…than the value of a statistical life, the sum of money that supposedly measures the value of a life saved or sacrificed by a government program… More over at Econospeak….

…crops, buildings, human skills and knowledge, and the myriad other desirable and necessary goods – was practically untouched. This created several important effects. First, and inevitably, the real value of…

…presents a simple formula which I critigue. All quotes from the post are updates. I’m not sure why people take polls released by campaigns at face value. This does not…

…that, AIG wouldn’t be rated AAA. The point of CDS is to make liabilities look small. They appear on the balance sheet at market value not at notional value. AIG…

…loss of all value of the equity tranche and using the rest of the cash flow to invest in CDSs of similar CDOs which they didn’t sponsor. I think they…

…fundamental value, but the real key for detecting a bubble is speculation – the topic of this post. Speculation tends to chase appreciating assets, and then speculation begets more speculation,…

…question of the value of financial innovation, here. Volcker famously has commented that about the only financial innovation of the last century that was really worth anything was the ATM,…

…the government to keep the financial system going. Prices weren’t an accurate reflection of value. They were only an accurate reflection of the casino mentality estimation of value. And the…

…on a Present Value basis. We can then reduce equation (2b) to (3b) AcceptOffer = a(1) + a(2)*w’ + a(6)*w” or, given that (a) w” is proportionate to w and…

…values then to the total decline in the value of housing now. The current bubble loss would be about $ 6 trillion for the USA not $ 400 billion. It…