Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Goldman Sachs seems worried about bond-market liquidity. In a note to clients Tuesday, Charles Himmelberg and Chris Henson at Goldman Sachs dissect the recent decline in dealer inventories of investment-grade corporate bonds. This sounds arcane and boring, but their analysis is one of the most important and troubling things we’ve read about bond-market liquidity. Now,…
Two weeks ago, we reported that one of the numerous “unicorns” prancing around Silicon Valley was about to have a very rude wake up call when Dropbox was warned by its investment bankers that it would be unable to go public at a valuation anywhere near close to what its last private round (which had…
Startups don’t turn into unicorns — the buzzword for companies valued at a billion dollars or more — without a good story attached. For WeWork — which leases office space, divvies it up into desk-sized chunks, and rents it out month to month, largely in fashionable cities like San Francisco and New York — the…
Photo A Wework member working in one of the many unique spaces at Wework headquarters in the New York City neighborhood of Chelsea. Credit Cole Wilson for The New York Times WeWork, which rents out offices and desks to freelancers and budding companies, has been on a fund-raising tear. In just five years, the New…
Do we make both a conceptual and analytical mistake when we refer to student loans as a form of “financial aid”? Should that term be something to be resisted? Demos’ Tamara Draut brought up this point in a conversation recently, and I think it needs to be explored further, because it frames how we speak about student…
Kellie Woodhouse’s story yesterday about Wagner College and its plans to shrink strategically should be required reading for people at teaching-intensive institutions in the Northeast, and for the politicians who decide on budget allocations. Much of the Northeast and Midwest suffers from a decline in the number of 18 year olds, and the decline is…
Photo by Erin. The D.C. government is hardly the only entity taking advantage of the city’s hot housing market to turn a tidy profit. More than a quarter of all homes sold in 2015 passed hands in less than three years, according to data published by District, Measured. Problems with unscrupulous house flippers (and…
Begin: WordPress Article Content Today, Twitter announced an 8% layoff, and Wall Street is responding to the news. Its stock is up over 5%, signaling that investors also felt that it was time for the social networking company to slim down. Former members of the flock who were affected are starting to share their stories…
For “subprime”, read “non-prime”. Yield-hungry investors are ready to endorse a revival of bonds backed by riskier US residential mortgages, as lenders warm to housebuyers who do not meet strict borrowing guidelines introduced after the financial crisis. More ON THIS TOPIC VW car loan securities at risk of losses EU plan to revive ABS faces…
For years, everyone involved with investing has wanted to know: When will the Federal Reserve raise interest rates? But there’s another important consideration that isn’t asked nearly enough: Can the Fed raise interest rates? That query is more than academic. With the US economy looking increasingly strong, some still think the Federal Reserve could act…