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  1. Effective Toilet Hedges

    Getting sick of those boring hedge products on the market today? Are puts and calls just not doing it for you? Well today is your lucky day because we have a new, highly popular hedge that all the cool kids are using! Russian Toilets. You read that right! ...

    - Mar 20 2015 - 11:00am - 5 comments

  2. A lesson from Roman History

    Last week I posted about the history of the Drachma and Greece. Thought it would be interesting to share the history of the Roman empire and its currency. The following is based on a speech by Joseph R. Peden given in 2009. Scholars have devoted a great ...

    - Nov 24 2012 - 7:45pm - 4 comments

  3. Querencia and the Euro

    The Euro is dropping again today on the European markets, and is approaching its debut level from 1999 ($1.1842). There is fear of an almost-certain sovereign default (Greece being the consensus "victim"), and the seeming lack of commitment to ...

    - Jun 7 2010 - 7:20am - 6 comments

  4. Absorbing Losses

    What exactly happens when the government says it will "absorb" BAC's losses? I would think they simply pay BAC book value for a troubled asset so that BAC loses/gains nothing on the transaction. Alternatively, can they reimburse BAC for any ...

    - Jan 16 2009 - 11:27am - 2 comments