Michael Swanwick explains how a monopoly can destroy itself: Nowadays, times are much easier but a lot scammier. Last week I had to buy a new palmbook/laptop. Which, I discovered…

…enough that you cannot tell the difference between the two. For years, Fannie, Freddie, and the FHA stayed out of the exotic mortgages market. Their payoff was that their risk…

…when credit markets still crimp the stimulus that the Fed so desperately wants to get into the open market (much of the base, roughly $855 billion on September 23, 2009…

…financial markets. Now it seems to me that the relationship between trading volume and market efficiency is an empirical question. One sure can’t answer it assuming markets are always efficient….

rdan Brett Steenbarger at Trader Feed has an interesting take on rules of the market for the current decade of market of stocks. In the chart, I’m looking at a…

…including the availability of significant leverage, the PPIF transactions in these frozen markets will have a significant impact on how any particular asset is priced in the market. As a…

…that this won’t revitalise the assets themselves and I will (rightly) note that option markets rather saved the equity markets in 1987, for instance. You will note that I am…

…interest rate on new special obligations will be the average market yield, as of the last business day of a month, on all of the outstanding marketable U.S. obligations that…

OK It’s Hopeless. Capitalism can’t be saved from investor idiocy Wall Street rallied on Tuesday with the kind of gusto that can only come from the starving. Citigroup (nyse: C…

…when the housing market collapsed or the stock market sank. We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil…