Monthly Archives: January 2010

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Insurance Market Aims to Build ‘Longevity Swaps’ TARP Inspector Says Rescue to Cost Taxpayers Less Than Expected SIGTARP Quarterly Report to Congress White House projects record deficit this year The Ring of Fire Zhu Min, a man worth listening to … Continue reading

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Quotes of the Day

‘There’s a growing recognition the dispersion of credit risk by banks to a broader and more diverse group of investors … has helped make the banking system more resilient”. So said the International Monetary Fund’s Global Stability Report in 2006. … Continue reading

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Fed’s MBS Program

Q. What happens to the proceeds from maturing securities and prepayments ? A. The Manager of the System Open Market Account has said that the System’s holdings of securities will tend to decline gradually after the completion of the asset … Continue reading

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Variability in Nucleus Accumbens Activity Mediates Age-Related Suboptimal Financial Risk Taking

Paper by Gregory R. Samanez-Larkin, Camelia M. Kuhnen, Daniel J. Yoo, and Brian Knutson As human life expectancy continues to rise, financial decisions of aging investors may have an increasing impact on the global economy. In this study, we examined … Continue reading

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Banks pull out of PRDC market Greek 5-year CDS hits record high at 395 bps – CMA Germany FinMin: Rumors Of Greece Bailout ‘Absolutely Wrong’ ECB and other central banks decide to discontinue the temporary swap lines with the Federal … Continue reading

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How to trade: slow food of trading Are bank prop desks about to be dumped on*? ECB promotes research on emerging front: “Too networked to fail” Book Review: Reminiscences of a Stock Operator (Annotated Edition) Universal statistical properties of poker … Continue reading

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Worth Reading

Looking Out, Locking In: Financial Models and the Social Dynamics of Arbitrage Disasters by Daniel Beunza, and David Stark // Continue reading

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Policy Perspectives on OTC Derivatives Market Infrastructure GSE losses could stand at $448bn, Amherst says Fed’s Dudley Says Rates May Stay Low for as Long as Two Years Pin the Tail on Blankfein Is a Game Nobody Wins Obama’s Bank … Continue reading

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Scorecard: Gross National Savings (% of GDP)

Why the U.S. is T.O.A.S.T. Source: Economy Watch, I.M.F. // Continue reading

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Withdrawal and Expulsion from the EU and EMU: Some Reflections

ECB paper by Phoebus Athanassiou (Legal Counsel, European Central Bank) ……….Article 50 of the Lisbon Treaty explicitly makes provision for the voluntary secession of a Member State from the EU. Specifically, the exit clause provides that a Member State wishing … Continue reading

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