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“An explosive critique about the investment industry: provocative and well worth reading.”
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Monthly Archives: September 2009
Meredith Whitney on CNBC this morning
Meredith Whitney, founder and CEO of the Meredith Whitney Advisory Group, discusses financials and the state of the credit market on CNBC. Two things I appreciate about Whitney are her ability to explain the interconnection of banks, credit, housing and … Continue reading
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Another wave of foreclosures coming soon to the US market
An article in the Washington Post this morning reminds us of a major headwind now coming back to the foreground over the next several months: mortgage resets. Fitch Ratings estimates that 70 percent of the $189 billion in outstanding option … Continue reading
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How to turn 100m into 4m in just 15 years
A friend sent me a link to a painful but potentially enlightening New York Times article this week: Software Entrepreneur’s Property Is Sold at Auction. This story is common but too little discussed; and the lessons from it can be … Continue reading