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I like this comment by Yves Smith

…effect of today’s equity market gyrations is further distrust in the markets, particularly by retail buyers. I am told that various retail trading platforms were simply not operating during the…

What to do about CDO ratings?

…economy. This is not a joke. First assume that the CDS market is transparent with full disclosure and mandatory trading on exchanges. We learn a lot if an investment bank…

CM + IT = Disaster

…been deploying for years and posting record new trading revenues— On the other side of humanity, more sobering numbers include a record 2.8 million properties in foreclosure for 2009, a…

Eurozone saga…what’s up?

…Greece. Stuck in the euro, its exchange rate with its main trading partners is fixed. Greece cannot devalue, so it needs more time to adjust than the three years it…

Spurious Correlation of the Day

…inflating. This might suggest that the people who were buying in 2006 were more likely to be “trading up” than buying for the first time. There is anecdotal evidence to…