Debt Ceiling

Happy New Year to all. A lot of fanfare and hoopla about a non-existent debt ceiling has captured the imagination of the press, the Tea Party, and even the President….

Politico Economic Musings

The banking and mortgage placement community is earning more than ten times the norm on new mortgages entered into today! It works like this… The institution grants a mortgage at…

It’s Been a While

By Asher Edelman Yes, it’s been too long, in my view at least, since I’ve last put a pen to paper, so: ArtAssure Ltd. News Moss: Dialogues Between Art &…

EU, The Truth of the Matter

Of the €400 billion plus in rescue funds loaned to Greece all but €15 billion went to assist the banks. Almost all of what was received by the banks was recirculated to…

The Edelman Shock Market Index

There is no Edelman Shock Market Index, only a bit of intuition and experience. My intuition and experience say, “never predict markets,” but the Emperor’s Clothing, or lack thereof, are…

Musing on Derivatives

I read with interest in the Financial Times today about “Morgan Stanley’s plan to shift a large chunk of its $57 trillion derivatives portfolio into the part of the group…