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Satyajit Das: The CDO Bomb That Blew Up In 2008? There Is A New One

Satyajit Das: The CDO Bomb That Blew Up In 2008? There Is A New One In recent months, with the investor spotlight increasingly falling on the “leveraged loan problem”, or the fact that there are now more leveraged loans outstanding – most of them offering virtually no covenant protection to investors and effectively stripping them of their […]

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Looking for the Next Crisis: the Not Very Scary World of CLOs

Looking for the Next Crisis: the Not Very Scary World of CLOs We’re still in financial crisis mania, as the business press eagerly tries to tell us how little they learned from the last crisis by trying to identify the source of the next one. The NYT’s latest contribution to the effort is a piece […]

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Business Cycles and Inflation, Part II

Business Cycles and Inflation, Part II Early Warning Signals in a Fragile System [ed note: here is Part 1; if you have missed it, best go there and start reading from the beginning] We recently received the following charts via email with a query whether they should worry stock market investors. They show two short […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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