Skewed Incentives
May is a tough month for me, because I have to submit reports for the nonprofits that I work with, and this year is worse, because I have a moderate injury that I need to see a doctor about, but can’t until next week, because of the schedule. But I do want to say a...
Dimon geezers
“JP Morgan Chase last night announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on “errors, sloppiness and bad judgment”, warning it “could get worse”. - From The Financial Times, Friday 11th...
Sorted Weekly Tweets
Eurozone Danske Bank’s Patience With Moody’s Evaporates http://t.co/eGbf3kV5 Questions over willingness of Denmark to provide support in a crisis. May 11, 2012 CIC Stops Buying Europe Government Debt on Crisis Concern http://t.co/dljk9Tau Overblown; China will return to funding the Eurozone $$ May 10, 2012 Greeks May Hold $510 Billion Trump Card in Renegotiation http://t.co/P7U4LSpG...
Best in Show
The below was submitted by Satyajit Das.In the mock-umentary Best in Show, Christopher Guest mercilessly portrays the world of dog shows, following five dogs and their owners...
The Best of the Aleph Blog, Part 15
This stretches from August 2010 to October 2010: The Education of a Corporate Bond Manager, Part VII On the value of credit analysts. The Education of a Corporate Bond Manager, Part VIII On price discovery in dealer markets, and auctions gone wrong. I never knew that I could haggle so well. The Education of a...
HSBC’s Bad Debts Rise in Asia Pacific
HSBC Holdings ended the first quarter sitting on broadly the same level of bad debt globally as it was a year earlier, but in the Asia Pacific region more loans turned sour.
Killing VaR
Hopefully that headline gets your attention for the Basel Committee on Banking Supervision’s latest review of capital rules for banks’ trading books.There is a lot in it —...
Where have all the oil hedgers gone?
An interesting chart from John Kemp at Reuters on Monday (click to enlarge):The chart breaks out which players are net short or long of Nymex and Ice light sweet oil at any particular time....
The politics of fear
“I’m getting increasingly worried about the free movement of people across Europe. It’s a very competitive world out there and my constituents resent that.” - Huddersfield Labour MP Barry Sheerman, defending comments he made on Twitter about Eastern European workers....
The politics of fear
“I’m getting increasingly worried about the free movement of people across Europe. It’s a very competitive world out there and my constituents resent that.” - Huddersfield Labour MP Barry Sheerman, defending comments he made on Twitter about Eastern European workers....
Redacted Version of the April 2012 FOMC Statement
March 2012 April 2012 Comments Information received since the Federal Open Market Committee met in January suggests that the economy has been expanding moderately. Information received since the Federal Open Market Committee met in March suggests that the economy has been expanding moderately. No real change. Labor market conditions have improved further; the unemployment rate...
Redacted Version of the April 2012 FOMC Statement
March 2012 April 2012 Comments Information received since the Federal Open Market Committee met in January suggests that the economy has been expanding moderately. Information received since the Federal Open Market Committee met in March suggests that the economy has been expanding moderately. No real change. Labor market conditions have improved further; the unemployment rate...
