by cactus Some thoughts on the bail-out: 1. Goldman’s market cap is about 50 billion. The gubmint is gonna buy $10 billion worth of (non-dilutive, non-voting) shares, for which it gets essentially, well, nothing. Nothing at all. Goldman will go about its business. So… Goldman is getting an infusion equal to 20% of its worth, […]

by noni mausa Lifted from comments at Economist’s View on a post about information cascades (following the crowd…when does the crowd start?): I participated in a classroom project modeling the allocation of funds to community projects by a “city council” of students. There were five or six groups of us, and at the end of […]

by Divorced one like Bush Concerned about the cause of the Dow? Not to fear. Many have been working on it such as Glenn Greenwald.The market does not like someone who is not like them so goes the Mc Cain clan. It is possible, but then Glenn asks for proof and finds an economist of […]

by cactus There seems to be a fair amount of anger in some corners about Krugman’s Nobel. A few thoughts about the complaints: 1. Kary Mullis believes in astrology. William Shockley was certain that black people were inherently mentally inferior to white people. Mullis received a Nobel Prize in Chemistry for developing Polymerase Chain Reaction […]

by reader noni mausa Vote. I was taught, by example, how to vote. My parents got up in themorning and dressed as though for church. The day was somehow quieterthan other days, even in a household with five kids. We drove to the polling site and while one parent went in to vote, theother would […]

by reader rollomotasi, lifted from comments with slight corrections for readability and links: I’ve been following the Tax Prof on Palin’s tax problems (they are indeed problems), and theataxingmatter site boils down the key issues very well, getting the “tax home” issue as close to right as I’ve seen with her point 1., and her […]

The market bounced back today to almost where it was on Wednesday. But if you look at how the various sectors did the market is not only discounting that the bailout will work, but that it will be inflationary because the market bet on energy and raw materials today, not financials. Moreover, the market is […]

The stock market rallies 900 points on Paul Krugman winning the Nobel. Why not this is as good a reason as you often see in the popular press?

“There will be lots of things to fill it back up again, Michelle.” (about 3:15 in) Still waiting.

Progrowthliberal notes fundamental confusion from the last debate on bailout priorities in a discussion with Barkley Rosser.