The Institutional Risk Analyst

The Treasury should begin to buy gold again to demonstrate that the dollar is real.

Volatility remains perhaps the biggest risk factor today, mostly because of a lack of visibility on unexpected risks.

As the scale of Fed open market operations grew since 2008, volatility has increased, rendering the adjustment from QE to QT problematic

Last week The Institutional Risk Analyst attended an evening presentation by Professor Edward Altman of NYU Stern School of Business at The Lotos Club of New York. Entitled “The Altman Z-Score After 50 Years: What is it Saying About Current Conditions & Outlook for Global Credit Markets,” Professor Altman’s comments were as usual understated and entirely on point. “Fifty years ago, we published the Altman Z-Score,” Dr. Altman told the audience of friends, colleagues and