• "Its different this time." Make no doubt about it – thats precisely what Alan Greenspan said about the "puzzling...
Read More
Nice piece by BMO Nesbitt on why investors fail: “Individuals have historically underperformed the markets, earning just 2.6% vs. the...
Read More
Interesting Real Estate/Housing discussion in, of all places, the NYT Week in Review. It turns out that "cheap credit worldwide...
Read More
Alan Abelson writes in this week’s Barron’s: "In his letter to the Times, Mr. Mankiw [former Chairman, Council of...
Read More
The previous discussion on Household Debt, based on St. Louis Fed’s chart, generated a robust discussion in comments. Lest anyone...
Read More
I’ve said this before: Betting against the US consumer has been a losing wager. And yet when we look at the parabolic rise of...
Read More
Heady stuff from across the pond: FT looks at the "convexity grab" earlier this week when the 10 year crossed (albeit briefly)...
Read More
Prior to July 2003, mortgage refinancing activity seemed to track movements in interest rates fairly closely. Since then, however,...
Read More
"The sheer scale of consumer debt has made millions of households extremely vulnerable to shocks in the economy, both from fiscal...
Read More
More on the J.E.C. testimony day yield curve conundrum: Dan Gross points to a terrific Smart Money article all about the yield...
Read More