Invest Skeptically

As my former schoolmates (engineering school) will tell you, I don’t pretend to be an expert in math. In fact, I don’t even have a Ph.D. or masters degree in any of the popular risk management backgrounds: math, physics, engineering. But in light of recent experiences in the credit markets I’ll give you [...]

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Over the last few weeks there has been intense media coverage of U.S. subprime mortgages (still), the securitization of such (still), Canadian ABCP programs (that’s new), and demands for new regulation (gasp). After much Googling and newspaper-flipping here are some of my comments.
U.S. Subprime Mortgages
I specify U.S. subprime mortgages because the Canadian [...]

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