Author Archives: Win Smith

Spam Followers

A wave of spam followers has hit this blog, so I removed the “follow” feature.  If you are sincerely interested in following this blog, please do so by contacting me.  Thank you. Advertisements

Posted in Uncategorized | 2 Comments

The Invisible Run-Off

Today, the Alphaville section of the Financial Times published The invisible run-off, in which I discuss a new source of “quantitative tightening” that almost no one seems to have noticed.  I estimate that $350 billion of private funds will be … Continue reading

Posted in Bonds, Economics | Tagged , , , | Leave a comment

My Letter to the Wall Street Journal

The Wall Street Journal just published a letter of mine, Debt Bomb has Shorter Fuse Than Many Citizens Think (credit to them for the snappy title, and to my wife Corrina for invaluable editing).  I respond to the Journal’s recent editorial Obama’s … Continue reading

Posted in Bonds, Economics | Tagged , , | Leave a comment

Quarter the Cross: An Elegant Construction

Last month, I presented an infinite pattern of nested crosses as a response to the  #QuarterTheCross challenge on Twitter.  The idea is to find interesting ways to shade one-quarter of the area of the cross built from five squares.Now David Butler, a math lecturer … Continue reading

Posted in Fun, Math | Tagged , | Leave a comment

Quarter the Cross

Yesterday, I noticed that some of the math teachers I follow on Twitter were challenging their students, and themselves, with the #quarterthecross problem.  The problem is simply to find interesting regions of a five-square cross that take up exactly one-quarter of … Continue reading

Posted in Fun, Math | Tagged , | 3 Comments

My FT Alphaville Commentary on Managing U.S. Treasury Debt

My commentary Go Long, Mr Mnuchin has just been posted at FT Alphaville of the Financial Times. I address whether the U.S. Treasury debt should be lengthened and whether it should sell 50-year or 100-year bonds.  I think that “ultra-long” bonds are … Continue reading

Posted in Bonds | Tagged , , , | Leave a comment

NAMA in NOLA

I am excited to go to New Orleans this week to speak at the annual conference of the National Association of Municipal Advisors (NAMA). I will be on a panel about bond structuring with Lori Raineri of Governmental Financial Strategies Inc., … Continue reading

Posted in Bonds | Tagged , , | 3 Comments