…use of equity and other non-fixed income assets to generate returns, which make for volatility. New teacher’s pay in approximately 10% of salary. I believe in 2008 the MTRS reported…

…the real economy’s “fuel.” Financial investments in business — whether in the form of equity or credit or some weird hybrid — are more like lubrication. A flow of financial…

…more capable—are only capable of offering defined contribution? That “underfunded pension benefits” are evil, but “overunded” pensions led to the LBO (now “Private Equity”) movement of the 1980s. That, in…

…shackled with toxic real estate when so many are already in negative equity. Every town and village in the country sports its token ghost estate, the relic of the boom…

…to €99bn by issuing bonds — guaranteed by the Kingdom of Spain — to private investors. And the equity it lends to banks really resembles more of a subordinated loan…

…equity markets, the case for privatization disappears even more quickly.) Doug Elmendorf’s admission that there may well be a perpetual Social Security surplus, even if it is phrased as “some…

…versus the European debt crisis, EM inflation expectations rising, or the like. The chart below proxies the three channels using the 5y-5yr forward TIPS rate (1), the S&P 500 equity…

…and let’s put some numbers down for simplicity of keeping track of going on. Say this one actor has $100 million (whether debt or equity is irrelevant to the model)…

…notes reveal a previously undisclosed 2007 meeting in which Mr. Rattner first provided his account to Mr. Cuomo’s investigators about how his private equity firm, Quadrangle Group, had obtained a…

…unemployment, negative home equity (“under water homes” worth less than their mortgages), mortgage payment arrears, or foreclosure. In November 2008, one quarter of Americans aged 50-59 reported that they’d lost…