Accrued Interest

WaMu's Disclosure: Not Enough For This Investor

Thanks to all that commented. I guess the real question is whether WaMu was any different than the whole industry, and whether NY can elevate merely choosing an appraiser to a criminal act. We may all agree that having favored appraisers stinks to high hell, but getting an actual conviction is something else. We'll see.

WaMu's Disclosure: Not Enough For This Investor

Thanks to all that commented. I guess the real question is whether WaMu was any different than the whole industry, and whether NY can elevate merely choosing an appraiser to a criminal act. We may all agree that having favored appraisers stinks to high hell, but getting an actual conviction is something else. We'll see.

Ambac Financial Group: Run For the Hills

You should read this post: tinyurl.com/2qbpm3

Will give you a little more perspective on what's going on at ABK and MBI.

Is the Market Misreading the Fed?

I have to disagree. Bernanke believes the Depression was a monetary event. He won't allow even a sliver of a chance that illiquidity cause a major bank failure. He's going to keep cutting until banks are earning their way through the crisis through carry. Mark my words.

Is the Market Misreading the Fed?

I have to disagree. Bernanke believes the Depression was a monetary event. He won't allow even a sliver of a chance that illiquidity cause a major bank failure. He's going to keep cutting until banks are earning their way through the crisis through carry. Mark my words.

Loan Modifications and the Mortgage Market

Dunno.

A Bond Fund That's Redefining 'Pain'

Yeah. RMA and RMH. The only thing I know about them is they're both down about 50% YTD.

A Bond Fund That's Redefining 'Pain'

Its hard to respond to your question without going through Kelsoe's portfolio line by line. I know there are some closed-end funds which are similarly managed. Those might have big discounts right now.

Housing Meltdown: There's No Time For Sorrows

Can someone at Seeking Alpha tell me how to delete this crapola?

Housing Meltdown: There's No Time For Sorrows

One of the cool things about running a blog is you actually can go back and see what you thought when. Its much more educational than how most people review their trades, which is deeply biased by knowledge they have since acquired.

Job Growth? This Economy Is Hotter Than I Thought

Well, we can certainly agree that the trend is what matters and that statistics should only carry as much meaning as their accuracy!

Job Growth? This Economy Is Hotter Than I Thought

I think that's why serious economists/traders/inv... don't put much weight in any given economic release.

7 Lessons Football Gambling Can Teach You About Investing

Sorry I didn't respond to these comments earlier. I tend to respond on the actual blog (accruedint.blogspot.co...) more regularly.

Inflation Statistics Can Deceive You - Don't Trust Them

Sorry I'm not responding to comments faster. I keep forgetting to check this site! Comments made to my blog directly will tend to get faster responses.

Inflation Statistics Can Deceive You - Don't Trust Them

Why wouldn't a trimmed mean measure pick this up then? I mean, the argument you are advancing goes like this:

1) Money supply has indeed risen.
2) But all of the increase in spending is going to food and energy.
3) Since F&E are rising faster than the money supply, it must follow that some other price is falling.

But measures that take out the highest and lowest price increases (whatever they might be) don't show much inflaiton either.