Simon Johnson has a good blog post on the end of the euro. Digging in, the run is on, the end is near, and the chaos will...
Texas Hedge
My first reaction to the JP Morgan loss was, if their “hedge operation” had become a “profit center” as reported, we know...
Why not thank the speculators?
The price of oil. (Sent by a friend whose reputation I won’t besmirch by name, but thanks.)Remember how the oil price...
Good Comments
Reading through some of last weekend’s commentary got me thinking about what I look for most – and try to emulate...
Local Regulation
A nice short video describing some of the trials and tribulations of an excellent Hyde Park cafe trying to navigate our...
airline seats
You know the drill. They try to board us by groups, but people are smashing on the plane like it’s the New Delhi train station....
Leaving the Euro again
Yesterday’s coverage of the latest European summit seems designed to reinforce my view of basic confusion expressed yesterday...
Leaving the Euro
I find all the reporting of the Greek (and following Spanish, Italian, etc.) debt crisis unbelievably frustrating.Why does...
Rajan on the world's troubles
My colleague Raghu Rajan wrote a very thoughtful essay in Foreign Affairs. Though titled “The True Lessons of the Recession”...
FDA for Financial Innovation?
Eric Posner and Glen Weyl are making a big splash with their proposal for An FDA for Financial Innovation. As you...
Slow recoveries after financial crises?
Are recoveries always slower for recessions that follow financial crises? This factoid has become sort of a mantra, or excuse,...
Floating-rate debt update
As reported in the WSJ, the Treasury delayed it’s decision on floating rate notes. I was interested to note in the article...
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