It has been a long while since I last posted. Lots and lots of water under the bridge...
What is bringing me back? The immediate reason is my third viewing of rhe movie The Big Short last night. Old readers will recall my rants against the mortgage backed securities fraud, the poisonous alphabet soup of CDOs, CDO squared, synthetic CDOs, CDS, etc, etc.
But, like I said, that's ancient history in the finance universe.
What gives today in the debt world? The most glaring, flash in your eyes signal is negative interest rates. Think about it: NEGATIVE INTEREST on fiat money savings... Negative returns on pension assets for an aging workforce!! Good luck with that, I say.
I will stop here for today, but I am back for good now. Yes, charts and thoughts on a money world gone upside down batty.
Talk soon!
What is bringing me back? The immediate reason is my third viewing of rhe movie The Big Short last night. Old readers will recall my rants against the mortgage backed securities fraud, the poisonous alphabet soup of CDOs, CDO squared, synthetic CDOs, CDS, etc, etc.
But, like I said, that's ancient history in the finance universe.
What gives today in the debt world? The most glaring, flash in your eyes signal is negative interest rates. Think about it: NEGATIVE INTEREST on fiat money savings... Negative returns on pension assets for an aging workforce!! Good luck with that, I say.
I will stop here for today, but I am back for good now. Yes, charts and thoughts on a money world gone upside down batty.
Talk soon!
Welcome back stranger! Very much looking forward to hearing your thoughts once more...
ReplyDeleteI'm looking forward to your analysis.
ReplyDeleteLast time around everything was so simple. The bad debt was relativly easy to identify, the risk factors so obvious. There were a lot of surprises in the end game, but the general trend was clear.
Now, the debt world is so much more complex (something I couldn't imagine I would be saying 10 years ago). The issues are so pervasive, identifying where the risk is hiding is becoming increasingly challenging.
Good to see you back! Looking forward to your articles.
ReplyDelete