Area: Finance
Heading for a Divorce? Might Want to Go Easy on Stock Picking
Active traders lose their edge as a marital breakup approaches
GameStop Aside, Retail Investors Might be Terrible at Momentum Investing
Using Chinese A and B shares, institutional players outperform individuals
Financial Constraints on Intermediaries Cause Asset Mispricing
Real-world bond data reveals how the capital positions and liquidity of middlemen affect prices of securities they broker
Fed Policy Helped Distressed Homeowners But Wasn’t a Cure-All
Modifications curtailed foreclosures during 2008-09 crisis, but borrowers remained at high risk of delinquency
Equity-Rich Homeowners Overpay for Their Next House
Less diligent as shoppers, such buyers help drive up home prices
Employee or Capitalist? Equity Compensation Merges the Two
Labor’s losses to capital, much studied, aren’t quite as grim when stock and options are tabulated
Did Bank Capital Rules Make Credit Card Borrowing More Expensive?
Though defaults are low, rates on credit card loan-backed notes are high
Dealers Might Not Profit from Soaring Used-Car Prices
Lenders and private-party sellers constrain a seeming windfall
Credit Scores, Used to Predict Repayment, Can Restrain Economic Recovery
Rigid adherence to scoring systems can reduce consumer spending when it’s most needed
COVID-19-Induced Eviction Moratoria Reduced Hunger and Anxiety
Housing guaranteed, rent payments went toward food
Could Tech Giants Be Making Our Economy Less Innovative?
With a business model built on fewer employees, their dominance saps dynamism.
Could Costly Housing Bring Down Superstar Cities?
Stuart Gabriel’s research shows how a vibrant economic hub loses essential residents
Consumer Spending and Jobless Data: a Peculiar Threshold
A 12-month high in local unemployment triggers savings behavior
Clues to the Market When Mortgage Originators Delay Securitization
With high-quality borrowers hard to judge from afar, Alt-A market offers quiet signal on creditworthiness
Chinese Investors Learn about Derivatives the Hard Way
An analysis of warrant trading reveals individuals’ poor grasp of complex securities
CD Withdrawal Penalties: Often More Than Worth the Risk
Banks know you won’t do the math: Even after a penalty for early withdrawal, the longer-term CD often nets out to a better deal