October 26, 2008

Research Paper du Jour: Forecasting 0 of the Last 1 Depressions

The most useful research paper you'll read today (or maybe this year) isn't new, but it's still very timely. The paper, "Forecasting the Depression: Harvard vs. Yale", cited in the weekend NY Time by Greg Mankiw, drives home how we...

Grantham: Reaping the Whirlwind, Part II. S&P to 585?

Jeremy Grantham at GMO has out Part II of his "Reaping the Whirlwind" two-part series on the credit crisis' aftermath(s). Among other things, he argues that there are benefits to the crisis, including increasing personal savings, an end to...

Sneak Peek at Weekend Reading

Here is a sneak peek at some links from my weekly Weekend Reading column over at TheStreet. Despite it being a far from sure bet historically, investors continue to move to physical gold (WashingtonPost) Donald MacKenzie revisits his great "Why...

Blessed are the Cheesemakers

Spectator I: I think it was "Blessed are the cheesemakers". Mrs. Gregory: Aha, what's so special about the cheesemakers? Gregory: Well, obviously it's not meant to be taken literally; it refers to any manufacturers of dairy products.        --...

R.I.P.: The American Consumer

Cute graphic from the NY Post:...

Best Conference Session Title Du Jour

From last week's ABS East conference in Miami comes this session title on the moribund asset-backed securities (ABS) market: Considerations for New Issuers in an Illiquid Market I'm guessing that session included sub-topics such as "ouch", "don't bother", and "where...