Category Archives: remainders

Trade: Leonhardt vs Baker The Debt Delusion: Thomas Palley on the unsustainability of the business cycle as we’ve come to know it over the past 25 years. Will Publishers Lose Their Bacon if Ads Are Traded Like Pork Bellies? Online … Continue reading →

Global carbon market up 56% in 2008 The Latest Carbon Prices The Logic of Privatization Ain’t That Inexorable, Bud Chart of the Day: Why Didn’t People Watch the Oscars? Elliott Sues Cedar Hill For Spying, Stealing: "An overt act of … Continue reading →

Fun with I-Banker Compensation Morgan Stanley Balks at New CICC Bids: They fell to $600 million from over $1 billion. Greenspan’s Oil Call: And all the other times he’s been wrong. Vegetable Capital Ripens: Equity Private on hedge-funders in Hollywood. … Continue reading →

Monolines: Breaking up is hard to do, yet Bond Insurer Plans a Split to Protect Ratings Outdated Prices Blamed in Credit Suisse Error Real Choices: Why TIPS are attractive even at low yields. But I’m not sure I like the … Continue reading →

Pimco to run World Bank fund for bonds: Developing local markets and making money at the same time. Is there useful work in economics? Dani Rodrik thinks so. Peace through Superior Football: A proposal that Israel and Palestine should jointly … Continue reading →

Incredible Correlation: Credit markets just get worse and worse. Fear and loathing, and a hint of hope: The Economist surveys the world of securitization. S&P cuts 28 CPDOs after revising ratings models How Did KKR Financial Become A Buyout Loan … Continue reading →

What I really think of the new popular economics books: Tyler Cowen on Freakonomics and Tim Harford. Astute. Global 10-Year Government Bond Yields: A handy country-by-country comparison. $100 Oil: It’s Baaack… If the Dollar Could Speak Stuff White People Like

The proviso on a carbon tax – determining the price of carbon – is a show stopper Credit markets beware: CPDOs on the cusp of forced deleveraging: I love it when Sam Jones gets his nerd on. China Mobile: 400,000 … Continue reading →

Citigroup Leveraged Fund Falls Amid Bond Market’s Volatility: Falls by 52% in one quarter, to be precise. Who wants a recession: More people than you might think. McCain and Obama Skirmish on Financing: It’s possible we might yet have a … Continue reading →

Privately Public: Equity Private on public investment banks. McCain takes aim: At Obama. In defence of the investment bankers: John Gapper doesn’t think much of regulating bankers’ pay. College a waste of time and money for kids Online Ad Spend … Continue reading →

Handicapping the VP Race Systemic risk rises: correlation hits new highs: Sam Jones is really good on this stuff. Apple Shares Rolling Downhill: "As of Feb. 12, Apple shares had dropped 36% since the beginning of the year. Research In … Continue reading →

A climate for old men: Charles Komanoff on the Kheel Plan, the revolutionary proposal to make all public transit in NYC free. It’s actually not nearly as crazy as it sounds. T-Mobile Loses Starbucks; AT&T Becomes Wi-Fi Hotspot Giant Tolkien … Continue reading →

Capital One offers five horrendous ideas for spending borrowed money: "What Capital One is doing here is equivalent to Anheuser-Busch sending out mailings encouraging customers to drink till they puke." Can we STOP with the Predictions? "Try and predict the … Continue reading →

Does This Profile Make Me Look Fat? The Epicurean Dealmaker on Steve Schwarzman. Money:Tech and the myth of Open: "Even the SEC, whose purpose of late is solely ensuring that price sensitive information is shared freely to all, takes the … Continue reading →

House introduces ‘Credit Cardholders’ Bill of Rights’ Social networking traffic growth model: "Examining the empirical evidence on social network traffic, I have formulated a new theory: Social network traffic grows exponentially for about two years, and then follows a random … Continue reading →

You have failed me for the last time, Auction Rate Municipals! Accrued Interest explains that it’s all a storm in a teacup really. Societe Generale – behavioral economics at work The Strait of Messina: The Epicurean Dealmaker explains big stock-market … Continue reading →

More on the Stimulus Package: Larry Summers sells a stimulus package, one phone call at a time. Why the US has really gone broke: "The economic disaster that is military Keynesianism". Foreclosures come to the Hamptons The Birthday Party: Since … Continue reading →

Better Than Free: "I think ads are only one of the paths that attention takes, and in the long-run, they will only be part of the new ways money is made selling the free." The Financial Times Says That Bankers … Continue reading →

The corporate slogan of the month award goes to … Oxford Funding Corp: Nothing like putting the word "meltdown" in your slogan. The competitive advantage of cash in the bank Research Roundup: Monoline Update Worker at Lazard’s Atria Reacts to … Continue reading →

Subprime Lenders Get Big Accounting Break at SEC: Jonathan Weil is fisked by Paul Jackson and Tanta. The Dirty Little Secret behind ETFs: Tracking errors as large as 478bp. And you know they’re never in the investor’s favor. Ratings agency … Continue reading →

JPMorgan Chase Tower at WTC Site to Lose the Beer Gut Peloton’s `World Coming to an End’ Bet Returned 87% in 2007 Carlyle Chairman: There’s No Crisis Mexico Slashes 2008 Growth Forecast on U.S. Economy: It’s now expected to grow … Continue reading →

Morgan Stanley and the $7 Billion Unknowable: Commercial mortgages are now mark-to-model Level 3 assets. IMF Sees World Growth Slowing, With U.S. Marked Down: But the US will avoid a recession, it seems. Lessening the Reliance on VaR: It’s About … Continue reading →

Schmalpha: "Defer to Napoleon’s Law, that, in the absence of empirical data on skill, persistent luck is the best quality to look for in a general, and in a trader". Why Would Presidents Envy Bad Growth? "President Bush’s growth record … Continue reading →

The Great Deal Spread of 2008: A merger-arb hit list. Might Google Buy the New York Times? I thought that was my idea! The global economic impact of private equity investigated in most comprehensive report: Yes, that really is the … Continue reading →

The worst market crisis in 60 years: Soros is bearish. Soros Says U.S. Recession Is ‘Almost Inevitable’; Soros Sees End of Dollar-Backed Credit Expansion: Bloomberg on Soros. The gloomy gospel according to George Soros: Leonard on Soros. Systemic Failure: Norris … Continue reading →