CalPERS efforts to ‘splain away its $1 billion tail hedge fiasco backfire as one of the tail risk managers, Universa, shreds CalPERS’ claims.
Read more...An overview of the dislocations in the oil market.
Read more...Collaping oil prices demonstrate the severity of the fall in real economy activity.
Read more...Nassim Nicholas Taleb calls out one of CalPERS CIO Ben Meng’s Big Lies, and unearths an even bigger one.
Read more...The coronavirus spread is setting up a nasty real economy-financial system contraction.
Read more...How hidden foreign exchange swaps contribute to financial fragility.
Read more...Haven’t we already seen this movie? Race to the bottom in gaming credit ratings agencies for commercial real estate Collateralized Loan Obligation deals.
Read more...Claims that a financial transaction tax would be difficult to implement and raise little revenue are fake news.
Read more...As the student debt crisis continues to mount, major financial institutions are making record profits from student loan asset backed securities.
Read more...Interest rate derivatives trading spikes over last 3 years; the UK currently dominates. Will this continue post-Brexit?
Read more...The beginning of an end for Deutsche Bank.
Read more...Puzzling out the markets have changed, and not changed, since the crisis.
Read more...It’s getting harder to figure out what exactly is happening on the Brexit front, but even through the fog of negotiations, things don’t seem to be getting any better.
Read more...Novating UK derivatives contracts entered into by EU clearinghouse members is a ginormous mess, particularly in a Brexit crashout. But how serious a mess?
Read more...Derivatives remain an untamed systemic risk.
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