Cardiff Garcia

S&P 500 to Hit 2100 in 2015: Goldman Sachs

valuewalk.com — Count Goldman Sachs as one of the S&P 500 bulls. Although not exactly at the level of Jeremy Siegel, analysts from Goldman are out with a new report which predicts the S&P 500 to hit 2100 in 2015.

A Marriage Mystery: Why Aren't More Wives Outearning Their Husbands?

theatlantic.com — The rise of women in the workforce has been hailed by The Atlantic as not only the greatest economic development in the last 50 years, but also the most positive overall development in the whole global economy. But a new study suggests that, for working women in the U.S., there is a surprising cost to earning more than your partner.

Donald MacKenzie · The Magic Lever: How the Banks Do It · LRB 9 May 2013

lrb.co.uk — Three years ago, the Bank of England set out to calculate a figure that does more than any other to shatter banking's preferred image of itself. The figure made its first, understated appearance in March 2010, when Andrew Haldane, the Bank's Executive Director for Financial Stability, . . .

Ask A Banker: Capital, Capital!

npr.org — Hi, it's Ask a Banker! You should send us questions on email or Twitter, but this particular question, though timely, was made up by me, sorry: Q. Should banks be required to hold much more capital as a safety net? Or should they be putting that money to productive use by lending it out instead?

Collateral crunch-counting gets sophisticated

ftalphaville.ft.com — Cardiff Garcia Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity.

Facebook, One Year Later: What Really Happened in the Biggest IPO Flop Ever

theatlantic.com — One year ago, Facebook's debut on public markets was meant to be a coronation. It quickly turned into the worst major IPO of the decade, but the preferred clients of big banks made huge profits off the crash. Why?

The persistent supply-side constraints in US housing

ftalphaville.ft.com — Every now and then, we take a look at why the US housing comeback continues at a pace that has disappointed those of us who believed (and still hope) that a rebound in household formation will produce a self-sustaining acceleration in the broader recovery.