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A Look at an Incredibly Silly Story

…they can afford. The housing stock cannot recirculate. Banks that acquired this mortgage paper see their portfolios nosedive. That dicey paper, as William Isaac noted in last week’s Wall Street…

Toxic Sludge Inc

…but not economists. I’d say that participation in the scheme can be voluntary, provided that participating means selling all or a multiple of the portfolio of mortgage based assets with…

What is the point of credit default insurance ?

…Credit default insurance. 1) You can hedge against default on bonds by buying a diversified portfolio of bonds 2) Prudential regulations do not take account of this fact, but rather…

What is an Asset?

…if you have any of them in your portfolio. Or, as an old friend just e-mailed me, “So. I see there’s a list of 799 financial forms that cannot be…

$900 billion for you the citizen…never

…eight years. My wife and I took all of our money out of all the sectors that are in trouble today about a year ago, and yet our portfolio has…

Is Anyone Crawling to the USA???

Floyd Norris lists the Unlucky 13, a.k.a., my portfolio.* Ignoring AIG (of which more later, maybe), here are the top Market Cap losers in the S&P 500 YTD, who combined…

Report on oil speculation

portfolio, which is laden with transportation-related stocks, and lawmakers are trying to show they are addressing high gas prices. Or maybe not: European Central Bank President Jean-Claude Trichet last week…

Daniel Davies’s Three Laws Summarized

Via the sainted and gorgeous Bess Levin at Dealbreaker the erudite Felix Salmon at Portfolio.com, Michael Giberson at Knowledge Problem summarizes why even a Bush Administration initiative that might have…

Compare and Contrast

…by meeting tomorrow’s demands for a clean portfolio. John McCain has made the necessary choices – producing more power, pushing technology to help free our transportation sector from its use…