Browsing All Posts filed under »finance«

Recommended Reading: “The Great Depression” by Benjamin Roth

October 19, 2010


Found the book via Megan McArdle’s recent post – “Should We Just Call a ‘Do-Over’ on the Mortgage Market?“. (The answer is a resounding “no” BTW… There are other more painful, but more effective ways to solve the problem.) Benjamin Roth was a lawyer in Youngstown, OH through the Great Depression and kept a running […]

Recent Housing Bubble reads

April 19, 2010


Just finished reading “The Big Short” by Michael Lewis – a nice explanation of CDOs and their contribution to the housing bubble. Lewis takes a head-shaking-you-won’t-believe-this-happened viewpoint than Gregory Zuckerman’s “The Greatest Trade Ever.” (Zuckerman takes more of the holy-crap-you-won’t-believe-that-this-Paulson-guy-figured-out-the-trade! approach.) Lewis only mentions John Paulson and his hedge fund once in the entire book […]

Indulgences & Seigniorage

November 27, 2009


(Note: My thoughts on this aren’t completely formed, but I felt it important to record as a start to the formalization process…)Trolling through, I came across Jay Walker’s presentation about his Library of Human Imagination. One of the artifacts he displayed during his talk was a Gutenberg Bible (about 90 seconds into the video) […]

"Too Big to Fail" & Charlie Rose

October 21, 2009


A recent issue of Fortune Magazine included a nice piece about Charlie Rose – “Why business loves Charlie Rose.” I’m thankful for the article because it reminded me how much I enjoy his program so I’ve now set my DVR to record these episodes. Heck, if Warren Buffet watches it, I probably should. Mr. Rose […]

John Hussman on the Banking & Housing Markets

March 31, 2009


From John Hussman, of Hussman Funds, this article provides one of the most lucid descriptions of why the poorly constructed (I hate using the word “toxic”…) mortgage assets on bank balance sheets pose such as problem, and a clear set of solutions that would probably work if implemented. Hussman explains why allowing the banks to […]

Geithner on George Stephanopoulos

March 29, 2009


Watching the George Stephanopoulos show this morning (I’m not sure why, but….), but here are some notes from the interview: “People with ideas still want to come to the United States.” “We need banks to take risk again – take a chance again on providing credit to that business…” After Stephanopoulos introduced Paul Krugman’s comments […]

Milton Ezrati at the IMN Distressed Investment Summit

March 19, 2009


Milton Ezrati, Lead Economist at Lord Abbott, opened Information Management Network “Distressed Investment Summit: Credit Crunch Investment Strategies for Institutional Investors” conference on Monday. From his viewpoint, the market is running on emotion, which is covering up current market fundamentals. And the market ran on emotion over the last couple of years, which previously covered […]