September 9, 2008
Hard not to think the unthinkable in the wake of recent events. Specifically, what is the likelihood of the U.S. defaulting on its debt? Admittedly, it would never be because of this one episode -- it would be that, plus...
My friend Nouriel Roubini (and some others) were on Charlie Rose last night talking Fannie/Freddie. Worth watching....
You break it, you bought it. That's the Pottery Barn rule, at least as channeled by ex-Secretary of State Colin Powell. Apparently Peter Orzag at the Congressional Budget Office lives by an accounting variant of the same thing: Given the...
Bleak piece in today's Sun wherein the writer found two people in U.K. named "Freddie Mac" and "Fannie Mae". Black comedy ensues: FREDDIE Mackie — known as Freddie Mac — lives with his wife Carol in a two-bed terraced house...
Bill Gross's Pimco may not have just delivered the best one-day gain ever on a trade, but his $1.7-billion gain on Monday was arguably among the best from a risk-return standpoint. He locked himself into the agency mortgage bond market...
Some more tidbits from the new Coldwell Banker release: Dubai is the most expensive market studied outside of North America, where an HPCI subject home averages $2.45 million U.S. dollars, 33 percent higher than La Jolla. Quito, Ecuador, ($96,000) is...
There is a massive arb opportunity out there in playing off La Jolla, CA, and Sioux City, IA, real estate prices. If you just buy real estate in Sioux City, and sell it in La Jolla, you could ... now...
