Tag: asset management
HUD is in hot water
The Office of Inspector General discloses that HUD sold $18 billion of mortgages without following its own rules… Another example of the dark side of federal involvement in the residential mortgage market… Matthew Goldstein of the New York Times has the story: HUD Ignored Procedures in Selling Distressed Mortgages, Report Says…
What’s it going to take to derail EM debt?
Emerging markets debt is close to its all-time tights, even as defaults are continuing… Ben Bartenstein of Bloomberg has the story: Distressed Debt Disappears and That Makes Greylock Nervous…
Why the Fed can’t goose inflation
The Fed continues to be unable to manufacture inflation… The New York Times’ Fed Watcher Binyamin Appelbaum describes the conundrum: U.S. Inflation Remains Low, and That’s a Problem…
‘Gray rhinos’ somehow persist
More news from the New York Times Shanghai bureau on the government crackdown on the “gray rhinos”: Anbang, Fosun, HNA and Dalian Wanda… When will one of them fall?… In China, Herd of ‘Gray Rhinos’ Threatens Economy…
Shorts capitulate
Ben Eisen of the Wall Street Journal reports new statistics, showing how lonely it is to be a bear in the current market… Short Sellers Give Up as Stocks Run to New Records…
Fear not the bots
Jerry Kaplan, a Stanford Business School professor, has an excellent piece about the hype and reality of artificial intelligence… The Wall Street Journal has run the piece: Don’t Fear the Robots…
High-profile SkyBridge deal hits delay
Reuters reports that the sale of SkyBridge Capital to the Chinese conglomerate HNA is still awaiting CFIUS approval… Scaramucci Awaits U.S. Approval for China Deal…
DoJ’s great white whale gives them the slip
The U.S. Justice Department New York Southern District’s case regarding JPMorgan and the London Whale has turned into a mess, and had now been dropped… The star witness wrote an unpublished memoir, launched a website, and contradicted the case in a civil deposition… Matthew Goldstein of the New York Times has the story: U.S. Moves […]
What to get the oligarchs next door for a housewarming gift?
Emily Badger of the New York Times’s The Upshot has a great story about the effects of foreign buying on real estate… When the (Empty) Apartment Next Door Is Owned by an Oligarch…
This Italian city got hooked on easy money
The New York Times has a very specific, detailed story about distortions created by governmental intervention in financial markets and the economy, in this case ECB quantitative easing… Jack Ewing tells the fascinating story: Easy Money Saved This Italian City. Soon, It Will Run Out
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