Word: loing
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According to team president Stephanie H. Lo ’10, the Harvard squad suggested that the Fed lower the Commercial Paper Funding Facility (CPFF) rate and that the CPFF take trade credits as collateral...
Using trade credits for collateral “is an extremely novel idea,” Lo said. “Everyone talks about the Fed funds rate...and I think they were looking for a deeper understanding of the economy...
...Another Way to Die," Jack White and Alicia Keys One problem is that White and Keys have no audible chemistry. Another is that their song has no chorus. But mostly it's that lo-fi guitar fuzz suits Bond about as well as a rented tux. (Read Richard Corliss's Quantum of Solace review...
...hedgies would make the same bad bets, potentially causing a devastating cascade of failures. With so many fund managers following the herd, in other words, there was a greater chance that they would go over a cliff together. "A bank run doesn't affect just one bank," says Andrew Lo, a finance professor at MIT who applies ideas from psychology and evolutionary biology to investment. "It can easily spread to the entire banking industry. What we're seeing now [in hedge funds] is a bank run, but a bank run gone wild. It's a bank run on steroids because...
...change in hedge funds may not be entirely bad news for investors, either. According to NYU economist Brown, an industry shakeout could get rid of many undercapitalized or poorly managed funds, leaving remaining funds to consolidate. And the culling could even be healthy for the industry, says MIT's Lo, who draws an analogy from biology. "We've just seen a big meteorite hit," he says. "It will kill a number of species. But in the wake of that death, whole new species will arrive." As students of evolution know, the dinosaurs died to make way for something smarter...