Month: September 2008

There are some tough decisions ahead. Not!

We all know that the relationship between credit-ratings agencies and the clients they rate is a corrupt one, reeking of moral hazard. Some of us have even laughed when told that a company is triple-A […]

We’ve seen the deaths of Polonius, Claudius, and Laertes, otherwise known as house-price falls, commodity-price rises and bank collapses. There still remains the death of Hamlet himself, the final double-digit percentage stock market crash. That […]

Events of the last year seem to have passed a lot of researchers by. I find it both amusing and disturbing that the same people are still giving the same lectures about the same models […]