My Two Cents
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From This Collection
Fleeing equity mutual funds
Oct 30, 2008
Earlier this afternoon, I posted a figure on the "getting personal" blog that investirs had withdrawn almost $68 billion from stock mutual funds,...
A sobering statistic
Oct 29, 2008
Ross Levin is one of the nation's premier financial planners. He's based in Edina, Minnesota. Here's a sober bit of number-crunching:...
Nobel laureates and their money
Oct 28, 2008
Read and watch what three Nobel laureates in economics--Robert C. Merton, Robert Solow and Paul Samuelson--are doing with their money in light of...
Other post World War ll depressions
Oct 27, 2008
"Prosperity is just around the corner," President Herbert Hoover infamously remarked in 1930. The magnitude of Hoover's wrong forecast has gone...
The election
Oct 26, 2008
The Iowa futures market now has Obama with an 87% chance of winning in November. The bettors at Intrade give Obama the same odds (even though there...
What caused the Great Depression?
Oct 26, 2008
Harvard University economist Greg Mankiw has a good column of the origins of the Great Depression in today's New York Times....
Joseph Nocera is upset...
Oct 25, 2008
...with good reason. Among the best columnists in the business, Nocera believes the banks aren't going to make new loan with the money they are...
For public good, not for profit.
Is the crisis moving to emerging markets?
Oct 25, 2008
Economist Dani Rodrik, one of the country's leading international and development economists, thinks so. After a day like today it's a chilling...
Barton Biggs
Oct 24, 2008
Peter Coy of Business Week has a good story on surviving the recession in the magazine's latest issue. He starts off with an anecdote from Barton...
Read it--and weep
Oct 22, 2008
These numbers from Alicia Munnell, economist at Boston College, are unbelievable....