Valuation of Auction Rate Securities
"China may be heading for a severe economic slowdown"
Barack and Michelle Obama Sound Tone-Deaf on Women's Issue
First lady Michelle Obama's top priority is family
Michigan Football and the U.S. Economy: Taking the Long View
Lessons from that Old Coffee Can over the Kitchen Sink
Fed Stonewalling on Giving Details About Collateral Accepted for Loans
So you've bought a rental property!?
Uncovering The Uncorrelated Asset Class
Watchlist for November 7, 2008
The Intelligent Investor: General Portfolio Policy for the Defensive Investor
China's Xie Runs Home to Fix Economy
LInks 11/7/08
Credit Crunch May Produce Another Food Crisis in 2009
Hedgies Still Blowing Up the Markets, Oh My!
Now It's Official: That Cheery DTCC Data on Credit Default Swaps is Mighty Incomplete
Economy begs priority from Obama
$XAU 30 Minute Chart Analysis
Has UBS Ruined Switzerland's Standing as a Financial Haven?qqq
China LIkely to Stop Diesel Imports for Second Month
"Retailers Report a Sales Collapse"
Short Takes #4
"Mr. Yen" Advocates Much Stronger Yen
TU#95 06NOV2008; that went well
BUY LOW-SELL HIGH
What drives the price of stocks on a day-to-day (or year-to-year) basis? What causes the price to go
We have been reporting from time to time on the impact of the credit crisis on international trade. The main focus has been on how buyers and sellers of cargos are finding it increasingly difficult and costly to obtain letters of credit. However, a second effect is on shipowners themselves, both directly (via plunging freight rates, in some cases leading them to leave ships idle) and indireclty (
We have gotten so large to throwing large numbers around in the US thanks to the various Fed facilities that the significance of the Chinese move may not be as obvious as it would otherwise be.
Every other Sunday, The Simple Dollar reviews a personal productivity, personal development, or entrepreneurship book. This book attracted me from the title alone - The Myth of Multitasking is something I’ve observed over and over again in my own life. In fact, I’m observing it right now - I can write better and faster if [...]
There is no single person that caused the 2008 collapse of the U.S. and world economies. There is no
Make money easy in any market flipping houses! The average investor knows that they can make money i
A few days ago, I mentioned my single best action for saving money in my own life - utilizing the library. I also encouraged readers to submit their own best actions - and did they ever! The post has already received almost 250 comments and several dozen more readers emailed me their single [...]
I must confess that there are certain types of human activity that are a complete mystery to me, and much of the column ink spilled this weekend serves as a vivid reminder.
How the Thundering Herd Faltered and Fell Gretchen Morgenson, New York Times. There is a thread in this story of Merrill's demise which is either new information or inaccurate, and any readers who have insight are encouraged to speak up. Morgenson focuses on the role of CDOs, and says Merrill was wri
This article from the Times Online makes abundantly clear that UK banks do not plan to pass on any future base rate cuts by the Bank of England to customers. However it does not do a very good job of explaining why the bankers think they will not be sufficiently profitable if they add the same margin they get now to an even lower policy rate.
I spent over 10 years in derivatives, from 1993-2003. My role was a transactor in the Structuring and Origination part of the business, advising corporations on all manner of risk management strategies. During this time I saw the power -...
Like always, let’s start with BuxP. I haven’t requested any new cashouts, so I have cur
Karen McMahan, a contributing editor of Carolina Journal wrote a very interesting article on Novembe
Lately there has been a lot of press on frugality. Times are tough and even the wealthy and rich are jumping on the frugality back-wagon. Good for t
For a long time, my wife and I have discussed hiring a local housecleaning service, but never pulled the trigger (mostly because of our “cheap” sensibilities). For a pretty low rate (about $14 an hour), a local woman (or her assistant) will come to your house and perform some housecleaning tasks - mopping the [...]
Last week I opined that the $700 Billion Bailout will entice fraud. Equally troubling is the bill
This is tip #7 of the Save $1,000 in 30 Days Challenge. Today’s tip is to set at least one day per week on your calendar when you don’t spend one dollar. Do you think you could do it? Technically, even if you don’t open your wallet, you’re still spending money on things like rent/mortgage, car [...]
The Financial Times reports that AIG is up to its old tricks, back again to the trough for more money. Christmas The Iceland credit default swaps settlement is coming soon, you know.
One of the greatest joys of being involved in this sector is that there is an increasing number of p
Bloomberg:
The current credit crisis has made sure that home buyers do not get mortgages easily, or even if the
SIKU PRODUCT RANGE - SIKU Super - Ambulance
An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds)
The interest rate on ARS is determined through a Dutch auction process. The total number of shares a
Beginning on Thursday, February 7th, 2008, auctions for these securities began to fail when investor
