Houston-based Oxford “is a publicly traded Asset Resolution company specializing in the purchase and management of individual and bulk loan portfolios consisting primarily of Sub-Performing, and Non-Performing Residential and Commercial loans.” I went to its website after reading a post at Calculated Risk about Oxford buying a bunch of mortgages from an unnamed bankrupt lender [...]

In today’s FT, Harvard economist Ricardo Hausmann gives the Fed and this entire nation of whiners we live in a scolding: [M]acroeconomic policy should not be based on a panicky attempt to avoid a 2008 recession at all costs but on a forward-looking strategy that achieves the needed reduction in consumption at the lowest cost [...]

Reader Henri Tournyol du Clos calls to my attention a post I wrote back in September on an FT interview with Jean-Pierre Mustier, chief executive of corporate and investment banking at Societe Generale. The FT wrote: Mr Mustier reckons that credit conditions will normalise at around the level they were late in 2004. This means [...]

Graphic by Feilding Cage/Time.com The latest S&P/Case-Shiller Home Price numbers came out yesterday. The headline was bad: The 10-city composite was down 8.4% in the 12 months ending in November, the worst performance in the history of the index, which goes back to January 1987. But real estate is, as they say, local. So Feilding [...]

One of the most cherished beliefs of supply-side zealots is that cuts in capital gains tax rates always increase revenue. To be sure, there are often dramatic upward revenue swings right after the cap gains rate is cut. But that is in part because people can choose when to enter into the transactions that result [...]

I’m in the Zurich airport waiting for my flight home, and can’t think of anything better to do than post more thrilling photos of my trip. I might post a little more about Davos on Monday but after that I promise I’ll shut about it. New techniques in serving champagne at the closing gala The [...]

I realize that this photo is a blurry mess, but it may be the only visual record of one of the most surreal Davos moments ever. Somewhere behind those backs of people’s heads are Cherie Booth Blair (you know, Tony’s wife), pretending to be an intestinal worm, chasing (while wearing boots with three-inch heels) after [...]

Here’s my final CapitalistCast from Davos. It’s the most content-free yet! The folks in New York have been bugging me to be more like Ana Marie Cox and Mark Halperin and impart actual information about the day to come. But by the time you watch this, the day in Davos will already be mostly or [...]