January 10, 2009

Reconsidering the Short-Selling Ban

I'm on the record as saying September 2008's short-selling ban instituted in many markets, including the U.S., was unnecessary and largely ineffective. Further, it caused collateral damage among quant funds, long short funds and others who were not targeting bank...

Reading 01/10/09

Uneven but interesting George Soros interview (MIT) Charting excesses in commercial real estate investment (CR) Roubini Interview: Dow and S&P mid-year 20% below current levels (BW) Deflation Strikes Back (Accrued Interest)...

There's Unemployment, and Then There's Unemployment

I have been sent this Reuters story from yesterday umpteen times, so I may as well post it, as well as the underlying graph. The gist: If unemployment were being measured the same way as it was during the Depression,...
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