…avoid further confusion. Why is this amount so different? As far as I can tell the $3,000+ is based on the potential auction revenue the government could collect by auctioning…

…$150B, 85-day auction to get firms through year-end. (For contrast, the last 84-day [12 week] auction had a bid-to-cover of 1.27.) Clearly, all the firms that are using the TAF…

…bonds with fixed rates of interest, higher than they are accustomed to. The thing is, innovations such as auction-rate securities are, conceptually, a great idea. One of the things that…

…firm agreed that the municipalities’ investments in so-called auction-rate securities weren’t allowed under state law. Byrne said UBS was pleased with the settlement, in which the company agreed to reimburse…

…India, an expedited auction schedule for utility-scale onshore wind and solar PV along with improved financial health of distribution companies is expected to deliver accelerated growth. Renewable energy expansion also…

…supply chain issues and trade concerns in the near term. Whaile in India, an expedited auction schedule for utility-scale onshore wind and solar PV along with improved financial health of…

David Zetland writes on “replacement theory” (originally published at One Handed Economist) Replacement theory in the US “Replacement theory” is a semi-racist, often-hysterical belief that — in the US —…

…Greater Fool Theory of Investing. Like disco and yacht rock, they had their day. But eventually, the fools are left holding the bag: “Flash forward a year, and the vast…

…medicine before the germ theory of disease. Lots of people in 1854 were trying to figure out what caused cholera, and how it was transmitted. The dominant theory was “miasma”…

…modern monetary theory people — who say that deficits never matter, as long as you have your own currency. I wish I could agree with that view — and it’s…