Transcript of Remarks to Portfolio Management Research on April 21, 2020.
Do derivatives confuse you? Do you hate bond math? We feel the same way! So we simplified your life with headache free QE math.
— The Federal Reserve Board We-Hate-Math Committee
Note: This was the lead article in the Spring 2019 edition. (Subscription only)
The next time we go to the negotiating table, we’ll insist on fairness, accountability and a deal that will pass the scrutiny of our elected representatives.
Foreclosure fraud is a crime; owing mortgage debt is not.
Separate commercial banks that take in deposits and provide loans from investment banks that sell securities and speculate. Eliminate Fed funding and bailouts for investment banks.
Lester Holt asked Mr. Trump whether he supported the Iraq War, and even seemed to debate him when Mr. Trump said he had not. But Holt did not ask Secretary Clinton the same question. At the time, she was a Senator, and she voted for the Iraq War.
At issue is self-determination, the ability to make and enforce laws. It is unwise to ignore that 1,000 years of English Common Law, a legal system that was successfully exported around the world, was on the brink of eradication.
Whether or not you agree with Trump, at a minimum his participation is forcing other candidates to clarify their positions on illegal immigration, and other issues.
William Worthington Fowler’s Twenty Years of Inside Life in Wall Street or Reflections of the Personal Experience of a Speculator is a joy to read.
Facebook stock is at a record high: 103.94 as of the close Nov 4, 2015.
I am a long-time critic of Facebook’s funny numbers.
Character is the most important of all of the four C’s of credit: character, capacity, collateral, and capital. Character is paramount. Money cannot buy it.
All the roads ahead will be hard for Greece. Some Greek corporations have already issued scrip, due to the shortage of Euros. Handelsblatt reported that Greek banks will be tapped out by the end of the day today.