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Saturday, December 27, 2008

Many Will Continue to Be Caught Out

Why this is twice as bad as the dot.com crash and why the S&P could decline another 30% next year.


Financial Armageddon: Many Will Continue to Be Caught Out

Tuesday, December 23, 2008

Saturday, December 20, 2008

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

Saturday, December 13, 2008

Tuesday, December 09, 2008

Capitalist Fools

A look at the personalities that caused the problems.

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

Saturday, November 29, 2008

What to Do - The New York Review of Books

Krugman

What to Do - The New York Review of Books: "closer to a full temporary nationalization of a significant part of the financial system. Just to be"

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

Obama

http://www.nytimes.com/2008/11/05/opinion/05wed1.html?hp

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

We should all get sappy about this

The daughter of a slave has the chance to vote for our next black president.


Obsidian Wings: In Which I Get Sappy

Tuesday, October 28, 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

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

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.

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

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

Did Larry Summers Concede to the "Forces of Darkness"?

Larry Summers defends his view that globalization can depress the wages of US workers and that the government should aid those workers.


Economist's View: Did Larry Summers Concede to the "Forces of Darkness"?

Wednesday, May 14, 2008

Allocating the benefits from trade

There are clear benefits to trade. The argument is all about how to allocate those benefits.

Economist's View: "The Canary in the Mine?"

Saturday, May 10, 2008

Wednesday, May 07, 2008

The U. S. Electric Grid: Will It Be Our Undoing?

Everyone knows that we have a problem with new sources of energy. They are less aware about problems of storage and distribution.

The Oil Drum | The U. S. Electric Grid: Will It Be Our Undoing?

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)

Sunday, April 27, 2008

Peak Oil Simmons

Presentations by Matthew Simmons on Peak Oil.


Simmons

Saturday, April 26, 2008

UBS - General Meetings of Shareholders

Or how to lose 37 billion.
See the Shareholders Report on UBS Write-Downs

UBS - General Meetings of Shareholders

Wednesday, April 16, 2008

China in Africa: An Old Field with a New Player

Chinese investment is the right thing for Africa and will probably do more for development than Western aid.

Angry Bear: China in Africa: An Old Field with a New Player

Friday, April 04, 2008

Export Growth in Asia

Cool graphical display of information.
This is the direction that presentations will take.

UUorld | Demo

Thursday, April 03, 2008

Japan is not so bad after all

One reason why Tokyo does not feel so bad. Per capita GNP growth in Japan is stronger than US.

The Big Picture | Merrill Lynch: Per Capita Recession Began in Q4

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

A Coordinated Effort to Destroy Effective Regulation"

The debate is just beginning. How much is deregulation responsible for the problems? What new regulations can mitigate existing issues? What is the correct level of regulation?


Economist's View: "A Coordinated Effort to Destroy Effective Regulation"

Why the Soviet Union Fell

Could this ever be the cause of the fall of capitalism? What if many people fail to believe in property rights and the rule of law?


Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal

Monday, February 25, 2008

Wednesday, February 06, 2008

Tuesday, February 05, 2008

East Asian Banks are net sellers of Treasuries in 2007

Does it matter for public policy if Brazil(?) and UK are the largest holders of our debt?

Angry Bear

Moody's A Primer on Subprime

Good except for the point in the first paragraph that damage is "contained."

moodys_september2007.pdf (application/pdf Object)

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

Sunday, January 20, 2008

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

Sunday, January 13, 2008

Wednesday, January 02, 2008

Economist's View: Have Polluting Industries Moved to Developing Countries?

Mark Thoma says that the reduction of pollution from manufacturing in the US comes 75% from technology and 25% from exporting polluting industries.

Economist's View: Have Polluting Industries Moved to Developing Countries?

Tuesday, January 01, 2008