Follow WallStreetBlips on Twitter
Streetwise Professor Latest Blog Posts |
Add as Favorite
Claim Blog 
|
http://streetwiseprofessor.com/ - Research (on Financial Markets) Conducted by Other Means
Click on the "vote it up" button to submit a story below to our homepage.
If you're the owner of Streetwise Professor, claim your blog to unlock additional tools and reports.
In a couple of excellent posts, Shannon Love at Chicago Boyz notes that one of the most disturbing revelations resulting from the ripping open of the Hadley CRU's kimono is the shockingly bad, ad hoc, sloppy, and (fill in own pejoratives here) nature of the computer code underlying the ...
Other
So sayeth Michael Palin, in the priceless Monty Python Argument Clinic Sketch. In his recent testimony before the Senate Ag Committee, CFTC Chairman Gary Gensler makes an unconnected series of assertions (many categorically untrue) intended to establish a proposition. Here's the SWP annotated ...
Stocks
streetwiseprofessor.com - 7 hours ago
—
streetwiseprofessor.com —
In an oped in today's WSJ, Peter Wallison
notes a fundamental inconsistency in the government's defense of...
the AIG bailout: Since last September, the government's case for bailing out AIG has rested on the notion that the company was too big to fail. ...
(more)
Wallison: Timmy!’s Nose is Growing
Comments
vote down
naked capitalism
found this 7 hours agofound this
Henry Kissinger once quipped "in academia, knives are so sharp because the stakes are so small."* This insight is largely correct. In the absence of large pecuniary rewards, academics tend to receive remuneration disproportionately in the form of prestige and reputation. One the positive ...
Other
My friend Sergei Guriev is an excellent economist and scholar. He is also a very affable fellow--a true gentleman. He is also a very brave man, as evidenced by his scathing "J'accuse" editorial (co-authored with Aleh Tsyvinsky of Yale) condemning the Russian government for torture in the death ...
Other
Note: I wrote the following over three years ago, but never posted it. It seems particularly apposite to do so in light of the disclosure of the now infamous CRU document drop (or heist). The documents now available provide even more evidence of the McKitrick and McIntyre accusation of ...
Stocks
Or Russia, take your pick:
Gorbushka Market, just outside central Moscow, does a thriving trade in any electronics good you could want: mobile phones, plasma television sets, the latest DVDs, and, if you ask to see them, software peddlers will show potential clients a list of “databases”.
These ...
Other
Several sites on the web (EG) have linked to my recent post on the AIG bailout, and included a hattip to Jim Chanos. Just curious if that is the "noted short seller" (and billionaire) Jim Chanos (a hedge fund manager noted for his very prescient call on Enron). If so, it would ...
Stocks
Jim Cramer
American International Group
For a thoughtful discussion of why terrorists like Khalid Sheikh Mohammed should not be tried in civilian courts, I recommend ch. 7 of Judge Richard Posner's Countering Terrorism. It contrasts starkly with Attorney General Eric Holder's babbling incoherence on the subject, and Obama's deafening ...
Government
Jonathan Brent is the editor of the Yale University Press who succeeded in opening Stalin's archives (or portions thereof, anyway) for publication in the West after the collapse of the USSR. He has written an interesting memoir on the experience, which includes an exploration of the reasons for ...
Other
My previous post on the Acharya et al (AEFLS) assertion of the purported externality in bilateral OTC markets focused on whether there was actually an unpriced "bad." I judged otherwise based on the fact that credit and counterparty risks are repriced repeatedly (and ruthlessly).
There is ...
Other
Via SeekingAlpha:
"One of the huge lessons of our work over the last few years has been how shockingly stupid incredibly smart people can be," said Davidson, who with Blumberg has been reporting on the crisis for nearly two years as part of National Public Radio's "Planet Money" team. "That ...
Government
Barney Frank
In his megalomaniacal effort to use the financial crisis as a Trojan horse to advance his campaign "on every front to increase the role of government," Barney Frank is hellbent on fixing things that demonstrably didn't break. Even under the extreme stresses of the crisis. Case in point: he ...
Government
Barney Frank
Bloomberg reports the grim news on foreign direct investment in Russia:
Russia’s foreign direct investment plummeted an annual 48.1 percent, the most on record, to $10 billion in the first nine months of the year after the economy slid into its worst crisis in a decade.
Overall foreign ...
Stocks
streetwiseprofessor.com - 8 days ago
—
streetwiseprofessor.com —
Last week I wrote about one justification for
exchange trading and clearing mandates--the market power argument. This...
week I'll examine another argument, and render a similarly skeptical verdict. In a chapter of Restoring Financial Stability, Viral ...
(more)
Nirvana is Just a Band
streetwiseprofessor.com - 6 days ago
—
streetwiseprofessor.com —
Krugman is bashing Timmy! Geithner for his role
in the AIG bailout. This poses something of a...
dilemma for yours truly. My sentiments parallel those of Henry Kissinger during the Iran-Iraq War: too bad they both can't lose. All snark aside, the ...
(more)
Timmy!’s Testimony
Yes, Russia can breathe easy. Even when it comes to corruption, it's not the worst! Bad--tied for 146th out of 180, according to an average of surveys assembled by Transparency International--but not the worst. Indeed, not even the worst in the FSU--several 'Stans are all well below ...
Government
I haven't written anything about Medvedev's State of the Nation speech because, to be quite blunt, there's not much to write about. In many respects, it is a piece with the entire genre: political cotton candy; a pastiche of platitudes.
One thing that struck me, though, was his discussion ...
Other
China's chief banking regulator excoriated the United States Federal Reserve for its extremely lax monetary policy:
The US Federal Reserve is fuelling “speculative investments” and endangering global recovery through loose monetary policy, a senior Chinese official warned on Sunday just hours ...
Other
Vladimir Putin gettin' down with some Russian Eminem wannabes. This brings to mind Ben Folds' "Zak and Sara":
she saw the lights
she saw a pale english face
some strange machines repeating beats and thumping bass
visions of pills that put you in a loving trance
that make it possible for all ...
