Must read  – THE “3-D” HURRICANE FORCE HEADWIND – Robert D. Arnott – on deficit, debt, demographics, and asset allocation for the years ahead – RAFI Newsletter by Research Afiliates  -      hattip Prieur du Plessis ————   Must read – Options, who makes [...]

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  good read – On the future of reps and warrants – The New Rules For Compliance In The Post-Crash Environment – BY LOUIS PIZANTE – Mortgage Orb ———— Mortgage valuation: how much is due to Fed purchases? – Scott Grannis – … If rates are [...]

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An uncle once told me, “I’ve had bad luck with both my wives. The first one left me. And the second one didn’t.” In a story from Reuters,both Deutsche Bank and France’s BNP Paribas SA separately sued Bank of America last Wednesday, “claiming that the largest U.S. bank breached its obligations on a total of [...]

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  Will Japan Default? – Credit default swaps (CDS) bet on the default probability of individual companies and nations.  The sovereign CDS of Japan gives us the best estimation of the probability that Japan will default in the next 5 years: … At a current spread of 70 [...]

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