Today’s chart comes from a research letter by the Federal Reserve Bank of San Francisco. The letter, “Bank Counterparties and Collateral Usage,” examines the relationships between bank-holding companies and their trading partners in the over-the-counter derivatives markets. The chart focuses on concentration, liquidity and net exposure to derivatives.
My morning train reads (Continues here): • For proof Wall Street is changing, look at Citigroup’s numbers (The Upshot) • When Bubbles Become Manias: The Psychology of Runaway Markets (TraderFeed) • Charlie Munger on Investment Concentration versus Diversification (25iq) • Since 2010, full-time jobs are up 7.6 million while part-time jobs have declined by more…Read More
Category: Financial Press
“All models are wrong; some are useful.” – George E. P. Box The quote above comes from George Box. He was a brilliant statistician and professor, who thought long and hard about the use and misuse of statistics. I was reminded of Box this weekend while watching the thrilling World Cup final between…Read More
New York City’s Lower West Side is in the midst of a massive transformation. In about 10 years, Hudson Yards will be home to thousands of apartments, a hundred shops, a school, and 14 acres of public space. Bloomberg’s Betty Liu had a chance to walk through the site with the man behind the project
Inside NYC’s Massive Hudson Yards Construction Site
Source: Bloomberg, July 14 2014
Hong Kong – The Peg is Not Likely to be Changed By Peter T. Treadway July 15, 2014 In my opinion, the Hong Kong dollar peg, which has been set since 1983 to the US dollar at 7.80:1.00, should and will remain unchanged. There are sound economic reasons for this but…Read More
The first show was an interview with Jeff Gundlach, who has become one of the bond market’s most influential and savvy investors. His firm, Double Line Capital, manages about $50 billion.
Over the weekend, the stream of the one hour radio show was posted to Soundcloud.
The full & uncut Interview with Jeff Gundlach is now available. Its about double the length of the radio show. It includes:
• Short intro/explanation of what the show is;
• Full one hour radio interview (Its commercial-free and clocks in at 36 minutes)
• Full half hour podcast.
All told, its over an hour (1:09) of great Gundlachian content. I am very pleased with how this came out!
You can download the entire thing here (click, then scroll down, then right click “Download this link”).
Play full Radio + Podcast here:
My afternoon train reads : • Hedge funds miss out on equity surge (FT) • Investors Still Love The Thrill of the Chase (Investing Caffeine) see also Quantum math makes human irrationality more sensible (Science News) • Here’s why Larry Summers is wrong about secular stagnation (WonkBlog) • Nocera: Helping Big Companies Compete (NY Times)…Read More
Click for even more interactive data and assorted interesting things. Source: Brookings Institute
Category: Really, really bad calls