Friday, September 30, 2011

Risk free rates and value: Dealing with historically low risk free rates

›
Last week, the 10-year US treasury bond rate dropped to 1.75%. While it has risen since to about 2%, there can be no denying a  basic fact....
29 comments:
Friday, September 23, 2011

Ruminations on Rogue Trading

›
We are in the midst of a "rogue trading" scandal and the media loves it. It started with this report in the Wall Street Journal...
5 comments:
Thursday, September 22, 2011

The Buffett Plan: An apt name for a sanctimonious, hypocritical and superficial proposal

›
At the start of this week, President Obama laid the groundwork for his deficit plan, with one of the proposals being what he termed the ...
29 comments:
Wednesday, September 21, 2011

Breaking up is easy to do...

›
Breaking up may have been hard to do for the Carpenters , but it seems to be easy to do for some companies. Here are just  a few examples ...
2 comments:
Friday, September 16, 2011

Operation Twist II: The Fed as Chubby Checker

›
            Since the banking crisis of 2008, neither fiscal nor monetary policy has proved up to the task of rejuvenating the US econo...
9 comments:
Wednesday, September 7, 2011

Class is in session...

›
As some of you probably already know, I teach at the Stern School of Business at NYU. Well, summer is officially over and a new semester is...
14 comments:
Thursday, August 25, 2011

Buffett and Bank of America: Playing Poker with Patsies...

›
Warren Buffet is famously quoted as saying, "If you have been playing poker for half an hour and you still don't know who the patsy...
58 comments: