…about the stock market “Wading into a discussion about the stock market is dangerous business. In contrast to politics, where there are relatively few people willing to do serious quantitative…

…that financial markets are efficient and inefficient. If financial markets are efficient, then the way to maximize risk adjusted returns is to buy and hold the market. If one is…

…financial market liquidity indirectly by ensuring banks have adequate liquidity to make loans to other investors.” Now two other meanings of liquidity. The first, market liquidity, is not the liquidity…

…bonds, not anything about the larger CDS market. And synthetic bonds are really a very small part of the CDS market. I’m not sure how you could possibly create a…

…had hoped.** We also don’t want to read too much into short-term market moves.*** But there’s little doubt that uncertainty, and some fear, over Barack Obama’s economic agenda is also…

…financial institutions, which marks assets to the market value, no matter the conditions of the market. When no meaningful market exists, as is the current market for mortgage backed securities,…

…borrowed ever-larger sums to live beyond their means through exotic mortgages, questionable auto loans and lax credit-card rules. In the housing market, mortgage companies were aided by real-estate appraisers, who…

…you offer? Why not suggest a $90–$10 split? If your game partner is a rational, self-interested money maximizer, he isn’t going to turn down a free 10 bucks, is he?…

In the previous OldVet comments I talked about the relationship between interest rates and the stock market. I just though I would but up one example of what I was…

…helped our mortgage markets function more efficiently while providing wider access to mortgage credit. But some of these innovations also have negative aspects. As the mortgage market has become more…