Archive for April, 2008
Why the oil price is so high?
Posted in Uncategorized on April 29th, 2008 by Paul Deng – Be the first to commentIt's the falling dollar, stupid!
The smartest guys in the room: Where’s the economy going?
Posted in Uncategorized on April 28th, 2008 by Paul Deng – 1 CommentA solution to counterparty risk
Posted in Uncategorized on April 27th, 2008 by Paul Deng – Be the first to commentWall street is working on a new mechanism to reduce the couterparty risk (illustrated by graph below), reported by WSJ.
Peter Bernstein is worried
Posted in Uncategorized on April 26th, 2008 by Paul Deng – Be the first to commentPeter Bernstein WSJ interview. He thinks the current crisis will last longer than most people thought.
WSJ: How long do you think this whole process will take, before we get back to normal?
Mr. Bernstein: Longer than people think. The people who think we will have turned in 2009 are wrong. There has to be a respite along the way. Nothing goes in one direction forever. But it will take longer than people think. If that weren't the case, I would be talking entirely differently. I would be saying, "What an opportunity we have got." And I just can't believe that the opportunity is here yet. There is too much to unwind.
