Author Archives: Felix

Jockeying Begins for IMF Position

Is there some kind of rule which says that high-profile international technocrats
have to be French?
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Posted in IMF, technocrats | Comments Off on Jockeying Begins for IMF Position

New York State’s Mind-Boggling Economic Irrationality

I said
back in 2003 that New York behaves much like a dysfunctional Latin American
nation. Since then, most Latin nations have got their act together, certainly
in terms of fiscal policy. New York, meanwhile, has gotten precisely nowhere.
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Posted in cities, economics | Comments Off on New York State’s Mind-Boggling Economic Irrationality

Blogging Risks in the CDO Market

After having my coffee
with Armond Budish
this morning, I found myself in the neighborhood of my
old offices at Roubini Global Economics,
so I popped in to say hi. Nouriel
was there, extremely alert and rested for someone who’d made two trips to Singapore
in the space of one week, and so was Brad
Setser
, who, being Brad, wanted to talk about the potential systemic consequences
of a rebalancing of Arab states’ foreign exchange reserves.
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Posted in bonds and loans | Comments Off on Blogging Risks in the CDO Market

Control Your Money Even After You Die

I had coffee with Armond Budish this morning, who’s plugging
his new
book on estate planning
.
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Posted in personal finance | Comments Off on Control Your Money Even After You Die

Whither the UBS Investment Bank?

Maybe the attempt to grow the investment bank will turn out to be more theoretical than real. Rohner is a veteran of UBS’s buy side; it’s not yet clear that he has a lot of love or understanding for the sell-siders in New York.
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Posted in banking | Comments Off on Whither the UBS Investment Bank?

Monday Morning Links are Feeling Charitable

I’m going to be travelling for a large part of this morning, and then having
coffee with an expert on estate planning, so here’s a few links to keep you
going until I can get up and running.
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Posted in remainders | Comments Off on Monday Morning Links are Feeling Charitable

Who Will Get Acquired On Monday?

Cotten
Timberlake
has been looking at action in Macy’s and Target shares, and reckons
it’s consistent with the kind of insidery
trading
which often precedes an acquisition announcement or a shareholder-friendly
spinoff.
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Posted in stocks | Comments Off on Who Will Get Acquired On Monday?

Why Dell Won’t Get Delisted

In the staredown between Dell and Nasdaq, it’s the stock exchange, not the
computer company, which blinked
first
.
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Posted in governance, stocks, technology | Comments Off on Why Dell Won’t Get Delisted

The World Bank vs China in Africa

Africa’s need for infrastructure is urgent, and any African government should jump at whatever the quickest, cheapest option is. Right now, that’s much more likely to mean looking east than looking west.
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Posted in development | Comments Off on The World Bank vs China in Africa

Crazy Leverage in the Hilton Deal

Russ Winter notes that Blackstone’s acquisition of Hilton
hotels doesn’t make
a lot of sense
from a cashflow perspective.
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Posted in bonds and loans, private equity | 1 Comment

Payrolls: Unhelpful, As Usual

The monthly jobs report has increasingly little credibility.
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Posted in statistics | Comments Off on Payrolls: Unhelpful, As Usual

Bono Bashing

Does anybody have a nice word to say about Bono?
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Posted in development | Comments Off on Bono Bashing

Adventures in Technical Analysis, Apple Edition

Every so often, one comes across a piece of technical analysis mumbo-jumbo
so glorious in its meaninglessness that one can only stand back in admiration,
as though it were a Leonardo painting or perhaps a magnificent skyscraper.
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Posted in stocks | Comments Off on Adventures in Technical Analysis, Apple Edition

Wuffli Out at UBS

The UBS press
release
announcing "senior executive management changes" (aka
the firing of CEO Peter Wuffli) is a classic of the raises-more-questions-than-it-answers
genre.
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Posted in banking, defenestrations | Comments Off on Wuffli Out at UBS

Edward Pastorini Unmasked as Theodore Roxford

Theodore Roxford makes something of a career out of bogus takeover bids.
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Posted in fraud, stocks | Comments Off on Edward Pastorini Unmasked as Theodore Roxford

How Citi Reached the Top of the M&A League Tables

Maybe it’s not so surprising that Citi is now atop the M&A league tables: the league tables simply aren’t measuring advisory services any more.
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Posted in banking, M&A, private equity | Comments Off on How Citi Reached the Top of the M&A League Tables

Addressing Climate Change at the World Bank

"Marshall
Jevons
" has been watching the telly, and saw Sebastian Mallaby
telling Fareed Zakaria what Robert Zoellick
should be doing at the World Bank.
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Posted in climate change, world bank | Comments Off on Addressing Climate Change at the World Bank

Hedge Fund Analysts’ Salaries Soar

Mark Malyszko of Institutional Investor says that pay at hedge funds is through
the roof
.
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Posted in hedge funds, pay | Comments Off on Hedge Fund Analysts’ Salaries Soar

Economists vs Political Scientists on the Web

Ezra Klein wants
to know
why economists are overrepresented in the blogosphere, while political
scientists are nowhere to be found.
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Posted in economics, technology | Comments Off on Economists vs Political Scientists on the Web

Emerging Markets Reach Parity With Developed Markets

Emerging-market
equities are now trading at the same multiple as developed markets
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Posted in emerging markets, stocks | Comments Off on Emerging Markets Reach Parity With Developed Markets

What (Fake) Steve Jobs Thinks of the Music Industry

Could Fake Steve Jobs has the most astute
analysis
of the simmering tensions
between Apple and the music industry that I’ve seen anywhere.
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Posted in technology | 1 Comment

Why There Are So Many Frame Stores

Bryan Caplan has vacated the guest-blogger perch over at the Economist’s Free
Exchange blog, but he did leave his readers with an interesting puzzle
in microeconomics
, lifted from his
own blog
.
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Posted in economics | Comments Off on Why There Are So Many Frame Stores

Blackstone vs KKR: Schwarzman Wins

Now that both Blackstone and KKR have lifted their kimonos for the investing
public, it’s pretty obvious that Blackstone has won the face-off.
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Posted in private equity, stocks | Comments Off on Blackstone vs KKR: Schwarzman Wins

Carlos Slim, The World’s Richest Man

Carlos Slim is now the
richest person in the world
. Congratulations, Mr Slim. In honor of the news,
let’s generalize wildly from this one datapoint.
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Posted in wealth | Comments Off on Carlos Slim, The World’s Richest Man

Where Hits Come From

Chris
Dillow
and James
Surowiecki
both weigh in this week on the subject of where hits come from.
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Posted in economics | Comments Off on Where Hits Come From