A Houdini Rally
A hat tip to the Immobilienblasen blog for the cartoon and observations: “So this remains the Houdini rally — no jobs; no pricing power; no broad participation; and no volume.”
Finance
De-Leveraged Buyouts
‘The Fall of Icarus’ by artist Marc Chagall Two reports about strategic M&A and private equity were released recently. Paul Weiss, a well-known corporate law firm, prepared a concise survey …
Hedge Your Hedge
sneigwh.blogspot.com Say it ain’t so. How many more obscure, undercapitalized financial institutions are lurking in the midst? According to a New York Times investigative article, and summarized here, Customer Asset …