Mortgage Portfolio Selling for Dummies

Someone should drop off a copy of the “Mortgage Portfolio Selling for Dummies” book to 20th and Constitution Ave in DC. It’s a pretty simple book as it has only 3 basic rules. 1. Be opportunistic with your sales - never commit to any program. 2. When the market chokes...

Puppy Dogs and Rainbows for the Summer of 2011

Well, the near collapse of the global financial system has been averted after many sleepless June nights! Syntagma square has firmly cemented its place in modern financial history, and the Greek people are now resigned to their plight of lower wealth and lower income...

Opa!!! Greece’s Ronald Reagan moment

The vote has passed and it looks as though "da dip" in risk assets is being bought!! It certainly has been tough to hang with a long term rosy view in June, but for those that were able to remain committed, and buy in the face of adversity, the rewards have been...

The QE2 scorecard

As we wait and watch for the Greek decision on Wednesday, there is really not much more to say on Europe - the event is digital. And while a catastrophic “no” vote remains highly unlikely (who would have cast a vote of confidence last week, only to vote against the...

Trichet’s Tartarean Pit and Oil Easing

Tartarus was both a primordial god and a place from ancient Greek mythology. It was an abyss, below Hades, where souls were tortured - an infernal underworld of eternal pain and despair. As for location, it was no doubt much closer to the European side of the globe...