Thanks to ML for this photo that shows graphically what is obvious to anyone paying attention – we have had a “slight” bubble in the real estate markets over the last coupla years. The font is too small to read so let me translate: greatest bubble in the past – scaled to 125%. Today – [...]
To be honest, I was kinda bummed to see my former employer’s name mentioned in the first major headline on this topic, but I can be certain that they will not be the last. I will be absolutely shocked if we don’t see certain rating agencies among all of the largest creaters of these instruments [...]
Thanks to SK for forwarding this article from the Fool walking through the nuts and bolts of why the Bush “bail out” is so bad. If you have a few minutes and are interested in a quick summary of some of the implications of the current attempt at putting a band-aid on a compound fracture [...]
Things have surely turned dark quickly. It was just three months ago that the concept of a “put” to the government was somewhat in question as I discussed in September. With three consecutive rate cuts not sufficing to convince the market that the put is strong enough (the market fell 250 points in less than [...]
This is a great sign. It looks like Yale already followed Harvard’s lead in dropping tuitions. Hopefully the tide will swell… Yale to Join Harvard in Easing Student Cost, Schools May Follow Yale University next month plans to announce a student aid plan that could rival Harvard’s initiative to ease costs for “middle-income” families. Again [...]
This is a really cool article about Harvard’s new policy regarding financial aid. It not only shows how progressive leading universities are now getting with regard to making a real commitment to socially-mobile education policy, it also shows that private sector reform can lead the way to education reform with the right leadership. I hope [...]