| Date |
Link and Source |
Title and Description |
| 19 August 2015 |
Chicago Tribune |
"Why Chicago Gas Prices Are So High Right Now"
I explain how Chicago uses a blend to meet the EPA CMAQ spec which is
only produced at a few refineries &emdash; and why an outage at the
biggest refinery (BP Whiting) constrains supply to the Chicago/Milwaukee
area.
|
| 15 September 2013 |
Streetwise Professor |
"If You Have Lemons, Make Lemonade: Or, We'll Always Have Paris (if Not Pittsburgh)"
A discussion of the Banque de France/ECB/Bank of England conference on OTC derivatives reform where
I presented. Having Craig Pirrong say nice things about my research = super cool.
|
| 13 September 2013 |
First Business News |
"Under the Big Tarp"
A discussion of post-Lehman financial reforms. I mention a conference in Paris where I presented research
and talk about changes that have been made.
|
| 23 May 2013 |
Dialog Online |
"Q&A: Quant studies 'good' for industry" Discussion of why finance
is becoming more quantitative and how microstrusture is increasingly
needed to understand modern markets. Also some discussion of the
financial crisis.
|
| 9 May 2013 |
First Business News |
"Deficit Down" Commentary on the reduced deficit as a symptom of
economic recovery, both due to increased tax revenues (from higher
salaries/more workers) and reduced spending (less government
assistance needed if people find employment).
|
| 28 January 2013 |
First Business News |
"Treasury Turnover" Commentary on Timothy Geithner leaving the
post of Treasury Secretary and what his legacy would be. Not
aired: My opinion that Jack Lew is the wrong choice to succeed
Geithner and that Mary Schapiro would be much better.
|
| 27 November 2012 |
First Business News |
"Schapiro Leaving SEC" Commentary on how the SEC has improved
under Mary Schapiro. I also noted (not shown) her experience at
the CFTC and pondered why she might leave: to consult for firms
navigating Dodd-Frank changes, or (hinted at in the end) a cabinet
position like Treasury — since Obama is shuffling cabinet
posts. (N.B. The guy mentioning MF Global was wrong; that was a
CFTC, not SEC matter.)
|
| 7 August 2012 |
First Business News |
"Sleepless Knight" Commentary on algorithmic market making
problems at Knight Securities.
|
| 27 July 2012 |
Chicago Sun-Times |
"Did global finance scandal hit home?" Commentary on effect of banks
having manipulated LIBOR during the financial crisis.
|
| 14 June 2012 |
First Business News |
"Defiant Dimon" Commentary on likelihood of increased regulation after
scandals and losses at Goldman and JP Morgan.
|
| 15 May 2012 |
First Business News |
"Dimon Loses Luster" Commentary on effects of JP Morgan's $2 Bn loss.
|
| 1 May 2012 |
First Business News |
"The Pain in Spain" Commentary on Spain's construction bubble.
|
| 19 April 2012 |
Chicago Sun-Times |
"Teachers pension fund paid a whopping $1.3 billion in fees... for what?"
Commentary on large fees paid by Illinois pension fund TRS in a
piece by the Better Government Association.
|
| 16 April 2012 |
KMOX AM (St Louis) |
"Ill. Retirement System Playing the Stock Market" Commentary on the
risk and large returns generated by TRS. Bonus: Read the
comments. Dave Urbanek, TRS's PR guy, losses his cool in the comments
along with spewing a bunch of non-sequiturs. I invite him to call me
— which nobody from TRS has ever done. If I'm so wrong
and annoying that he needs to comment on a news story, I would think
he'd try to convince me of their perspective. Maybe he knows I'm right?
|
| 16 March 2012 |
First Business News |
"Parting Shot" Commentary on Greg Smith's public letter of resignation
from Goldman Sachs.
|
| 13 March 2012 |
Illinois General Assembly |
Testified about pension risks before the House Committee on Pension
Investments. (Transcript or audio recording pending)
|
| 1 February 2012 |
Medill News Service |
"U.S.-Iran tensions predicted to cause pinch at the gas pump"
Commentary noting that Chcago uses a unique blend of gasoline which
makes it more expensive than gasoline in most of the rest of the
country.
|
| 19 December 2011 |
Crain's Chicago Business |
"Pension peril: Illinois' TRS goes higher-risk with investments" About
Illinois Teachers' Retirement Services; I comment on some of the
risky investments they have made.
|
| 29 November 2011 |
First Business News |
(Starts around 5:20) About Barney Frank's retirement and what that
means for the House Financial Services committee and financial
markets regulation.
|
| 1 November 2011 |
First Business News |
About the bankruptcy filing of MF Global and my opinions that (1)
the markets will not be nearly as volatile as after the default of
Lehman Brothers, and (2) that we should soon see buyers competing
to buy up their assets.
|
| 31 August 2011 |
UIC News |
"A Green, Grand Opening" About the new Douglas Hall and what makes
our Market Training Lab unique.
|
| 23 August 2011 |
First Business News |
"Learning the Trade" About trading-related courses at UIC (e.g.
microstructure, news and strategies, commodities, asset management)
and our unique plans for the CME Group Trust Market Training Lab.
|
| 22 August 2011 |
First Business News |
"Trigger Happy" Discussion of recent volatility, stop-loss orders, and
if high-frequency trading is to blame. (I think not.)
|
| 9 August 2011 |
ABC 7 Chicago |
"Job seekers, investors watch market." Discussion of US market reaction
to S&P downgrading US Treasury debt, what investors should do, and
what it all means for employment prospects.
|
| 9 August 2011 |
ABC 7 Chicago |
"Investors, job seekers watch stock market." Discussion of US market
reaction to S&P downgrading US Treasury debt and what investors
should do.
