Book Review: The Green And The Black by Gary Sernovitz

Book Review: The Green And The Black by Gary Sernovitz

By The Banker | Book Reviews, Texas

I’m always on the lookout for people who can hold diametrically opposed views in their head simultaneously. Is that why I enjoy Claire Danes in Homeland so much?[1] Gary Sernovitz, the author of The Green and the Black, brings the perfect profile for diametrically opposed thoughts about the fracking boom, which is probably what we [&hellip

Houston We've Got a (Pensions) Problem

Houston We’ve Got a (Pensions) Problem

By The Banker | Blog Posts, Texas

Houston’s three public pensions may not be in total distress today, but some of the instrument panels are beginning to flash orange. One of the warning signs is the hit to the city’s credit-ratings earlier this year, as Moody’s Investors Service downgraded the City of Houston’s debt on March 16 2016. You might guess that [&hellip

Book Review: The Market Wonders by Susan Briante

Book Review: The Market Wonders by Susan Briante

By The Banker | Book Reviews, Wall Street

I met Susan Briante at a poetry reading recently. It was her reading, from her book of poems The Market Wonders, in particular. I had a sense that I could learn quite a bit from talking with her. A poetry book about The Dow, and market values, and human values? How could I resist reading and [&hellip

Apollo Global Purchases Rackspace - My Take on Texas Public Radio

Apollo Global Purchases Rackspace – My Take on Texas Public Radio

By The Banker | Audio Posts, Texas

I went on Texas Public Radio on Friday to comment on the news that Leon Black’s Apollo Global had agreed to purchase San Antonio cloud-hosting firm Rackspace for $4.3 billion.   Post read (49) times

Public Pensions - The Big Four In TX

Public Pensions – The Big Four In TX

By The Banker | Blog Posts, Texas

A key reason why I started a discussion of public pension funds in Texas by saying “Don’t Panic” is because 88% of Texans covered by a public pension plan are participants in one of just four plans, and the good news is that none of these four are in distress. Right now.  The largest four [&hellip