FRB: Speech with Slideshow--Stein, Overheating in Credit Markets: Origins, Measurement, and Policy Responses--February 7, 2013
This is Jeremy's Stein's speech on reaching for yield from February 2013.
Finance in America: Subterranean capitalist blues | The Economist
"The “master limited partnership” (MLP) combines the limited liability of a corporation, the tax advantages of a partnership and the governance of a private firm. MLPs do not pay corporate taxes so long as profits are passed on to investors each year. They also pay less attention to shareholder rights. A tidal wave of capital is washing towards these and other, similar “pass-through” structures (see this week's briefing). Together, they represent a mere 9% of the number of listed companies in America, but in 2012 th...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.