…well deserved praise for Bill McBride and Calculated Risk. Paul Krugman in the NYT posts All Hail Calculated Risk and praises Bill’s work as well. Bill has a gift for…

…I know someone who fits that description perfectly: Warren Spector. He tracked the errors, he knew when the departments were not producing well, he pulled plugs, and he checked risk…

…were huge while the risk was nothing that AIG couldn’t handle. This profit opportunity could exist because of binding prudential regulations — banks worried about capital requirements and managers of…

…would take that as encouraging. “Hedge funds tend to look at counterparty risk as they would an equity investment,” said Adam Sussman, director of research at TABB Group LLC, a…

…firm. Privatize the profits, socialise the risk. Paul Kedrosky is correct when he says we should not throw around phrases such as “moral hazard” and “risk homeostasis,” yet we are…

…also protective for dementia: “Last year, a preprint study in Wales suggested that the live shingles vaccine may be associated with a 20% reduction in dementia risk, with the relationship…

…future short term rates. Medium term rates are equal to the expected geometric average short term rate plus a risk premium. The risk premium could be negative in theory, but…

…low on cash, you’re supposed to pay your debt holders and reduce—or even forego—dividend payments.* So equities should have a premium—it’s a risk-adjusted premium for the likelihood of the firm…

…breaking up the big banks? EW: You’re approaching risk from two different directions. One is the risk of the activity. That’s the Volcker rule. The other direction is to say…

…where there were no such perceptions of risk. And it wasn’t willing to help everyone that had been blindsided by these perceptions of risk, but rather just one group that…