…can easily lose his or her entire stake.” But they still own the house, and still get to live there. (If I buy a corporate bond, the market price may…

…not ‘looting’, but it is a promise that creates a specific future obligation, and is specifically booked as debt and shows up in the familiar $9 trillion total debt as…

…better long term return than bonds. At least US stocks do. And that’s true even if you substantially discount current US equity prices which seem to be rather high and…

…direction of cause and effect in this chart of quality spreads and capacity utilization. Is the current quality spread a measure of the bond market forecast of economic activity? END…

…said. … The loan reviewers’ role was just one of several safeguards — including home appraisals, lending standards and ratings on mortgage-backed bonds — that were built into the country’s…

…a segment or a business or related to a change in accounting principle. Wamu bond rating hits BBB, and bonuses EXCLUDE expenses from performance disaster. I wish I could do…

On January 10 Moody’s, in concert with the other main bond rating firm, Standard and Poor’s, gave the United States its top AAA credit rating. The terrorist blackmail threat came…

…markets. In essence, he argues that the US has issued so many dollar debt instruments, and exporters have accepted so many of them over the years, that we are locked…

…to one, limited only by their self confidence and taste for risk. Private equity, which might be better named private debt, gets its astronomically high rate of return on equity…

…by draining money from the economy through bond sales. “This policy revision is an important reform in foreign exchange management,” the agency said on its Web site. “The implementation of…