Related by context. Frequent words. (Click for all words.) 51 inflations 50 speculative bubbles 50 manias 47 speculative excesses 47 MBSs 47 housing bubble 47 Great Moderation 47 quant funds 47 inverted yield curve 46 financialization 46 Deleveraging 46 securitized mortgages 46 speculative bubble 46 risk premia 45 hedgies 45 bubbles 45 Recessions 45 mispricing 45 vicious spiral 45 hedge funds 45 asset bubbles 45 Downturns 44 quants 44 mean reversion 44 subprimes 44 mispriced 44 Tjornehoj 44 overinvestment 44 Hedge funds 43 speculative inflows 43 Ponzi schemes 43 Carry trades 43 LBOs 43 wild gyrations 43 illiquidity 43 loss severities 42 bubble 42 leveraged buyouts 42 overleveraged 42 misalignments 42 short termist 42 external imbalances 42 Subprime mortgage 42 Junk bonds 42 self perpetuating 42 fiat currencies 42 Artificially 42 subprime meltdown 41 nonbanks 41 refinancings 41 Subprime borrowers 41 short termism 41 depressions 41 irrational exuberance 41 reflation 41 trick ponies 41 borrowing binge 41 downdrafts 41 convertible arbitrage 41 subprime mortgage debacle 41 moral hazard 41 synthetic CDOs 41 deleveraging 41 fractional reserve 41 SPACs 41 downswings 40 recapitalisations 40 fiat currency 40 mortgage loan originations 40 refis 40 currency debasement 40 herd mentality 40 herd instinct 40 recessions 40 jumbo loans 40 LTCM 40 volatility 40 liquidity 40 implosions 40 obj obj = 40 devaluations 40 illiquid 40 subprime debacle 40 overbuilding 40 overexpansion 40 Karevoll 40 subprime 40 misallocation 40 lax lending 40 securitisations 40 illiquid securities 40 Option ARMs 40 naked shorting 39 hyperinflation 39 TBTF 39 dislocations 39 PE ratios 39 muni bond 39 Mike Shedlock 39 Quantitative easing 39 repricing