Category Archives: remainders

Insolvency is philosophy, illiquidity is fact Church and state on the Journal masthead Q: What’s the worst thing you can do with an iPhone? Chris Anderson discovers iPhone international data roaming, and the atrociousness of AT&T customer support. Injecting Liquidity: … Continue reading →

The next subprime: Reverse mortgages Lessons in demand elasticity: Daniel Hall on the politics of public-transport prices. Lehman’s 2007 Bonus Pool Rises Almost 10% on Higher Revenue Contest: Fun with Farecast — Home for the Holidays: Paul Kedrosky finds LA-Kansas … Continue reading →

Greenspan and Housing Inventory BofA Chief Sees More Pain Ahead The Magazine Subscription problem: Solved, in the comments, by Jason Kottke. How To Destroy An Analyst by POT Who is more independent than whom? John Gapper on ownership structures at … Continue reading →

Morgan Stanley: Recession Likely: Northern Trust, too, has a recession call. Realigning English into gobbledegook Saving Banks: How the Mortgage Bailout Strains Accounting I Agree With Clinton on Mandates

Baywatch: Bigger than Aid? The Trading Game: Where Losers Can Win and Lose Again: "The mere ability to lose hundreds of millions and wake up in the morning does not a great trader make". Ten things to know about the … Continue reading →

How big a deal? Paul Krugman on the mortgage-freeze plan. One Perspective on Gas Prices True Story: TED on why fairness opinions are bunk. M&A bonanza: Dollar’s fall delivers takeover bargains

It’s Not 1929, but It’s the Biggest Mess Since: "This may not be 1929. But it’s a good bet that it’s way more serious than the junk bond crisis of 1987, the S&L crisis of 1990 or the bursting of … Continue reading →

Looking for the Weaknesses in United Rental’s Lawsuit Spiky America I lost my appetite: How come risk appetite seems to be so volatile? Peter Orszag: blogging! Fake it until you make it: A housing flipper saga Productivity Is Revised Higher, … Continue reading →

US house price index only now indicating depth of crisis Small-town America: The new Bangalore? Homeowners With Negative Equity The Samwick Family Fund: Giving stock to charity, made easy. Subsidising rootedness: "When people speak of ‘putting down roots’, they generally … Continue reading →

Conversations with the Trading Desk: Rick Bookstaber on the trader’s mindset. Editorialists Gone Wild: The Post on Nafta CRUSHING BEAR HUG FOR HEDGE HONCHO: Ralph Cioffi failed at running hedge funds, now he’s failing at starting them. How to save … Continue reading →

Market Bailouts and the "Fed Put": Mark Thoma deserves some kind of medal for doing this. Fed speeches are long and dense; Thoma’s worked out a way of making them much easier to read without losing any of their subtleties. … Continue reading →

Market Bailouts and the "Fed Put": Mark Thoma deserves some kind of medal for doing this. Fed speeches are long and dense; Thoma’s worked out a way of making them much easier to read without losing any of their subtleties. … Continue reading →

Speech by SEC director Erik Sirri: "In retrospect, the super senior ABS CDO was nearly a perfect structure to lull even sophisticated traders and risk managers into a state approaching complacency — and blind them at least temporarily to fundamental … Continue reading →

Wall Street Rumor: Paulson leaving Treasury to run Citigroup The Liquidity Crunch Deepens: 2-month Euribor hits new highs. Loan Radar: Syndie loan bankers revert to type: "This month has seen BHP Billiton informally line up a $70bn loan, Rio Tinto … Continue reading →

Simons at Renaissance Cracks Code, Doubling Assets: Jim Simons grants an interview to Bloomberg’s Richard Teitelbaum. CPDOs Bloodbath [continued] Subprime Near a Bottom? Most bonds have a natural recovery value of at least 20 cents or so. Low-tranche subprime RMBS? … Continue reading →

InTrade fee structure discourages selling the tails? Sweatshops, sweatshops everywhere CDO Dumping Ground Still Sinking Where Is the Fed? "Way, way behind the curve." The end of the world’s nastiest democratic politician: "I wondered when Gordon Brown became prime minister … Continue reading →

UBS debt deal loses 90 percent on financials-Moody’s: A CPDO blows up. Oil: Key players and movements Megachurches Add Local Economy to Their Mission: "The Evangelical Christian Credit Union in Brea, Calif., a pioneer in lending to churches and a … Continue reading →

Attention Target Management: Pay No Attention To Analysts Begging for Buybacks On Sub-primeitis (or the sub-prime ate my homework)! Europe Suspends Mortgage Bond Trading Between Banks All about Flowers: ‘He just wants to win’ Overcoming Bias After One Year: Robin … Continue reading →

Shotgun Wedding: The Epicurean Dealmaker on Cerberus vs United Rentals. Options Narrowing as Britain Tries to Stabilize Bank: Northern Rock really doesn’t look very attractive, despite having quite a few suitors. Mortgages in Bankruptcy 101 Ambulance carrying heart-attack patient delayed … Continue reading →

Fed’s Gary Stern Makes Lame Arguments Against Increased Credit Market Regulation Washington Mutual: What I have told you was true… From a certain point of view: A WaMu bond investor’s lament. Fox Business News’s Apple-AMD flub: Apple? Sounds a bit … Continue reading →

CPDO Cash-In Newsflash: The Law Matters! Elizabeth Warren on the Deutsche Bank case. Trusting the birth/death model GM Watch: The Flap Continues: All you ever wanted to know about third-party document custody. It’s interesting, really! What Will $1 Million Buy? … Continue reading →

Life, liberty and the right to play online poker: Andrew Leonard watches the Family Research Council’s Tom McClusky get slapped down by Steve Cohen, D-Tenn. Why I’m Prepared to Become Citigroup’s Next CEO: Michael Lewis The making of a UPS … Continue reading →

Why homeownership may be bad for America The Real Cost of Smoking: "Every pack of cigarettes that an adult male smokes knocks off $222 from the value of that man’s life." Why I Need CNBC: Ken Houghton discovers that CNBC … Continue reading →

Crooked Timber’s Dani Rodrik seminar. Featuring Thoma, Quiggin, Farrell, Warsh, Knight, Przeworski, Drezner, Davies, and a response from Rodrik. Truly the econoblogosphere is becoming the best economics education money can’t buy. Plus ça change: Amsterdam’s 17th-Century stock market. Kevin Rose … Continue reading →

Citi’s giant write-downs: What did it know, and when did it know it? Blackstone’s M&A Biz Provides No Relief: You thought Blackstone was an M&A advisory shop as well as a private-equity firm? Turns out, not so much. Also: Blackstone … Continue reading →