Monthly Archives: May 2011

Post 1500, Post Launch

Every 100 posts, I take a step back and try to think about where we have been over the last five months.  The investment world has been bullish, favoring stocks and commodities, and not bonds.  Money market rates have been driven to zero or so. (Have they tried to bill you yet for holding your […]

Book Review: Debunkery

  Ken Fisher and Lara Hoffmans write well.  This book is accurate (with a few quibbles), and succinct.  I know these topics well; it took me less than three hours to read it. There are many half-truths that travel around Wall Street.  There are still more that come from salesmen.  There are those that your […]

On Longevity Derivatives

I am a firm believer in “you can’t get something for nothing.”  So it is when a new derivative is proposed.  Either there are natural counterparties to take up the exposure (reducing their risk), or speculators must be encouraged to take the risk (more likely). So, with longevity derivatives, the risk is people living too […]