Everyone I know is anxious. Those who are employed are worried about how long their jobs will last. My entrepreneur-friends are all anxious that they are not making enough money, not getting enough recognition, not realizing their goals fast enough, etc. Of course those who are neither working nor "entrepreneuring" are also anxious. If we are going to eradicate the root of our economic problem, we must embrace the possibility that these three propositions are true:
  1. Balance sheet realities largely determine economic reality.

American Banker had an interesting column co-written by William Isaac (former FDIC chairman) and William Dunkelberg on how the Fed has run out of tools to help small business. The most interesting part is the comment of M, who provides a succinct summary of the...

R&R Consulting, an eleven-year-old Structured Finance consultancy expert in valuing complex securities, is offering new analysis to gauge the credit of prime non-agency residential mortgage backed securities. R&R’s analysis, which they dub PrimeTRAK, provides a current credit valuation on the synthetic mortgage index known as...

Moneyball by Michael Lewis is a story of the Oakland Athletics, an under-capitalized baseball team managed by Billy Beane. Unable to afford expensive talent, Beane turns to sabermetrics, baseball statistics that measure in-game performance, to select a lineup of cheaper players with lopsided abilities. Beane's own...

Two years ago, I switched. And, to better understand my sleek, shiny, beautiful new gadget, I found myself spending more and more time at the Fifth Avenue Apple Store. I discovered Apple was attracting - employing - young people from all walks of life (even Wall...

"The real question throughout the subprime crisis was whether the collateral manager's role was legit, or whether these firms lent their names and the appearance of objectivity to facilitate the sale of securities that were defective," said Ann Rutledge, principal of structured-finance consulting firm R&R...