Mischaracterizing HAMP and Principal Reduction: A Regression Discontinuity Test Error
Explaining a fundamental error in a widely-touted paper on HAMP modifications.
Read more...Category Archives: Credit markets
As the Fed Tightens, Where Will the Credit Crunch Pinch First?
Who will feel the pain first in the coming credit squeeze?
Read more...What’s the Problem with Financialization?
Some of the analytical sleights of hand used to promote the ideology of financializatation.
Read more...“Fatally Flawed” Paper on HAMP Mortgage Program Gets Program Design Backwards, Botches Regression Analysis, Yielding Propagandistic Findings
How a new paper on HAMP manages, by not understanding the program. to whitewash it as well as promote financialization.
Read more...Michael Hudson: Rescuing the Banks Instead of the Economy
Michael Hudson on his themes of how banks are mainly funding real estate rather than the economy and the problem of failing to write down debt that can’t be repaid.
Read more...Contagion in the European CoCos Market
the possibility that the coupon payment on the CoCos issued by a single bank might be suspended led to very adverse dynamics in the entire market for CoCos that cannot be totally explained by banks’ fundamentals.
Read more...FICO Gets Creative With Credit Scores to Facilitate Getting More Americans in Debt
FICO is evil.
Read more...Student Debt Bondage Becoming More Widespread
More sobering news on the student debt front.
Read more...The Effectiveness of Large-Scale Asset Purchases
This is Naked Capitalism fundraising week. 551 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and […]
Read more...Ending the Evil of Student Loans
A set of proposals on how to reduce the damage done by the overhang of student loans.
Read more...Mr. Market’s Hissy Fit May Be Over….For Now
Puzzling out the markets have changed, and not changed, since the crisis.
Read more...Why Hysteria Over the Italian Budget Is Wrong-Headed
A critique of the bad-model-induced fear-mongering over Italy’s proposed budget deficits
Read more...Costing the Country: Britain’s Finance Curse
More discussion of the downside of having too much finance.
Read more...Toys ‘R’ Us to Come Back from the Dead
Toys ‘R’ Us will be back, albeit in a skinnied down form.
Read more...Disaster Profiteers vs. the People of Puerto Rico
Puerto Rico shows how distress and grifting too often go hand in hand.
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