Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
[Continued from yesterday's Part 1.]
Now they know how many holes it takes to fill the Albert Hall
– The Beatles, A Day in the Life
If all you took from the February 11 Economic Times of India were the clips we highlighted yesterday, one could be forgiven for being depressed about India’s potential – [...]
By: David A. Smith
I read the news today, oh boy
– The Beatles, A Day in the Life
One day’s newspaper clippings – in this case, The Times of India, Thursday, February 11 – represent an info-montage of the world’s largest democracy muscling its way into the twenty-first century, and along the way the world’s largest and [...]
By: David A. Smith
When everyone else gets sick, even the healthy start having symptoms too.
Oh, I should never have gorged on those ‘07 and ‘08 loans
As one of only three stores left open, still selling single-family and multifamily long-term financing, the Federal Housing Administration – the GSE from the right side of the blanket, as [...]
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 [...]
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