Market Commentary
Market commentary, macroeconomic trends, and monetary policy analysis.
Eaton – Dividing the Mortgage Loan and Affirming the Consequent
Background: A post Ibanez world In January the Massachusetts supreme judicial court held in US Bank National Association vs. Antonio Ibanez that a note holder m...
On the ethics of mortgage loan default
Is it ethical for the American homeowner whose mortgage has been securitized to default, even If they are not financially distressed? First, consider it is unli...
Ibanez – Denying the Antecedent, Suppressing the Evidence and one big fat Red Herring
The recent decision by the Massachusetts Supreme Judicial court helped focus a few important questions on the foreclosure crisis in America, but it is also bein...
Tattoos, Pyramid Schemes and Social Justice
We had planned to write a blog post on systemic fraud in the US financial infrastructure, particularly as it relates to the mortgage industry, mortgage originat...
Clean-Tech Economics: A Hypothesis Part 3
Current “Clean-Tech” enterprises present few “break-through” technologies. Rather there seems to be an improvement in overall efficiency of existing technologie...
Clean-Tech Economics: A Hypothesis Part 2
The internet may even pose a more precise analogy to “Clean-Tech” businesses than others insofar as the product is fundamentally important to us, and not merely...
Clean-Tech Economics: A Hypothesis
I venture to say that an economic movement which is based on our survival and well being as humans may be fundamentally too important to approach merely as a ca...










