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Saturday, December 27, 2008

Monday, December 15, 2008

Hedge Fund Gates are Growing

A technical paper on the value reduction of gating hedge funds.

AllAboutAlpha.com» Today's Post » New study on redemption gates requires a closer look

Innovation

In art and in finance.


Bruce Eric Kaplan : “Where does he get all his ideas?” - Cartoonbank.com

Alea | You Can’t Make This Up

Fairfield Greenwich was founded by a former enforcement officer at the SEC.



Alea | You Can’t Make This Up

Why Climbers Die On Mount Everest

Why Climbers Die On Mount Everest

What makes Obama Great

The ability to higher people smarter than himself.


My last words on the Steven Chu front - James Fallows

How Software Models Doomed the Markets | The Big Picture

The problem with too many smart math people who did not know the underlying assets.


How Software Models Doomed the Markets | The Big Picture

Tuesday, December 09, 2008

Capitalist Fools

A look at the personalities that caused the problems.

http://www.vanityfair.com/magazine/2009/01/stiglitz200901

Tuesday, November 11, 2008

Election Map

Another way to look at national election maps.
http://www-personal.umich.edu/~mejn/election/2008/

Wednesday, November 05, 2008

Tuesday, November 04, 2008

The markets rule on the Bush Presidency

http://www.google.com/reader/view/?tab=my#stream/feed%2Fhttp%3A%2F%2Fbigpicture.typepad.com%2Fcomments%2Fatom.xml

Why Vote

Because the stakes are huge

http://www.economist.com/blogs/freeexchange/2008/11/why_so_much_voting.cfm

There is nothing we can not do

http://jp.youtube.com/watch?v=OofHuLW6xdM&eurl=http://www.google.com/reader/view/

Saturday, November 01, 2008

Tuesday, September 30, 2008

What would Franklin say?

Life goes on: On April 14, 1938, FDR reminded listeners, “The never-ceasing evolution of human society will doubtless bring forth new problems which will require new adjustments. Our immediate task is to consolidate and maintain the gains we have achieved. “In this situation there is no reason and no occasion for any American to allow his fears to be aroused or his energy and enterprise to be paralyzed by doubt or uncertainty.”


Deal Journal - WSJ.com : In Lieu of Any Real Leadership, Let's Ask Franklin D. Roosevelt

Wednesday, June 11, 2008

Now it is clear.

Alea | The Chronology and Links of Propagation of the Sub-Prime Shock across Structured Finance Markets

J.K. Rowling Speaks at Harvard Commencement : Harvard Magazine

Delivering a commencement address is a great responsibility; or so I thought until I cast my mind back to my own graduation. The commencement speaker that day was the distinguished British philosopher Baroness Mary Warnock. Reflecting on her speech has helped me enormously in writing this one, because it turns out that I can’t remember a single word she said. This liberating discovery enables me to proceed without any fear that I might inadvertently influence you to abandon promising careers in business, law or politics for the giddy delights of becoming a gay wizard.

You see? If all you remember in years to come is the ‘gay wizard’ joke, I’ve still come out ahead of Baroness Mary Warnock. Achievable goals: the first step towards personal improvement.



J.K. Rowling Speaks at Harvard Commencement : Harvard Magazine

El Erian's Portfolio

World Beta - Engineering Targeted Returns and Risk: When Markets Collide

Monday, June 02, 2008

Ron Isana

There have been at least seven crisis since we began in the business in 1984: '87 crash, '90 Japan bubble, '94 Asian Crisis, '97 Russia and LTCM, '00 Tech bubble, '01 9/11, '07 Credit. I wonder why all the bears think that it is different this time. Why is it different: not just Wall Street, not just financial markets, and leadership is not as good.

I do not think that it is different this time. Leadership often only tends to look go in hindsight.

There will always be bubbles.

