Who the heck still makes sauerkraut? Actually I do, after being seduced by some handsome ceramic crocks made in Poland and advertised on a chef’s website. “Think of the experimental possibilities!!” I bought one 5L pot and then another, and then a 10L pot. It......
Authors: Ann Rutledge (CSC); Wang Huan (汪欢，夏门国金), Chen Bolin (陈伯霖，夏门国金); Bolun Deng (CSC); Nancy Jiang (CSC), Amber Chen (CSC) Bond Connect (债券通) opened for business July 3, 2017. If you’re like us, you’ve read about it dozens of times but still may not have a......
How would you finish the title? (A) Crooks; (B) Communists; (C) Securitizations. Securitization, my area of specialization, would not come to my mind first. But it’s a quote from The End of Finance (2009, p. 88) by Massimo Amato/Luca Fantacci, both on the faculty of......
On July 28, the IMF’s 2017 External Sector Report reported China’s economy is on a steady course for the fourth year in a row. While the report pointed out China’s need for fiscal and credit tightening over the next few years, it declared China’s real exchange rate......
Following Moody’s settlement with the Department of Justice in late 2016, two new research pieces by economists and new blogs by ratings experts have come out with warnings that the causes of the financial crisis of 2007 have not been addressed. All have merit. None......
I’ve thought about this a lot. The more I contemplate the challenges of implementing a fair and effective system of capital regulation for credit risk, the more I appreciate its impossibility.First, a fair and effective system of capital regulation for credit risk involves the measurement......
When China published “Some Measures to Expand China’s Openness and Aggressively Utilize Foreign Investment Capital,” a lightbulb went on in my head: China finally “gets” the limits of financial engineering and will return to first principles. Deng Xiaoping is still the name most closely associated......
On January 17, 2017, the same day China’s President, Xi Jinping, defended globalization at the World Economic Forum in Davos, its Premier, Li Keqiang, signed China’s action plan to make the world’s secondlargest economy a force, in a littlenoticed Notice issued by the State Council.......
“The Credit Crisis of 2008 would not have happened if senior credit managers had followed the 5 Cs of Credit,” said a chorus of senior credit rating executives in a recent closeddoor event I led in New York. What Are ‘the 5Cs’ anyway? It’s an......
R&R’s Ann Rutledge is quoted in China’s leading financial publication, Caijing, on July 30 in a report on Merrill Lynch’s sale of billions of dollars of CDOs at a deep discount: “Ann Rutledge, a partner for the structured finance consultancy R&R Consultants, described the move......