Notes Toward Modeling a Risk-Free Rate with Default Possibilities
Brad DeLong asks why it hasn’t been done, if it hasn’t been done. The biggest problem I can see is that you don’t know how insane the participants are—and that…
Brad DeLong asks why it hasn’t been done, if it hasn’t been done. The biggest problem I can see is that you don’t know how insane the participants are—and that…
…being CEO of a diversified portfolio of firms. This means that uncertainty about the returns on fixed capital causes lower investment. Fortunately, managers can hedge this risk by buying medium…
…exemption for “portfolio” interest–allowing foreigners to earn income by making deposits in our banks without taxation. We have also not required banks to provide information reporting on that income–so that…
…on the elasticity of demand for those assets. The elasticity of demand for assets should depend on the covariance of their returns wwith that of the market portfolio. 7 year…
…Federal Reserve officials made note of the possibility of a further expansion of the portfolio. Consequently, when the Committee announced in early November that it intended to purchase an additional…
…facts which almost no one knows) then one should buy and hold the market portfolio. This means low trading volume and low fees. This means you buy equal amounts of…
…the saving rate and increasing current consumption; but to what end? Wall Street’s doing just fine, in fact. I’m a macroeconomic analyst and portfolio manager in the global fixed income…
…the inflated and non-buyable property over to the citizens, as if they’d acquired a new portfolio. Merrill-Lynch was solicited for its counsel prior to the fiasco and advised against a…
It occurred to me that some Angry Bear readers may be interested in a short analysis of the Egyptian bond market. Professionally, I’m a macroeconomic analyst and portfolio manager on…
…Brennan, a portfolio manager for Summit Global Management, a $450 million-in-assets San Diego–based firm that has a water hedge fund as well as a water-rights fund — a private investment…