By Robert J. Shiller, Rafal M. Wojakowski, M. Shahid Ebrahim, and Mark B. Shackleton
This paper studies the Continuous Workout Mortgage (CWM), a two in one product: a
fixed rate home loan coupled with negative equity insurance, to advocate its viability in
mitigating financial fragility.
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Thursday, December 21, 2017
Saturday, December 16, 2017
What Is Bitcoin Really Worth? Don’t Even Ask.
Dabbling in Bitcoin lies somewhere between gambling and investing.
After all, true investing requires a rational appraisal of an asset’s value and that is simply not possible at present with Bitcoin. Real understanding of the economic issues underlying the cryptocurrency is almost nonexistent.
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After all, true investing requires a rational appraisal of an asset’s value and that is simply not possible at present with Bitcoin. Real understanding of the economic issues underlying the cryptocurrency is almost nonexistent.
Read more
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