Warren Buffett Knows That Tax Rates Matter
Student DP recommends this article by Clifford Asness.
View ArticleI’ll Be Adding This One To My Reading List
Kudos from George Akerlof got my attention. This review describes a book explaining the success of China’s development policy, a policy that mixes capitalism with central planning.
View ArticleMorgan Stanley Buying Piece of ERIS Exchange
Morgan Stanley’s purchase of an equity stake in ERIS tells me that swap dealers are not content with dealing swaps through a futures exchange, particularly one not run by a swap dealer. This move...
View ArticleLIBOR Cases
Last summer it was Barclays admitting LIBOR manipulation, now it’s UBS. Yes, there is incriminating email and IM traffic so clearly inappropriate stuff was going on. Yet, I expect the zero sum nature...
View ArticleFrom the Program for the American Economics Association Meetings
Jan 07, 2012 8:00 pm, Hyatt Regency, Crystal B American Economic Association The Economics Humor Session in Honor of Caroline Postelle Clotfelter(Z1) Presiding: ORLEY ASHENFELTER (Princeton University)...
View ArticlePicking Stocks
Interesting study followed stock pickers for over a decade. Found that on average correct picks were under 50%. Click Here.
View ArticleCopper ETF
There are some who firmly believe that futures market speculation is behind high oil prices. The evidence for this conclusion is very weak. At best, research finds that high levels of participation...
View ArticleJack Lew Signature
This is from Peggy Noonan’s blog. She is commenting on the signature of Jack Lew, the current nominee for Treasury Secretary. US currency notes are signed by the Treasury Secretary. Click Here to see...
View ArticleWSJ Introduces New Rates Table
Responding to concerns regarding the representativeness of LIBOR listings, the Wall Street Journal has begun posting transaction-based indicators of interest rates. Quoting from the announcement: The...
View ArticleMJ?
On Thursday, the president nominated Mary Jo White to head up the SEC. Saying that he was putting a cop on the beat repeated a line from Senator Levin’s critique of the CFTC’s handling of the Amaranth...
View Article2008 Crash
This Scientific American article maintains that the reason for the 2008 financial collapse was not some sort of fancy-schmanzy quant (a.k.a. “black swan”) but old fashioned leverage. I don’t quite...
View ArticleKeep the Faith?
This article is behind FT’s paywall but if you sign up you can get access to 8 articles per month. This one, by Charles Goodheart, is worth the effort. Charles begins by noting the architectural...
View ArticleFuturization of Swaps
This is a very good article covering issues with swap futurization. The term refers to Dodd-Frank regulations (abetted by Basle III) requiring that derivative contracts formerly made through dealers...
View ArticleKudus to Kogod’s Case Competition Team
The Kogod team of Lela Feldmeier, Andrew Hinkle, Jennifer Storozum, and Liang Wu placed fourth in the finals of the Georgetown University’s McDonough-Hilltop Business Strategy Challenge. This...
View ArticleThe Case for HFT
This article makes a strong case for HFT (high frequency trading). A generation ago the issue was program trading, a much less sophisticated cousin of HFT. Markets learned to incorporate program...
View ArticleWhistle Blower Fund
Ted Siedel is putting together a fund to facilitate reports from whistleblowers. Coverage is available on Forbe’s here (behind a paywall). Chris Tobe who is also involved with the fund writes about...
View ArticleLadies Better At Picking Stocks?
A recent news article (here) suggests that women may be better than men at picking stocks. Maybe that’s true. If there are certain personality traits that are more common among women and that tend to...
View ArticleMSF Speaker Series Kickoff Monday March 4 at 8:00 in KSB 234
I am anxious to get the MSF Speaker Series going so I am delighted to announce that Bheeshma Tumati from Deloitte Consulting will be doing a presentation entitled:”Big Data Analytics – Why does it...
View ArticleHow Does the Fed Exit QE?
In QE III the Fed is purchasing bonds having an average maturity of 9 years. Given the current low coupon rates, this puts the duration of these bonds near 7 years implying that a rise in interest...
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