidity Crunch." The...
Major Central Bank Intervention in the Current Global Liquidity...
Great chart, via Plexus Asset Management: > Its so simple! How can this not work? > Source:Why the Fed’s rate cut did not come as...
Quote of the day: Kasriel on Leverage
From the ever readable Paul Kasriel: "Fund managers and investors have been puzzled why prices across a wide spectrum of assets...
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...
Quote of the day: Moral Hazard
I don’t agree with everything in this Op-Ed, but these couple of paras caught my eye: "The current crisis is the result of the...
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...
Open Thread: Closing the Barn Door on Sub-Prime ARM Mortgages
To be filed under "Better-Late-Than-Never" regulatory actions: The Federal Reserve is considering the following changes in...