NBER’s Hall Sees `Conclusive’ Evidence of Recession: "’The evidence is more than compelling,’ Robert Hall, the Stanford University economist who leads the National Bureau of Economic Research’s business cycle dating committee, said in an interview. ‘It’s conclusive, in my personal opinion.’"
The IMF should guarantee emerging market debt: Mario Blejer attempts to destroy the International Monetary Fund after being cuckolded by its managing director.
Jump Risk and Dangers of CDS: "Moving to an exchange will put the burden of handling margining into a central party with visibility of all contracts, and with the benefit of hindsight will set collateral and leverage requirements with the understanding that these will jump in a correlated fashion." I’ll believe it when I see it.