Appreciating the remaining risks of bankruptcy strip-off of home mortgages
Investments in mortgage-backed debts carry reduced risk in light of the special protections afforded to collateralized claims. Second-lien investing, however, is subject to enhanced risk due to the...
View ArticleFighting populism by tempering bureaucratic centralization
Blaming outsiders for economic maladies appeals to base human instincts evolved over millennia to engender beliefs that the economy is zero-sum: one person’s gain is another’s loss. In the violent,...
View ArticleDecoupling from China
The jingoistic state-promoted anti-American propaganda blasting US ‘bullying’ on trade, the popularity of Trump toilet paper and Trump toilet brushes in China, and the virulent resurgence in Chinese...
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