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August 20, 2007

Financial Markets
Reverse engineering financial engineering

The process that turned subprime mortgages into triple AAA rated securities is, by now, pretty well known.   Rich Bookstaber (his blog is here) describes the process nicely.Here's the recipe for a CD…

May 5, 2015

Politics and Government
Campaign 2016: Mike Huckabee, GOP Presidential Candidate

If at first you don’t succeed, try, try again. Former Arkansas Governor Mike Huckabee is taking that age old advice to heart. Back in 2008 he did surprisingly well in the GOP nominating race, despite…

Mike-Huckabee

November 19, 2007

Financial Markets
Another bad TIC data release

I am back in the United States, and ready to get back to work.   Before turning to the TIC data though, let me first thank Michael Pettis for filling in here so ably once again.    I cannot oversta…

November 30, 2007

Financial Markets
Is the dollar’s decline over?

The Economist put the dollar on its cover this week.   The Economist’s cover is usually a lagging, not a leading, indicator:  it signals that the dollar already has fallen significantly, and sometime…

April 6, 2012

Defense and Security
Friday File: Malian Rebels Proclaim Independent Country of Azawad

Above the Fold. Tuareg rebel fighters in northern Mali today declared the independent country of Azawad. The announcement comes on the heels of the rebels’ rapid success in driving government forces …

sanogo-tuareg-rebels-2012-04-06