June 3, 2008
Crude oil prices are off 2.7% percent today, touching $124.30. There has been a more or less straight line crude oil decline for two weeks now, dating back to May 21st, with prices down 7.5% in the period. Hmm, May...
I'm glad the courtroom kids in Canada are having a nice time ruling on the BCE private equity buyout. But I'm still puzzled. Ruling that the deal should go ahead strikes me as ruling that gravity should be different: You're...
Turns out kindergarten-ers get socked by the business cycle too: This study examines the impact of the business cycle on the timing of enrollment. I find that during economic downturns kindergarten enrollment increases. To explore a potential mechanism through which...
Further to my post earlier this week explaining why venture capital is an attractive nuisance, we have more evidence today. We now have the fine city of New York launching a New York City Venture Fund. New York City Mayor...
A developer here in southern California is getting lots of attention for a 2-for-1 deal wherein you buy a $1.6m house near Escondido and you get a $400,000 rowhouse for "free". While nothing is for free, and people haven't exactly...
Don't miss the fireworks today as hedge fund manager George Soros testifies before the Senate Commerce Committee. He apparently will say that oil is a bubble, and that commodities are not a legitimate institutional asset class. Right, but are commodities...
Spending a lot of timely lately mulling some issues related to catastrophe finance and spurious correlations. Anyone find interesting patterns in these two photos of burned homes from last October's wildfires in San Diego County? How would you apply risk...
