Greenspan’s Legacy
I am traveling today, but filling in today with a special guest post is Jack McHugh:> Stocks took some positive news on the credit...
The Fine Line Between Investment Grade and Junk
I love a capella, and enjoy a good economic parody. So how could I not love the Richter Scales ode to the 2007 credit crunch, sub-prime...
Martin Feldstein on the Housing/Credit/Economic Mess
Regular readers know that I am not a fan of the WSJ Op Ed page. In addition to their playing fast and loose with facts, I find their...
A Thought Experiment
Jack McHugh engages us in this delightful thought experiment: > "Let’s try a little thought experiment to examine just how...
Recursion, Reflexivity, Feedback Loops & the Fed
chart courtesy of Meir Atazur > I love when graphics can depict a lot of information elegantly. The above chart (via Meir Atazur)...
Five Reasons Why the Fed Will Cut Rates
Late August, we reviewed Marketbeat’s Five Reasons Why the Fed Won’t Cut Rates. At the time, we noted they...
A Demon of Our Own Design
I previously mentioned A Demon of Our Own Design in a linkfest a few weeks ago. I enjoyed the book a great deal, and just about finished...
Quote of the Day: Free Trade
Bill King reminds us that decades ago Milton Friedman chided those that worry about the US trade deficit by asserting the US gets real...
“Capitalism without Financial Failure is Not Capitalism...
Jim Grant with a very worthwhile read in this yesterday morning’s NYT: The Fed’s Subprime Solution. Grant notes that credit boom...
CDO Insiders: “We Knew We Were Buying Time Bombs”
Here’s an email I received late yesterday from a friend, "R," who was in the CDO business from way back when to right...