Paul Jorion's Blog

Month: September 2007

  • Thought as Word Dynamics

    On two occasions already on my French blog, I’ve written an article in a serialized format, posting each part whenever it was ready then creating a link to a copy of the whole text when it had reached a final form. In both instances has the process taken about two months (Les tâches et les…

  • The subprime crisis and the future of securitization

    Echanges is a financial journal published monthly by DFCG, the French association of financial officers and auditors. I was asked by Jean-François Casanova who will be the editor of a special issue devoted to securitization to contribute a piece on securitization in the light of the subprime crisis. Here it is, in an English translation.…

  • What may happen to you because you live in LA

    A couple of weeks ago we had a lazy summer Sunday much unlike our habitual boogie boarding or being on the lookout for some new budding talent of the LA pictorial underground: we acted in a video clip for My Ruin. We had attended the concert in East Hollywood on July 17th; I didn’t mind…

  • The ABS and Uncle Sam

    Mr. Paul Schulten is asking me the following: “It is true that delinquencies and losses in residential mortgage backed securities (RMBS) are strongly correlated with home price appreciation (HPA) or in the current environment home price depreciation (HPD). As we enter a period of possible decline in home prices these losses accumulate first to the…