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The Bizarro World of FAS 159
Do you remember the episode of Seinfeld titled “The Bizarro Jerry”? In this episode, which was based on Bizarro Superman, everything is backwards, i.e., up is down, down is up, in is out, out is in....
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JPMorgan Chase and the London Whale: Understanding the Hedge That Wasn’t
How exactly does one "hedge" a book of commercial loans — JPMorgan’s traditional banking business — by writing protection on other companies’ paper, thereby gaining loss exposure to these other loans?...
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Irrational Exhuberance Redux? Greenspan Says Stocks Are Cheap
Critics of former U.S. Federal Reserve Chairman Alan Greenspan’s tenure at the Fed — there’s no shortage — may well consider his bullish call on stocks a contrary indicator. Read more →
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Top Five Articles from May
Top posts from last month included articles on JPMorgan Chase's $2 billion loss, recent 13F filings, and the opportunities in frontier markets. Read more →
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Our Top 10 Posts from 2012: The European Sovereign Debt Crisis, Warren...
Our ten most-popular articles from the past year include coverage of the ever-unfolding European sovereign debt crisis, how the election cycle affects the markets, and Warren Buffett's secret sauce....
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Weekend Reads for Investors: Stocks Surge, Will Earnings Follow?
Investors unnerved by news that US companies have been talking third quarter earnings estimates down at the second highest rate since 2001 might take solace in the fact that this year’s second quarter...
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