Strategy Driven

MARCH 6, 2014

The borrower would then sell the discounted $970 post note on the money market, also paying a discount to the post note purchaser of say $30, receiving $940 in cash. The insurance company would repay the money market investor’s post note of $970, yielding a $30 profit for both the insurance company and the investor. .

Insurance 52

Insurance Banking Crisis Discount 52

Harvard Business Review

DECEMBER 19, 2013

And in fact the prices of the particular financial assets that the Fed announced that it will buy less of, Treasury bonds and mortgage-backed securities, did drop slightly on the news Wednesday. Still, even Eichengreen thought the policy shift was too inconsequential to justify the market reaction. But stocks didn’t.

Bond 8

Bond Policies Long-term Short-term 8

Harvard Business Review

JANUARY 7, 2014

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. Greenspan was never a hardline believer in the rationality of financial markets. It’s true of all commodity markets. Almost everybody is bullish, expects the market to go up, and is fully committed.

Long-term 11

Long-term Banking Short-term Finance 11