Resources
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- The Citigroup Pricing Anomaly
- Donald Marron submits: Recent weeks have witnessed yet another case of law-breaking in the financial sector: Citigroup C is violating the law of one price. When the market closed last Friday, there were at least three different ways you could invest in Citigroup’s common stock: by Donald Marron
- External links 2009-05-26
- Citigroup Pricing Anomaly and Efficient Markets
- Donald Marron submits: The Citigroup C pricing anomaly may be in its final days earlier posts here and here. Investors must submit their offers to exchange preferred shares for common shares by this Friday which may require contacting your broker several days earlier. The common shares will then...
- External links 2009-07-21
- BlackRock: How to Manage $3 Trillion
- Donald Marron submits: Shawn Tully at Fortune has a fun article recounting the rapid rise of Blackrock, which will soon be the largest asset manager in the world. He contrasts the firm’s fixed-income investment strategy with other firms (e.g., Pimco) as follows: by Donald Marron
- External links 2009-08-21
- The Disconnect Between Oil and Natural Gas Prices
- Donald Marron submits: Thursday marked a new record in the divergence between oil and natural gas prices. As noted in a small item in the Wall Street Journal, the ratio of oil prices ($ per barrel) to natural gas prices ($ per million BTU) hit a record 24.5...
- External links 2009-08-23
- The Fannie and Freddie Anomaly
- Donald Marron submits: Can anyone explain the stock prices of Fannie Mae FNM and Freddie Mac FRE, the two government-sponsored enterprises that are supporting our mortgage market? On Friday, Fannie’s common stock closed at $2.04 per share, up 250% since the start of August. That values the company–to...
- External links 2009-08-31
- Natural Gas Is Cheap Compared to Oil
- Donald Marron submits: A couple weeks ago, I discussed the remarkable divergence between the prices of oil and natural gas. At the time, the spot price of West Texas Intermediate was above $73 per barrel, while the spot price of natural gas at the Henry Hub was about $3 per...
- External links 2009-09-02
- Lessons from the Fall of Lehman
- Donald Marron submits: As you have undoubtedly noticed, this week marks the one-year anniversary of the fall of Lehman Brothers–the moment at which the financial crisis became a severe economic crisis. I did an interview on Fox Business on Tuesday to discuss some of the lessons learned. (My...
- External links 2009-09-16
- Real Cost of the Baucus Bill is $904 Billion
- Donald Marron submits: Yesterday the Congressional Budget Office released its much-anticipated preliminary analysis of the new Baucus health bill. I will have more to say about the cost estimate later, but for now I want to make one simple point: The media are systematically misreporting the cost of...
- External links 2009-10-08
- COBRA: Adverse Selection in Action
- Donald Marron submits: The November 2 Forbes suggests that health insurance under COBRA provides a clear example of adverse selection in action. COBRA is the law that allows workers who leave a job either voluntarily or not to continue participating in the health insurance they were getting from their employer....
- External links 2009-10-26
- The GM (er, Motors Liquidation) Stock Anomaly
- Donald Marron submits: A few months ago, I wrote a series of posts about anomalies in the pricing of Citigroup C common and preferred stock see here for the final installment. At the time, Citi’s common stock traded at prices that appeared to be way too high relative to the...
- External links 2009-11-02
- Beyond SIGTARP's $23.7 Trillion Headline
- Donald Marron submits: Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program affectionately known as SIGTARP, is making headlines with his estimate that the government has provided “potential support totaling more than $23.7 trillion” in fighting the financial crisis. That estimate will be officially released on Tuesday...
- External links 2009-07-21
- Wired on Google Facing Increased Antitrust Scrutiny
- Donald Marron submits: The August Wired has a nice article about the increased antitrust scrutiny that Google GOOG is facing. (I would usually insert a link to the article, but I couldn’t find one online; sorry, but I am working from the dead-tree-and-ink version that the postman dropped off.) ...
- External links 2009-07-19
- Administration Stands Firm on Auto Dealers
- Donald Marron submits: Over the past year, the U.S. government has acquired an unprecedented investment portfolio, including a majority stake in GM (GMGMQ.PK) and a large ownership stake in Chrysler. These investments have raised a plethora of difficult policy challenges. One of the most important is the ongoing risk that...
- External links 2009-07-16
- The Berkshire Pricing Anomaly
- Donald Marron submits: Readers seemed to enjoy my post about anomalies in the pricing of Citigroup C securities, so I thought it would be fun to look at another anomaly, this time in the shares of Berkshire Hathaway (BRK.A) (BRK.B), Warren Buffett’s famous company. This pricing anomaly is...
- External links 2009-05-30
- Google Has Solid Defense Against Antitrust Charges
- Donald Marron submits: As Jeff Horwitz noted in the Washington Post yesterday morning (”Google Says It’s Actually Quite Small“, previously posted on Slate), the search giant will likely face close scrutiny from the Obama administration. Indeed, Google GOOG is already the subject of at least three separate antitrust reviews....
- External links 2009-06-08
- The Citigroup Anomaly Lives On
- Donald Marron submits: Summary: Citigroup securities are still violating the law of one price. Later this week, Citigroup C will finally launch its offer to convert some preferred stock into common stock. That exchange has big implications for the government, which purchased preferred shares through the TARP...
- External links 2009-06-10
- The TARP Peace Sign
- Donald Marron submits: Wednesday was a rare day in Washington: the Federal government was actually cash-flow positive. The reason, of course, is that ten major banks repaid $68 billion in TARP money. Smaller banks had previously repaid about $2 billion, so Wednesday’s action lifted total repayments to $70...
- External links 2009-06-19
- How Much Is TARP Costing American Taxpayers?
- Donald Marron submits: How much is TARP costing American taxpayers? We know that Congress originally authorized up to $700 billion in TARP investments. And we know that $439 billion has been committed to various programs. But how much of that money are taxpayers likely to see again? And to what...
- External links 2009-06-28
- Google and the Future of Economic Data Availability
- Donald Marron submits: Google GOOG may eventually solve the problem of finding data on the web. Too bad its first effort reports the wrong numbers for unemployment. Since leaving public service, I have occasionally pondered whether to start a company/organization to transform the way that data are made...
- External links 2009-07-09
- Wolfram Alpha, Unemployment, and the Future of Economic Data
- Donald Marron submits: I’ve received a number of helpful responses to my post about the strengths and weaknesses of Google’s efforts to transform data on the web. Reader DD, for example, reminded me that I ought to run the same test on Wolfram Alpha, which I briefly mentioned in my...
- External links 2009-07-10
- << Previous
- page 1 of 2
- Next >>
