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On Wall Street, information is everything.Timely access to information as to who is buying/selling what, how much they are buying/selling, and why they are buying/selling is absolutely invaluable. The Wall Street banks…Read
By Frank Partnoy, Professor of Law and Finance University of San Diego School of Law and author of Fiasco, Infectious Greed, and The Match King The buzz on the Lehman bankruptcy examiner’s report has focused on Repo 105, for…Read
The Federal Reserve and central banks in general are running a grand experiment on the economic body, without the benefit of anesthesia. They are testing the theories of Irving Fisher (representing the classical economists),…Read
This week we do some review on a very important topic, the velocity of money. If we dont understand the basics, it is hard to make sense of the hash that our world economy is in, much less understand where we are headed. But…Read
The Implications of Velocity March 12, 2010 By John Mauldin The Velocity of Money Our Little Island World GDP = (P) x (T) P=MV A Slowdown in Velocity Dallas and Thoughts on the Economy This week we do some review on a very…Read
Pretty much every big bank is now involved in "black box," proprietary trading - trading client money and their own money from the same platform. Black box trading is completely legal, but it is still frowned upon because of…Read
Traders who sell stock short became political footballs during the financial panic that peaked with the implosion of Lehman Brothers. They were persistently pointed to as the source of the problems for financial firms. And in…Read
U.S. banks, drunk with greed, drove the nation’s economy to the brink of financial Armageddon.To save U.S. banks from losing their license to dangle the nation’s economy over a cliff, the U.S. Federal Reserve…Read
U.S. banks, drunk with greed, drove the nation's economy to the brink of financial Armageddon. To save U.S. banks from losing their license to dangle the nation's economy over a cliff, the U.S. Federal Reserve and the…Read
[This is an updated version of what is one of the most popular entries on my blog, written in early June 2009.] It has been my position since August 2007 that the need for greater transparency and the restarting of the…Read
You can get whipsawed by the politicians, economists and media predictions of the housing bottom and recovery. Most of the governments foreclosure prevention programs have unquestionably failed. But the GSE 30-year mortgage…Read
Today’s Daily Angle comes from Wikinvest Wire member REITWrecks.com. You can read the full article on the REIT Wrecks blog. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View…Read
By Tom Adams, an attorney and former monoline executive I’m usually cynical about these “genius of Wall Street” articles, but the Vanity Fair article “Larry Fink’s $12 Trillion Shadow” by Suzanna…Read
Hillary Clinton's Latin American tour struck out in a major way when Brazil rejected her plea for participation in sanctions against Iran. Hillary's offer amounted to desperation: if the U.N. Security Council (of which Brazil…Read