Economics & Capital · Short Take
On the Earlier Writing
A note on the financial writing from my years in institutional investment management — and the lessons it preserves.
July 2026
A note on the financial writing from my years in institutional investment management — and the lessons it preserves.
Announcing my appointment as Vice President for Institutional Administration at Midwestern Seminary.
Three principles common to the four New Testament accounts of Jesus commissioning his disciples.
Psalm 131: the quieted soul as the antidote to prideful ambition.
Twin Cities Business reflects on a long conversation about the causes and aftermath of the credit crunch.
Roger Lowenstein’s New York Times Magazine history of the rating agencies and the structured-finance CDO.
Falling short-term rates have defused the reset crisis — but eroding equity is driving a new kind of default.
Announcing the follow-up paper to “Subprime Strikeout,” re-assessing the subprime market a year into the crisis.
The Pioneer Press on Piper Jaffray moving to take failed auction-rate securities off clients’ hands.
The New York Times asks whether the option ARM belongs in subprime lending; my opinion among others.
Talking with Investment News about whether over-levered students are the next chapter of the credit story.
Forbes on lenders’ over-reliance on FICO scores — echoing conclusions from “Subprime Strikeout.”
The Christian Science Monitor on the coming wave of subprime rate resets, with my read on how the market would change.
The Wall Street Journal examines the rating agencies’ role in the subprime crisis — with a quote from yours truly on A10.
Announcing “Subprime Strikeout: Assessing the Subprime Mortgage Market,” a position paper co-authored with colleagues at Advantus Capital Management.