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Fiscal stimulus and leech

…the faint of stomach). I know the link isn’t super convincing, but I know this from many sources and my stomach isn’t up to more googling. So think of Fama…

Fixing Monopolistic Utilities

…but prediction markets would allow outsiders to bet if the rates were right or wrong. SUPER! Addendum 2: It would cost $1-5 billion/year to bring coal waste sites (ponds and…

What I really think about Finance

super smart highly trained trader is driving asset prices away from fundamentals. Thus I think honestly reported legal trading strategies are, on average, worsening the quality of the signals financial…

Blame Basel II

…bonds, because not all concern about risk is avoidance of capital requirements. This explains who held the “Super Senior Tranche.” US investment banks (not subject to Basel II) kept tranches…

A new whittle or two

…there are better things to do than keep a plant profitable for a fighter that is too expensive and has no threat to overcome. A $200 million super fighter for…

Matching Obsessions

…a perfectly good job of that already… to which the only possible response was: This is a super-secret world bank – but yes, their methods are somewhat similar. Wonder if…

Apparently, Public Financing has been Very Good to John McCain

…he—or anyone in or, especially, running his campaign—see the dot.com Super Bowl commercials, and wonder what happened to most of those companies? Contrary to previously received e-mails—and much recent whining—John…

Wasting More Money

…group of so-called super-regional banks are well positioned to take over their competitors, officials said, but have been reluctant to undertake or unable to complete deals. By offering capital at…

General Equilibrium theory and Finance

Robert Waldmann I wrote a post below on how economic theory as presented to the public and economic theory are very different. In particular, even given the standard super strong…

More on infant mortality: What’s with the USA

…world. This causes the coefficient to drop see table 3. How about hiv prevalence — a bit high in the USA for a super rich country. This causes a very…