I read this article in Financial Times: Nanshan deals with Goldman Sachs halted.
China’s securities regulator has ordered a state-owned power group to cancel oil derivatives contracts it signed with a Goldman Sachs subsidiary which would have exposed the Chinese company to losses if oil prices continued to fall.
A Chinese power producing company was concerned about [...]
I have quite a few bond proposals on my November 4th ballot. I voted (by mail) for one measure for public transportation, another for public schools and against the others. What’s interesting to me is that the proposals all say there is no tax increase because the bond repayments will be paid out of the [...]
Do you wish you attended a top university and studied under the greatest professors? I do. That’s why I’m a big fan of the Great Courses series by The Teaching Company. I get to learn what I haven’t in college.
This gets better. Under its Open Yale Courses initiative, Yale University made available online, FREE!, ECON [...]
An article in Financial Times led me to a good research paper by Luci Ellis, an economist at Bank for International Settlements (BIS). BIS is the “bank for central banks” based in Basel, Switzerland.
The paper confirmed what I suspected when I wrote Mortgage Loans Around the World. Basically the home loan borrowers in the U.S. [...]
