March 3, 2008

Bits and Bobs

I've been waaaaay too busy these past few days with school and music-related stuff, but if I had been blogging, here are a few of... [More]


March 4, 2008

Today's Edition of the Slow Motion Collapse [Updated]

Fun news on the mortgage front from Countrywide / Bank of America. One of the clever new products they came up with in the flurry... [More]


Number of the Day: $600 Billion

$600 billion. According to S.& P., that's the total amount of cash held by companies in its industrial index. That's roughly 3x the amount they... [More]


March 6, 2008

Homeowner Equity Hits All-Time Low

ThinkProgress: The Federal Reserve announced today that "Americans' percentage of equity in their homes fell below 50 percent for the first time on record since... [More]


March 17, 2008

Today's Edition of "The Slow-Motion Collapse"

I've been writing quite a bit about the gradual collapse of our systems of banking and finance over the past year, so it figures that... [More]


Today's Edition of "The Slow-Motion Collapse" - In Pictures!

If my last post was too long for you, take a look at this post from Charles @ Through the Looking Glass. I'll entice you... [More]


March 18, 2008

Metaphor of the Day: Fire!

Krugman on bank runs: Bank runs come in two kinds. In some cases, the bank run is a pure self-fulfilling prophecy: the bank is "fundamentally... [More]


The Economy, Stupid

Ignore the rally in the market. The Fed has now cut rates by a full point in the last 48 hours. When the Fed looks... [More]


March 19, 2008

What GDP Misses

A few days back, in a post about the gradual collapse of our financial systems, I wrote the following: I for one wouldn't mind the... [More]


NYT: Can't Grasp Credit Crisis? Join the Club

Great primer on our current financial crisis from today's NYT.... [More]


March 20, 2008

Dionne: The Street on Welfare

I missed this yesterday. EJ Dionee had a blistering column in the Washington Post: Never do I want to hear again from my conservative friends... [More]


March 21, 2008

Today's Edition of the Slow Motion Collapse

Be afraid. Be somewhat afraid. Context from Kevin Drum: When Japan got stuck in a liquidity trap in the early 1990s, it took them about... [More]


Government, What Is It Good For?

Washington Independent: Researchers at MIT and Boston College have developed a low-cost, nanotechnology technique that could lead to significant energy conservation. The scientists have improved... [More]


March 26, 2008

Up Next? Equity Loans

NYT: As the housing market spirals downward, home equity loans, which turn home sweet home into cash sweet cash, are becoming the next flash point... [More]


March 27, 2008

Obama Does Economics

Today was econ day for Obama. TPMe has the full speech. Before I get to an excerpt, a quick thought on the intro to... [More]


Perfect Information = Perfect Efficiency

Via Andrew Sullivan, Thomas Homer-Dixon: Our global financial system has become so staggeringly complex and opaque that we've moved from a world of risk to... [More]


March 28, 2008

The Dumbing Down of America

First read this from Clive Crook. Then read this from Consumerist. Crisis much?... [More]