Subscribe to this blog's feedUnusual underlyings division - this excellent article (via Brad DeLong) discusses the microfinance business, steering neatly between the "microfinance will save the world!" and "I am a contrarian and microfinance is a waste of time" positions. Back when people could still issue innovative CDOs and nobody laughed, several were based on microfinance portfolios.
And another novel way to look at the global warming market - UBS' greenhouse index based half on weather products and half on emissions. Some interesting plays there, no doubt.
