Relevant and even prescient commentary on news, politics and the economy.

In Honor of the Super Bowl

Favorite papers from the 2008 AEA in New Orleans (all PDF, ungated): Emily Haisley on lottery tickets and perception. I heard about this paper before reading it. Such a simple idea, such a direct experiment. Michele Tertilt: Women’s Liberation: What’s in it for Men (with M. Doepke). The next step is to figure out why […]

Universal Health Care Is Good for Business

A Healthy Blog notes that Massachusetts has reversed the national trend: Since the enactment of Chapter 58, Massachusetts has increased the percentage of employers offering coverage to their employees. With the employer offer rate up 4% over two year, to 76%, we are climbing well above the national average of 60%. This increase occurred in […]

Quote of the Day: What Reputation for Competence?

The Guardian on the PIIGS: By the time Black Wednesday was over in September 1992, Soros had reputedly pocketed £1bn and the reputation of the government of John Major for economic competence was in tatters. Meanwhile, datacharmer at Bluematter gets to the core of the matter: I’m wondering what the shorters’ game is. As I […]

New domain name and comment catchup

Angry Bear has just switched from its blogspot address to its own domain name of http://angrybearblog.strategydemo.com (Angry bear blog) JS-Kit has also just been changed to the new domain name but will take a little bit of time to make the transfer on its servers. I figured few will be visiting soon to read comments […]

The Super Bowl Stock Market Predictor

Lifted from NPR Weekend Edition: The Super Bowl Stock Market Predictor holds that if a team from the old NFL wins, the market will rise in that year; if a team from the old AFL wins, the market will fall. In 1990 two researchers found that the predictor was accurate 91 percent of the time. […]

As Goes GE, so goes Management

Henry Paulson’s book On the Brink is getting pilloried all over the place. David Wessel raises a point I’ve been hammering for a while: Jeff Imment, CEO of General Electric, frightened Paulson in early September by calling to say GE, which Paulson describes as “an American business icon,” was having trouble borrowing money by selling […]

The Meaning of "Monty Python and the Meaning of Life"

Robert Waldmann Barry Ritholtz argues that the problem with mortgages was underwriting standards and not securitization. He appeals to the very great authority of Monty Python. Click the link. Ritholtz seems not to be familiar with this new idea in economic theory called “Nash equilibrium”. Over -rated yes. Totally irrelevant not so much. One can […]

Quote of the Day, Economic Recovery Edition

Floyd Norris cites John C. Dugan, the man whose agency was charged with regulating AIG Financial Products in the NYT: [T]hey believe that the banking system on its own is unlikely to have the ability to provide enough credit to sustain an economic recovery in the United States. Gosh, really? Norris quotes Dugan: “We need […]