Sunday Link Fest!
• "Its different this time." Make no doubt about it – thats precisely what Alan Greenspan said about the "puzzling...
Why Investors Fail
Nice piece by BMO Nesbitt on why investors fail: “Individuals have historically underperformed the markets, earning just 2.6% vs. the...
The Global Real Estate Obsession
Interesting Real Estate/Housing discussion in, of all places, the NYT Week in Review. It turns out that "cheap credit worldwide...
Economy or Stock Market ?
Alan Abelson writes in this week’s Barron’s: "In his letter to the Times, Mr. Mankiw [former Chairman, Council of...
Net change in total liabilities
The previous discussion on Household Debt, based on St. Louis Fed’s chart, generated a robust discussion in comments. Lest anyone...
Household Debt
I’ve said this before: Betting against the US consumer has been a losing wager. And yet when we look at the parabolic rise of...
The Convexity Grab
Heady stuff from across the pond: FT looks at the "convexity grab" earlier this week when the 10 year crossed (albeit briefly)...
Is ReFi activity slowing?
Prior to July 2003, mortgage refinancing activity seemed to track movements in interest rates fairly closely. Since then, however,...
U.K. foreshadowing U.S. Economy
"The sheer scale of consumer debt has made millions of households extremely vulnerable to shocks in the economy, both from fiscal...
All about the Yield Curve
More on the J.E.C. testimony day yield curve conundrum: Dan Gross points to a terrific Smart Money article all about the yield...