October 26, 2008
The most useful research paper you'll read today (or maybe this year) isn't new, but it's still very timely. The paper, "Forecasting the Depression: Harvard vs. Yale", cited in the weekend NY Time by Greg Mankiw, drives home how we...
Jeremy Grantham at GMO has out Part II of his "Reaping the Whirlwind" two-part series on the credit crisis' aftermath(s). Among other things, he argues that there are benefits to the crisis, including increasing personal savings, an end to...
Here is a sneak peek at some links from my weekly Weekend Reading column over at TheStreet. Despite it being a far from sure bet historically, investors continue to move to physical gold (WashingtonPost) Donald MacKenzie revisits his great "Why...
Spectator I: I think it was "Blessed are the cheesemakers". Mrs. Gregory: Aha, what's so special about the cheesemakers? Gregory: Well, obviously it's not meant to be taken literally; it refers to any manufacturers of dairy products. --...
Cute graphic from the NY Post:...
From last week's ABS East conference in Miami comes this session title on the moribund asset-backed securities (ABS) market: Considerations for New Issuers in an Illiquid Market I'm guessing that session included sub-topics such as "ouch", "don't bother", and "where...