Economist's View: "A Time of Unexampled Prosperity"

Sunday, June 01, 2008

Indefensible spending - No body is talking about this

Indefensible spending - Los Angeles Times

Al Gore

Al Gore spoke passionately and effectively about the state of the nation and global warming. Although he is a super delegate he feels that he has made the correct decision not to commit to either candidate. From his statements I would guess that he would like to support Obama but still has to remain loyal to Clinton.
Winning the election is vital. There must be a rollback of the unconstitutional and un American policies of this administration. Most important is to change the policy of torture.
Winning the post election politics will also be difficult. The right wing media and blogs will fight to keep the status quo. Concentration of corporate power is particularly noticeable in TV.
He is deeply involved in policy discussions, particularly involving energy. It was a bit disconcerting however that he used the quote that there 100 square miles of solar panels could supply US electrical demand, but did not have a guesstimate about the cost and how to build it.

Howard Dean says that the most effect thing that one can do to contribute to the campaign is to go door to door. Personal contact is most effective.

Monday, May 26, 2008

R-Squared Energy Blog: A Solar Thought Experiment

How many solar panels to produce all US electricity needs?
About 50 square miles.

R-Squared Energy Blog: A Solar Thought Experiment

Barack Obama : : Change We Can Believe In | Sam Graham-Felsen's Blog: Senator Obama Addresses Wesleyan University Graduates

It’s because you have an obligation to yourself. Because our individual salvation depends on collective salvation. Because thinking only about yourself, fulfilling your immediate wants and needs, betrays a poverty of ambition. Because it’s only when you hitch your wagon to something larger than yourself that you realize your true potential and discover the role you’ll play in writing the next great chapter in America’s story




Barack Obama : : Change We Can Believe In | Sam Graham-Felsen's Blog: Senator Obama Addresses Wesleyan University Graduates

"Economics: Which Way for Obama?" (Behavioral Economics Edition)

naked capitalism: "Economics: Which Way for Obama?" (Behavioral Economics Edition)

Wednesday, May 07, 2008

Sunday, May 04, 2008

Larry Summer's is Rethinking Globalisation"

By rethinking I mean thinking about how to deal with the sections of America that are the short term losers. Those areas need more investment in infrastructure, education and job retraining. But at the same time the people there need to understand that they are part of regional, national and global competition.

Economist's View: "A Strategy to Promote Healthy Globalisation"

What reforms are Needed?

Are we in the "eye of the storm" of the credit crisis?
What level of reforms of the system are needed: less leverage and more transparency.

naked capitalism: Why Such Timid Financial Reform Proposals? (Alan Blinder Edition)

McCain. More Dangerous than Bush

The Militarist | The American Prospect

Wednesday, April 02, 2008

Bloomberg.com: Finance

Half over?
Writedowns have reached 232 billion. Worst estimates are between 400 and 1 trillion. It is hard to believe that there is still that much more to come.

Bloomberg.com: Finance

Tuesday, February 05, 2008

Tuesday, January 22, 2008

Marriage and the Market

Marriage has changed from being about specialization and production to being about consumption.
"Hedonic Marriage"
Cato Unbound » Blog Archive » Marriage and the Market

Wednesday, January 16, 2008

Following Father’s Footsteps, Davis Leads Drake Revival - New York Times

Making me feel old. I used to babysit for this kid.


Following Father’s Footsteps, Davis Leads Drake Revival - New York Times

Dani Rodrik's weblog: Trade and compensation

The question of what we should do about inequality is too important to be left to economists.


Dani Rodrik's weblog: Trade and compensation

Deal Journal - WSJ.com : Wall Street Write-Downs: Closing In on $100 Billion

What is the worst case scenario? 250 billion is the worst that I have heard. We might be only half way...

Deal Journal - WSJ.com : Wall Street Write-Downs: Closing In on $100 Billion

Characteristics of Various Policies as Short-Term Economic Stimulus

From the CBO
Characteristics of Various Policies as Short-Term Economic Stimulus

Reason to be Highly Optimistic about the Future

Economist's View: Alex Tabarrok: "Reason to be Highly Optimistic about the Future"

Wednesday, January 02, 2008