On Moral Hazard

Economist's View: Fed Intervention and Moral Hazard

It is far from over

Calculated Risk: ARM Reset Charts

No bailout for home buyers

naked capitalism: Extreme Measures I: Bill Gross at Pimco

Gomen Nasai letters to Clients

Its not just a Japanese thing.
The Big Picture | "Dear Investor" -- Quant Letters to Clients

The real yen carry trade is not done by hedge funds.

but by Ms. Watanabe..

FT Alphaville » Blog Archive » That yen-carry trade and Mrs Watanabe’s ‘new gig’

Subprime

The problem is at this point still quite isolated. Default rates are increasing only in the variable part of sub prime. And even there 85 percent of the loans are paid on time. What will this chart look like in 6 months?


Ezra Klein: Today's Housing Chart

Luck, Defined

A general definition of luck and chance.

blog.pmarca.com: Luck and the entrepreneur, part 1: The four kinds of luck

The difficulty of hedge fund replication

Kat on the difficulty of hedge fund replication.

allaboutalpha.com: Welcome to AllAboutAlpha.com

Republicans Cry 9/11 Giuliani Version

9/11 seems to be the answer to any question.

village voice > news > Rudy's Five Big Lies About 9/11 by Wayne Barrett
with special research assistance by Alexandra Kahan

Who Are Americans To Think That Freedom Is Theirs To Spread ? - New York Times

Ignatieff, of the Kennedy School of Government on American Exceptionalism.


Who Are Americans To Think That Freedom Is Theirs To Spread ? - New York Times

Free market or Not

The Fed says a free market is a good thing "regulation is a tradeoff between preventing harm to some and allowing innovation, gains from trade and free choice for others".

Calculated Risk: Fed's Stern: "Painful and Belated Learning"

History of Subprime

Is it really such a bad thing that more, poorer people got to buy houses that most of them will keep?

Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal

Over the Hill?

A summary of Dean Simonton's work on creativity and productivity across a career.

blog.pmarca.com: Age and the entrepreneur, part 1: Some data

The downside of diversity -

Robert Putnam, the author of Bowling Alone, finds that diversity in a neighborhood makes weaker ties. My visit to Altoona last weekend confirmed that.


The downside of diversity - The Boston Globe

BLOG IU.COM - Fifteen Basis Points

BLOG IU.COM - Fifteen Basis Points

BLOG IU.COM - Fifteen Basis Points

BLOG IU.COM - Fifteen Basis Points

A Week in the Death of Iraq

A Week in the Death of Iraq - washingtonpost.com
Daily life for an Iraqi dentist.

Voting map without those ugly state boundaries

A more realistic way of looking at the country. It is not red blue states; its urban rural and some sane people in between.

Voting map without those ugly state boundaries