|
| 8 August 2011 |
ABC 7 Chicago |
"'Fear' blamed for stock plunge." Discussion of US market reaction
to S&P downgrading US Treasury debt and what it all means for
consumers.
|
| 15 July 2011 |
First Business News |
Discussion of the US debt ceiling and the ratings agencies'
threats to downgrade US sovereign debt.
|
| 23 May 2011 |
Crain's Chicago business |
Discussion of Citdel CEO Ken Griffin's political spending and why
he has increased donations to the Repub;ican party.
|
| 3 May 2011 |
First Business News |
Discussion of markets and reactions to the killing of Osama bin Laden;
brief discussion of silver's large sell-off.
|
| 16 March 2011 |
First Business News |
Discussion of markets and emotions in light of unfortunate and
continuing developments in Japan.
|
| 25 January 2011 |
Medill News Service |
"Consumer confidence reaches 8-month high in January." Noted that
higher consumer confidence may mean the economy is no longer getting
worse, but that this does not mean it is getting much better.
|
| 5 January 2011 |
Die Zeit |
"Jetzt geht die Party richtig los." ("Now the Party Really Gets Started."
In German) Commentary on the difficulty of international hedge fund
regulation and supervision.
Rough translation via Google Translate.
|
| 20 December 2010 |
Reuters |
"Analysis: Wall Street to regulators: No need to rush." Commentary
on investment banks resisting some of the reforms in Dodd-Frank.
(Picked up by ABC and MSNBC.)
|
| 29 November 2010 |
First Business News |
More discussion of insider trading and changes in imposition of fines under
Dodd-Frank.
|
| 23 November 2010 |
First Business News |
Discussion of insider trading, the SEC crackdown, and retail investors'
confidence in the markets.
|
| 25 October 2010 |
First Business News |
Discussed the mid-term elections and what markets may be saying.
|
| 14 October 2010 |
First Business News |
Discussion of investing in silver, including pitfalls such as taxes,
long-term supply, the predominance of induustrial use, co-mining
effects, and how it may just be a bet on a resurgent macroeconomy
with a tease of a USD FX play.
|
| 9 September 2010 |
First Business News |
Discussion of investing in gold, including pitfalls such as taxes,
long-term supply, diversification, and big players in the markets.
|
| September 2010 |
aiCIO Magazine |
"The Last American Hero Manages a Pension Fund in West Virginia."
Discusses the problems of pensions being underfunded and taking on
complicated and risky bets. I mention why this might be rational
behavior by fund managers.
|
| 16 July 2010 |
First Business News |
Discussion of the newly-passed reform bill and what (thankfully)
was not in it.
|
| 6 July 2010 |
Fox Business News |
(No video) Short discussion of retirement for 20- to 30-somethings
and how both social security and pensions now appear to be letting
them down.
|
| 17 June 2010 |
Fox Business News |
(No video) Short discussion of the publicly-released derivatives
holdings of the Illinois TRS pension fund (held by public school
teachers).
|
| 10 June 2010 |
Medill News Service |
"Illinois pension fund uses OTC derivatives to recoup returns,
jeopardizes pensions." Discussion of publicly-released derivatives
holdings of TRS pension fund, their possible rationale, and possible
risks.
|
| 10 June 2010 |
Medill News Service |
"State lawmaker seeks change in Illinois pension law." Mentions
difficulties of unwinding OTC derivatives positions.
|
| 7 September 2009 |
Barron's |
"Stocks Slip 1% as Financials Flounder." End mentions a comment
letter I sent to the SEC suggesting they ban naked access (before
we even had that term). The SEC subsequently solicited comments
about naked access and banned it. I hope I was part of making
that happen.
|
| July? 2009 |
Bloomberg Radio |
"Taking Stock." More about the Russell Index Rebalance.
|
| 18 May 2009 |
Barron's |
"The Trouble With Transparency." About the Russell Index Rebalance,
how gameable it is, and how that costs investors. Love the opener!
|
| 9 April 2009 |
CIC eNews |
"Optimizing Academic Opportunities." About the Committee for
Institutional Cooperation and how it let me take classes at
Northwestern that helped me finish my PhD. (This was a nice
profile since I had gone on to work at a CIC member school. Then
the Big Ten admitted Nebraska triggering the CIC to kick UIC out.
Nebraska was then kicked out of the AAU within a few weeks. So
the CIC became a weaker research consortium, got egg on its face
for admitting a spurned research institution, and now this profile
is more ironic than warm. Sad to see the sports tail wag the
academic dog...)
|
| 18 March 2009 |
WTTW |
Chicago Tonight, Bottom Line series. Discussion of hedge funds: what
they trade, reasons why (and why not) they are secretive.
|
| 26 January 2009 |
Portfolio Magazine |
"Future of Wall Street: Quants: Down but Not Out." Containing my
less-than-polite remarks about the market savvy of former Secretary
Hank Paulson. (Yes, the man who bought SLKC for about 7x too much.)
|
| 5 January 2009 |
Crain's Chicago Business |
"Citadel shores up sinking funds." About the difficult situation
faced by some of Citadel's funds.
|
| 12 December 2008 |
Chicago Tribune |
"Citadel to cover operating expenses." Discussion of the unfortunate situation for some of Citadel's funds and the decision not to charge operating expenses to investors.
|
| 19 September 2008 |
Chicago Tribune |
"Hiring fuels JPMorgan, Citadel rift." About JP Morgan Chase and
hiring skirmishes with Citadel.
|
| ?? 2008 |
First Business News |
(Broken link; video lost) Discussion of pin risk at options expirations.
|