Expect[ed] Loss

Back in our December 2010 piece ( The Psychological Biases of Holding Downgraded Bonds ) we commented on what was to us a rather unusual tre...

Given the high correlation between security prices and their ratings, we wanted to follow up on some of our prior pieces that contemplated t...

The capacity for price manipulation or price inflation presents a major challenge for the market to overcome, especially in the illiquid ma...

It continues to worry us that asset prices can be, or are, subject to conflicts of interests and inflationary pressures. As an independent...

As we combed through the latest list of subprime RMBS ratings downgrades, we found some astonishing actions, like AA ratings being reduced ...

Earlier this week, Expect[ed] Loss sat down with Christine Richard, author of Confidence Game . If you haven’t already read the book well fi...

With Carrington having been in the news of late, we thought we would investigate the performance of one of its bonds. Today's bond is c...

We did some work last year detailing the dynamics of the multi-billion dollar negative basis trade , the off-balance sheet trade that helped...

Investing brings with it many risks . When things go wrong, they often tend to go wrong in concert: credit risk and market risk and illiquid...

2010 and the Dodd-Frank Act ("DFA") brought to the fore Say-on-Pay and certain other delights for those investing in shares of f...