Monthly Archives: June 2013

Risk parity and the power of branding

The “risk parity” concept has been among the most popular ideas in fund management and asset allocation over the past few years, and has been one of the keys to the extraordinary success of Bridgewater, one of the most highly … Continue reading

Posted in Finance and capital markets | 2 Comments

As I was saying…

I was wondering when I wrote that post yesterday whether I went too far in my gloomy statements about the likely effects of rising interest rates on municipalities. I guess I wasn’t so far off the mark – from today’s … Continue reading

Posted in Public finance | Leave a comment

Municipal debt: from time machine to time bomb?

Kevyn Orr’s proposal to Detroit’s creditors last week included a wealth of information about the extent of the destruction of Detroit as a livable city, much of which has already been addressed elsewhere. The report also includes a good deal … Continue reading

Posted in Pensions, Public finance | 3 Comments

Detroit is not Dhalgren

Samuel Delaney’s po-mo science fiction masterpiece Dhalgren has been linked to Detroit since it was published shortly after the urban convulsions of the late 1960s. It’s not hard to see why – the book describes the fictional city of Bellona … Continue reading

Posted in Labor, Pensions, Public finance | Leave a comment