A perspective on risk written in 2001 by Emanuel Derman, MD, Firmwide Risk, Goldman Sachs, & CO.
Entries from October 2008
Risk : Markets and Models
October 20th, 2008 · No Comments · Markets
Tags: Derman·Goldman Sachs·risk
Cox on the Credit Default Swap market
October 20th, 2008 · No Comments · Markets
Chairman Chris Cox is far too late in discovering, managing and regulating this market; a very costly mistake for the financial markets and the world: October 19, 2008 OP-ED CONTRIBUTOR Swapping Secrecy for Transparency By CHRISTOPHER COX Washington THE historic volatility in the financial markets has raised important questions about the lack of meaningful [...]
Tags: cox·credit default swap
Spreads on Credit Derivative Swaps
October 19th, 2008 · No Comments · Markets
A nice graphic . . :
Warren Buffett – Buy American. I Am.
October 19th, 2008 · 1 Comment · Markets
Excellent advice; I agree : October 17, 2008 OP-ED CONTRIBUTOR Buy American. I Am. By WARREN E. BUFFETT Omaha THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, [...]
Tags: Buffett
US Equity Markets – Oct 1 to 17 2008
October 19th, 2008 · No Comments · Markets
The S&P500 futures posted a major low around 9:15 CST on Friday October 10, 2008 of 837.00. The alltime high was 1586.75, almost exactly a year ago October 11, 2007. The low is 52% of the high – a sobering fact !
Tags: Charts
Russia – government, business and gangster capitalism
October 19th, 2008 · No Comments · Geopolitics, Markets
Russia is not covered well by the Western media: Oleg Deripaska: A will of iron made him the aluminium king A night aboard his yacht has proved tempestuous for Lord Mandelson, but then the richest of all Russian oligarchs didn’t get to the top of the post-communist heap by being a soft touch, says William Langley [...]
Tags:
The new News process
October 14th, 2008 · No Comments · Media
Jeff Jarvis has been at the forefront in shaping the discussions about the new News process – why the old process – controlled, centralised – died about 5 years ago. Stimulating presentation.
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Rating agencies . . . a weak link
October 12th, 2008 · No Comments · Markets
Ratings agencies need a complete overhaul: Moody’s Dangerous Aggression by: Vikram Saxena October 12, 2008 | about stocks: MCO / MS Moody’s might be coming down hard on banks during this period to restore some confidence in the value of their ratings. However, the timing of these actions was egregiously inappropriate, bordering on the [...]
Tags: Moodys·rating agency
US Securities Markets – weekly chart
October 12th, 2008 · No Comments · Markets
A major down move this week . . . key global players meet this weekend to act . . stay tuned ! Berlusconi Says Leaders May Close World’s Markets (Update1) By Steve Scherer Oct. 10 (Bloomberg) — Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world’s financial markets while they [...]
Tags: Charts
Secretary Henry M. Paulson, Jr. on Financial Markets Update
October 8th, 2008 · No Comments · Markets
Read the original and skip the media “empty-suits” opinions: October 8, 2008 hp1189 Statement by Secretary Henry M. Paulson, Jr. on Financial Markets Update Washington, DC– Good afternoon. Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act. The EESA provides the Treasury, the Federal Reserve and the FDIC with [...]