Article of the Week: 29 Mar
Congratulations to David DeVries, winner of Article of the Week (29 Mar)!
Dr Geithner's bank rehab, The Economist, 26 Mar 2009
This article takes a good look at the proposed public-private bank for toxic assets. It takes a look at the good, the bad and the questionable elements of the plan.
Dr Geithner's bank rehab, The Economist, 26 Mar 2009
This article takes a good look at the proposed public-private bank for toxic assets. It takes a look at the good, the bad and the questionable elements of the plan.
posted by Professor Cramton at
9:54 AM
11 Comments:
http://online.wsj.com/article/SB123781706899814483.html#mod=testMod
"Demand for existing homes climbed in February above expectations, driven by foreclosure sales that are sending prices plunging.
Home resales rose 5.1% to a 4.72 million annual rate from 4.49 million in January, the National Association of Realtors said Monday."
http://online.wsj.com/article/SB123776536222709061.html
Geithner's Plan
A letter sent by Jake DeSantis, an Executive Vice President of the American International Group's Financial Products unit, to Edward M. Liddy, the chief executive of A.I.G.
-Epitome of a true patriot!
http://www.economist.com/finance/displaystory.cfm?story_id=13376319
This article takes a good look at the proposed public-private bank for toxic assets. It takes a look at the good, the bad and the questionable elements of the plan.
http://www.economist.com/finance/displaystory.cfm?story_id=13382167
Mr. Zhou, governor of the People’s Bank of China, recently called for a major change in the international monetary system; he suggested that the IMF's SDR replace the US Dollar as the world's main reserve currency.
Firts Article http://www.nytimes.com/2009/03/27/opinion/27krugman.html?_r=1
And a Funny Episode of South Park that explains how the Financial Crisis will end. Episode name is Margaritaville (click watch full episode)
http://www.southparkstudios.com/guide/1303/
http://www.economist.com/finance/economicsfocus/displaystory.cfm?story_id=13362834
This article discusses a new book*, “Animal Spirits”, by George Akerlof of the University of California, Berkeley, and Robert Shiller of Yale. The authors seek to answer the first of those three old questions and provide some pointers about the other two. They believe that economics has lost its way, and their chosen economist is Keynes. The authors sum up their view of the role of government thus: “The role of the parent is to create a happy home, which gives the child freedom but also protects him from his animal spirits.”
This is a link to a recent south park episode in which the economic crisis is talked about note that the blender is a metaphor for the housing situation
www.surfthechannel.com/link/198/916777/1502295/0.HTML
Jim Jubak makes the claim that people in the financial sector were taking advantage of lax supervision to loot the economy and we should expect them to do it again in the future.
http://articles.moneycentral.msn.com/Investing/JubaksJournal/fluke-credit-crisis-was-a-heist.aspx
"More Than Just Repairs"
http://www.economist.com/finance/displayStory.cfm?story_id=13394576&source=features_box4
This article discusses the new framework outlined by Secretary Geithner. Geithner's plan is made up of four parts, one of which is containing systematic risks. The article explains this part by describing Geithner's systematic-risk regulator, and his plans to have greater oversight over derivative markets and other high risk investments. This article is relevant to our lectures on risk aversion and derivatives.
http://www.youtube.com/watch?v=VVp8UGjECt4
Principles of Economics translated
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