…likely, the wealth to personal income ratio has mean-reverted, and will not rise back to its 5.7 1997-2007 average. A necessary condition is that global portfolio flows rebalance – i.e.,…

…government have identified a pool of about $306 billion in troubled assets. Citigroup will absorb the first $29 billion in losses in that portfolio. After that, three government agencies —…

…sustained domestic demand with massive and open-ended fiscal deficits? Answer: a wave of fiscal crises. It sounds so imminent: re-balance now, or else. Sure the tides of portfolio flows must…

…the impetus to recovery. As such, and according to RGE last week, Asian central bankers are faced with a dilemma: Despite a flood of portfolio investments into many of the…

…an argument makes no possible sense. If markets were complete, then new financial instruments couldn’t possibly make any difference (they would be identical to a portfolio of existing instruments). As…

…on US presidents in their portfolio, and were looking for another one. Anyway, the Ex-GF and her classmates somehow began discussing the book… which led to files being sent back…

…information. The semi-strong form, like the REH has implications only for expected values conditional on public information. The EMH makes no statement about individual portfolios. It is absolutely not assumed…

…administration economist whose portfolio included Social Security (Samwick of LMS). On my analysis LMS is a horribly worker-unfriendly plan that shifts most burdens for ‘fixing’ Social Security ‘crisis’ from capital…

…possible to diversify regional risk. Banks mortgage portfolio’s are concentrated geographically, so, without securitization, a local down turn can bankrupt a local bank. There is no need for anyone to…

…in a TARP security are the same in both cases; there would be differences in the way the rest of the portfolio was managed, though, which are left as an…