
The CIRM Reading List
Recently Reported
This article is a great example of the high cost to borrowers of self-serving advice by swap vendors:
The Swaps that Swallowed Your Town
© March 5, 2010 by Gretchen Morgenson for The New York Times
Books We Admire
Richard Thaler and Cass Sustein
Nudge: Improving Decisions About Health, Wealth, and Happiness © 2008 Yale University Press
Dan Ariely
Predictably Irrational: The Hidden Forces That Shape Our Decisions © 2008 HarperCollins
Nassim Nicholas Taleb
The Black Swan: The Impact of the Highly Improbable © 2007 Random House
Fooled by Randomness : The Hidden Role of Chance in Life and in the Markets © 2004 Texere
Steven D. Levitt and Stephen Dubner
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything © 2005 William Morrow
Visit the Freakonomics web site
Daniel H. Pink
A Whole New Mind: Moving from the Information Age to the Conceptual Age © 2005 Riverhead Hardcover
Barry Schwartz
The Paradox of Choice: Why More is Less
© 2005 Harper Perennial
Peter Bernstein
Against the Gods: The Remarkable Story of Risk
© 1998 John Wiley & Sons, Inc.
Michael Lewis
Liars Poker: Rising Through the Wreckage on Wall Street
©1989 W. W. Norton & Company
Aaron Wildavsky
Searching for Safety ©1988 Transaction Pub
JOURNAL OF APPLIED CORPORATE FINANCE
Published quarterly by Wiley Blackwell on behalf of Morgan Stanley
Papers We've Written
Contact Us
and we'll be happy to send you a copy of any of our papers below.
Steven N. Manos and Kathryn M. Tobin,
"Zen in the Art of Interest Rate Swaps," ©1992.
Michael Ochs, "Developers Can 'Unhedge' Those Costly Interest Rate Guarantees," REAL ESTATE REVIEW, The Real Estate Institute of New York University, Vol. 16, No. 3,
©1986.
Michael Ochs, "Creating the Perfect Edge," REAL ESTATE FINANCE, Federal Research Press, ©1986.
Michael Ochs, "Interest Rate Protection for the Real Estate Developer," REAL ESTATE FINANCE, Federal Research Press, ©1985.
CIRM Interest Rate Indications
Download samples (in pdf format) of recent weekly Interest Rate Indications:
CIRM Economic Comments
Here is a sampling of recent comments — for other insights, please contact us.
December 22, 2009
Pattern Recognition: Prime Rate Early 90s v. Now
October 13, 2009
April 21, 2009
What in the world are we going through?
August 5, 2008
Velocity of Circulation of Money
April 22, 2008
Fed Funds Objective and 1-month LIBOR
August 7, 2007
Rate cuts in your future
July 24, 2007
Current TED spread widest in 4 years
July 17, 2007
"Third World" Economic Stats
June 26, 2007
Broad Annual Money Supply Growth for the last year
March 27, 2007
Where is inflation headed?
February 13, 2007
Ten Year Treasuries Below Fed Funds: Nothing Lasts Forever
January 23, 2007
Change in New Home Sales, 2005 v. 2006



