This is a hard post to write, but as Bill Clinton said, “You gotta do what you gotta do.” Anyway, if you’ve read this blog for awhile, you would know that I have been looking for employment for some time. I am one who can attest that it is a rough world out there. Not […]
Archive for August 2nd, 2009
Ford To Report Big Sales Increase
The WSJ is reporting that Ford is going to show its first year-over-year sales increase since 2007 when it releases sales data tomorrow. Some analysts suggested that the seasonally adjusted annualized sales rate could be as high as 12 million. It has been running around 9.6 million units. All of this is coming on the […]
How Big Is The Shadow Inventory?
Bloomberg has a story about shadow inventory in the housing market. They make some claims based on an online survey: According to Zillow’s latest Homeowner Confidence Survey, 12 percent of homeowners said they would be “very likely” to put their home on the market in the next 12 months if they saw signs of a […]
On A Less Serious Note
Tackling Wall Street Compensation
John Carney has written two good posts (here and here) this weekend on Wall Street compensation. In the first he pointed out that compensation policies really weren’t to blame for the crash and in the second argues that any attempts to reduce compensation will likely result in perverse and unintended results. I am inclined to […]
Pablo Triana On Risk Management
Pablo Triana has an excellent and understandable article in Business Week on why we need to quit obsessing about Value at Risk measurements at the banks: So what should we read from Goldman’s currently high VaR figures? Not much. VaR naturally increases following a period of broad unrest, because the model’s inputs reflect more of […]
The Tax Trial Balloon Floats Again
Here are a couple of items that are at first glance only semi-related yet when you think about them in a little more detail, they’re critically intertwined. First, Treasury Secretary Timothy Geithner on ABC today was once again floating the new taxes trial balloon. Via Politico.com: “We’re going to have to look at – we’re […]