Is Structured Finance Dead?Before talking about structured finance, I need to speak about birds, in particular, those infamous black swans. For those unfamiliar with black swans and the recent economic and financial crisis, a little background is necessary. For centuries, no one ever found a black swan. Then one day, after Europeans “discovered” Australia, [...] [ Continue Reading.. ]Islamic Investing and Western InvestingMany of you have probably already heard the amusing simile that economists are the modern version of medieval theologians. Few people understand what economists are talking about, yet almost everyone feels the need to consult us. I have to admit to being an economist, and although I was trained by Jesuits, I don’t [...] [ Continue Reading.. ]Cash for Clunkers: It’s Time for Congress to ActAs many followers of my blog have been reading for many months, the recession is either at or extremely near its end. This was often “shouted” from the rooftops, even when others were still predicting doom and gloom. What I was really interested in was the shape of the recovery. In fact, [...] [ Continue Reading.. ]
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