Two ratings agencies updated their ratings for Russia today.
The biggest centers of money laundering and terrorist funding in the world are UK banks and UK-related tax havens in the Caribbean and Channel Islands.
Over the last couple of months in Ahead of the Curve I’ve pointed to several indicators showing that the market is overvalued. Too much positive sentiment, coupled with massive debt
I have been wondering when Fannie Mae and Freddie Mac were going to expand their risk-sharing mortgage-backed securities offerings.
The market’s instincts are correct on this one. There is no reason to pile into GS stock right now.
The long awaited new fast track trade bill has just been introduced in Congress, and it’s hard to conclude what’s …
I attended Fannie Mae’s Affordable Housing Advisory Council meeting on April 15th as a member. We were asked not to disclose what was discussed, but suffice it to say that the name “Affordable Housing Council” kind of gives it away. In general terms, the “credit is too tight” theme was discussed by affordable housing advocates […]
An interesting piece on not-so-tanking Russian economy: http://www.newsweek.com/2015/04/24/putin-was-right-be-confident-about-russias-economy-321934.htmlThe key point is the same I have been repeating throughout my earlier notes: imports substitut…
There’s any number of figures out there that paint a grotesque picture of wealth inequality: The top 5% owns some 62% of all the wealth (maybe you’ve seen it higher),
The president’s evolving views have been shaped by arrogance as well as ignorance