Category Archives: Risk and risk management

Roiled Repo Markets: Looking for Answers in All the Wrong Places

If you are worried about repo, you are worried about the wrong thing. If anything, it’s a symptom of too much liquidity demand from the FX swaps market.

Why Did Isaac Newton Lose His Shirt in Financial Speculation? Author Alex Pollock Explains.

Trying to predict the financial future is a fool’s errand, even for a genius.

Wall Street Has Been Gambling With Student Loan Debt For Decades

As the student debt crisis continues to mount, major financial institutions are making record profits from student loan asset backed securities.

CalPERS Abandoning Passive Equity Investing

alPERS has made big changes to how it invests, yet the press has barely noticed.

Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day

Interest rate derivatives trading spikes over last 3 years; the UK currently dominates. Will this continue post-Brexit?

The Fed Has Not Covered Itself in Glory: Fed Funds Mess Edition

Why the Fed should be embarrassed.

The Two Sides of Government Guarantees for Banks

Not all guarantees are created equal, and what that means for banks.

737 Max May Stay Grounded into 2020; Why Does Boeing CEO Muilenburg Still Have a Job?

Boeing remains mired in its 737 Max mess.

Gregory Travis and Marshall Auerback: Anatomy of a Disaster – Why Boeing Should Never Make Another Airplane, Again

Is Boeing itself on a crash course?

How Deep Is Boeing’s Hole?

A favorite saying of famed short seller David Einhorn is, “No matter how bad it looks, it’s worse.”. This appears particularly true of Boeing these days.

SEC to Relax Audit Requirements for Small Companies, Thus Facilitating Future Accounting Fraud

SEC proposes relaxing internal control attestation requirements for companies with annual revenues of less than $100 million.

The Next US Recession Is Likely to Be Around the Corner

Business economists argue that the length of an expansion is a good indicator of when a recession will hit.

Yes, the Tech Giants Are a Big Problem—But the Untamed Finance Industry Could Still Blow Up the Economy

Why finance, broadly defined, is still a hazard to the US economy.

Ralph Nader Calls Out Boeing for 737 MAX Lack of Airworthiness, Stock Buybacks, and Demands Muilenburg Resign

Nader: “There is no need to wait for some long-drawn out, redundant inquiry. Management was criminally negligent, 346 lives of passengers and crew were lost.”