Nerd's Eye View

APRIL 3, 2024

As has been the case for the past several quarters, the prevailing characteristic of the economy is one of bifurcation, with interest rate-sensitive sectors remaining in a recession (as evidenced by the manufacturing sector's 16-month-long contraction), while the services sector (which accounts for nearly 80% of U.S. GDP) continues to expand.

Economics 77

Economics Marketing Valuation Profit and Loss 77

Barry Ritholtz

MARCH 12, 2024

And up until that moment in time, we didn’t spend a lot of time on credit risk in mortgages. We didn’t really have to model credit risk because that was, that risk was taken by the agencies. But in these private labels, you had the, the market was taking the credit risk.

Profit and Loss 57

Profit and Loss Investments Marketing Securities 57

Barry Ritholtz

SEPTEMBER 26, 2023

When you look at this present environment, do you think of yourselves more as bottom up credit pickers or, or do you look at the macro environment and say, Hey, we have to figure out what’s going on there? Also, 00:36:15 [Speaker Changed] You know, we’re bottoms up credit pickers. 00:37:26 [Speaker Changed] Huh.

Investments 52

Investments Banking Economics Construction 52