On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Below is a talk on the actual mathematical models behind credit default swaps, credit default obligations and a very "Pro" Quant MIT Professor, Dr. Andrew Lo describing the mess. Here are some slides from a talk on the same topic. Now I do blame the mathematical models themselves, sorry we've looked at the mathematics, but this guy is a Financial Engineering Professor, so listening to his views and insights one must, as well as not discredit human nature as he points out. Lo has also testified before Congress on systemic risk. Here is the actual testimony with select quotes extracted and Baseline Scenario pulling out some quotes as well.
Are Mathematical Models the Cause of the Financial Crisis in the Global Economy?
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
Matt Taibbi has written another piece, Wall Street's Bail Out Hustle. It contains strong Populist language, has some errors additionally, but the main message, nothing has changed as well as risk is subsidized, profits are privatized is lovely. You'll like it.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
First up is a very good interview of Stiglitz by trade expert Lori Wallach on the Financial Crisis. Book TV doesn't believe in embedding so just click on the image or click here to watch the interview.
Sponsored by Greece - What can we say, this is all we can afford.
Good Morning! Rise and Shine! Get that Cup O' Joe...
break out the O.J....hang out with the pooch...time to check out the Funnies!
Click on image to enlarge, Src: Imaksim.com
In the above classic, if you click here, and hover your mouse, each portrait has it's own dialog (warning, corporate conservative but funny!).
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
There is enormous analysis on Greece and Europe out there, but Simon Johnson asks if Greece Derails, is Europe far behind? The reason you should read it is more the IMF like control message over even the political rhetoric of Greece's leaders. Now read this Wall Street Journal piece by Simon Johnson:
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
You may not connect airline safety with globalization, labor arbitrage and offshore outsourcing, but....they are. The more corporations squeeze the more workers are less skilled and the more corners are cut. Why do a good job when the only thing a corporations sees is a $ sign tattooed on your forehead? Even worse how can one do a good job when corporations won't pay for the training and conditions required to do so?
The latest report from the Congressional Oversight Panel is out and they are making no bones about another shoe to drop, Commercial Real Estate (the link goes to a post warning on CRE from last July). On their main page is this:
Nearly $1.4 trillion in commercial real estate loan debt will come due for refinancing in the next several years. The Panel's February report expresses concern that a wave of defaults and losses could jeopardize the stability of many banks and prolong an already painful recession.
Let's cut to the chase and say Congress and the Obama administration have blown off Commercial Real Estate generally. Here is COP's conclusion:
The Panel is concerned that until Treasury and bank supervisors take coordinated action to address forthrightly and transparently the state of the commercial real estate markets – and the potential impact that a breakdown in those markets could have on local communities, small businesses, and individuals – the financial crisis will not end.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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