To Find the Cause of the Crisis, Answer These Questions!
Bad Explanations for the Financial Crisis Won’t Die Sorry, but the simple explanations don’t hold up. The causes were many,...
A Stylized History of Quantitative Finance
A Stylized History of Quantitative Finance Emanuel Derman The evolution of a quantitative approach to finance has...
No, the CRA Did Not Cause the Financial Crisis
Lending to Poor People Didn’t Cause the Financial Crisis Look elsewhere for the sources of the meltdown. Bloomberg, June 22, 2016...
Ted Cruz’ Least Qualified Economic Advisor
Cruz Seeks Economic Wisdom in the Wrong Place The candidate turns to a man who helped set the stage for the financial crisis. Bloomberg,...
CoCo Primer: What They Are and How They Work
Tom Keene discusses the function of CoCo bonds in light of concerns at Deutsche Bank with Mohamed El-Erian, chief economic advisor at...
A Brief History of Financial Engineering
Killer slice of history from Bloomberg Business: click for utterly ginormous infographic Source: Bloomberg Business
The Year in VIX and Volatility
Terrific graphic from Bill Luby at VIX and More looking at the various potential drivers of volatility: click for monster chart...
Roundup: Fannie & Freddie Bailout
Last evening, we asked what are the costs and consequences, as well as the market reaction to, the imminent bailout of Fannie Mae (FNM)...
Paul Volcker: Finance System is ‘Broken’
“This bright new system, this practice in the United States, this practice in the United Kingdom and elsewhere, has broken...
Can the Fed Save the (Financial) World?
Roger Altman, former deputy secretary of the Treasury, thinks so: "Today, regulatory authority is divided among the Federal Reserve,...