Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
It’ll go down in the box score as a line drive, baseball announcers chortle when a seeing-eye dribbler finds the hole between shortstop and third – as if claiming a base that way is somehow unmanly.
Doesn’t look unmanly to me
Yet newly reconfirmed Chairman Ben Bernanke knows, as I wonder how many [...]
By: David A. Smith
[Continued from yesterday's Part 1.]
Yesterday, in our real-world metaphor for capital markets’ shenanigans, we encountered probabilistic meteorologist Cliff Bryant, who parlayed his interest in White Christmases into two tickets that, if honored as he thinks they should be honored, will be worth several million pounds.
Might two slips of paper be worth [...]
By: David A. Smith
Want to bet whether it’s going to snow tonight?
Odds of winning slim?
Every now and then, nature offers us a visual metaphor for an abstract principle of finance – so for our little tale of complex derivatives and interdependency among financial instruments, we need look no further than a heartwarming English tradition [...]
By: David A. Smith
[Continued from yesterday’s Part 6 and the preceding and Part 1, Part 2, Part 3, Part 4, and Part 5]
As 2009 opened, virtually the entire credit-crunch tidal wave had sloshed through the financial markets.
At least we’re still here
Single-family home prices appeared to be bottoming, albeit at lower levels and with much [...]
By: David A. Smith
[Continued from yesterday’s Part 5 and the preceding and Part 1, Part 2, Part 3, and Part 4]
During 2007 and 2008, what we thought merely a sector-restricted problem became a full-blown crisis.
That water costs money, you know
This is a major, seven-part post, best read in order.
If you’ve just arrived, we recommend [...]
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