The Best of the Aleph Blog, Part 7

August-October 2008 was a tough era to blog in as the crisis broke.  It was the height of popularity for my blog, I haven’t had that level of readership since.

Rather than go chronologically, this era lends itself to being topical.


The Crisis

Nonidentical Twins: Solvency and Liquidity

How Much Can the US Government Guarantee?

Oppose The Treasury’s Bailout Plan

We Need Oversight, and Compensation to the Taxpayers

Don’t Rush It

Let the Current Bailout Die

What A Fine Mess You Have Gotten Us Into

Oppose the Current Bailout Plan, Redux

I tried to fight the bailout.  I do not accept the idea that the bailout helped, regardless of losses of profits, because it skews future actions of those who think they will be bailed out.

The Aftermath of the Crisis

Blame Game

Blame Game, Redux

Blame Game III

There are many to blame from the crisis, including me.  I don’t go in for simple crisis explanations; the crisis was societal, global even.

Market Dynamics

The Fundamentals of Market Bottoms

The Fundamentals of Market Bottoms, Part 2

The Fundamentals of Market Bottoms, Part 3 (Final)

The Fundamentals of Residential Real Estate Market Bottoms

These pieces finished off a series of four for me.  Market dynamics are tough, and most people don’t get them.

Fannie & Freddie

A Way to Make Money Off of Fannie and Freddie

Margin of Safety

Another Look At Fannie and Freddie

If you listened to me, you made money off of the failure, and avoided losses as well.  No joke; I hit that one out of the park, Bill Miller!

Monetary Policy

Inflation for Goods Prices, Attempted Inflation for Housing-Related Assets, but Sorry, No Inflation for Wages

Liquidity for the Government and no Liquidity for Anyone Else

FOMC: Forking Out More Currency

Entering the Endgame for Monetary Policy

A Note on the Greenspan Legacy

NOT Born and Bred in the Briar Patch

The Fed continued its “brain dead” policy, until the crisis broke, and then began to catch up.


Analyzing Growth in Firm Value

Accounting Rules Do Not Affect Cash Flows

Illiquid Assets Financed by Liquid Liabilities (Or, why were you playing near the cliff?)

IFRS: Incomparable Flexible Reporting Standards.

A variety of articles dealing with understanding accounting, from a man who has not had a single accounting course in his life, but had to do financial reporting for 12 years.

Stable Value and Money Market Funds

A Proposal for Money Market Funds, and More

A Maximum of One Year of Interest Lost

There are alternative ways of assuring a stable net asset value.

Miscellaneous Financials

Puncturing Pensions

Residential Real Estate Will Not Have A “V” Bottom

The Banking Industry Should Learn from the Insurance Industry

Investing in Financial Stocks is Tough

Too Bad for Preferred Stock

Industries Don’t Learn From Each Other on Credit Issues

Financials are tough because there is nothing that stands behind them, except for willingness to pay.

Big Think Pieces

Financial Bloggers: The Conscience of Wall Street?

Finance When You Can, Not When You Have To

Capitalism <> Greed — Capitalism = Service

Rethinking Insurable Interest

Good pieces all.  Read them at your convenience.  They will still be valuable 50 years from now.