I recommend a recent speech by my old classmate Bill Dudley, now president of the Federal Reserve Bank of New York: More Lessons from the Crisis.
The reading is a little ... assumptive of some familiarity with financial markets. (Some casual readers might call the prose dense, but it's not [...]
Here’s a letter that I sent yesterday to the Wall Street Journal:
Thomas Frank worries that, if Uncle Sam creates “One Big Regulator” for financial markets, this czar will be an industry insider who does more harm than good (”The Real Danger of ‘One Big Regulator’,” Nov. 11). Frank is [...]
With financial services reform put on a fast track out of the House Financial Services Committee, the Senate is preparing to move as well. From Bloomberg:
Senate Banking Committee Chairman Christopher Dodd said he will unveil legislation next week to overhaul regulation of U.S. financial markets without Republican support after [...]High unemployment? No problem, says Bernanke.
THE Federal Reserve just released the Federal Open Market Committee's November statement, which reads:Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over [...]
Selling securities short has been a controversial practice as long as financial markets have existed, and the recent financial crisis brought short selling to the fore yet again. In the last week, a bill to impose new restrictions on short selling was introduced.
And earlier this month in [...]
I am off to a panel at the Realty Alliance where I will kill the agents their with some tough love.
Here is the panel:
Barry Ritholtz, author of Bailout Nation, who will speak on the financial markets. Jonathan Miller of MillerSamuel will discuss Appraisals. Also, Carter Murdoch, economist with Bank of [...]
I added to my blog on time in the sharemarket for the following piece that was published in the Weekend Australian Financial Review on 17-18 October…
As we all now know, financial markets are irrational and inefficient, but probably less understood is the fact that financial markets are also very superstitious. [...]
