Maybe more about this at some point in the future. Consider it a RawShock Test, and feel free to describe what you see in comments.

So there are several comments to my previous post. Ignoring the a good one from Dr. DeLong, several people are taking umbrage at my unsubtle suggestion that the effect on employment being suggested is, to be polite about it, rather creative. kharris begins, “So let me see if I have this right. If anybody tries […]

So there was this big snowstorm that hit the East Coast a couple of weeks ago. (Not the one this weekend, that dumped about 2′ of snow on Upstate New York and a little more than a foot here in suburban New Jersey; the one that wiped out D.C. and gave the Party of No […]

I have been a Bad Blogger this week. (As opposed to my usual practice, which seems to be described as Blogging Badly.) While I intend to continue the New Tradition (think of me as Waylon, without the speed), following are Snow Day Links: D-Squared was on fire on Wednesday: both Bank Lending Channel and The […]

Simon Johnson on the possible consequences of Goldman Going Greek. Economics of Contempt explains why economist John Cochrane should not be allowed to talk about finance. (Bonus coverage: EofC’s previous piece on John Taylor) Alea’s jck on how all the talk about risk management became mainstreamed.

If I’m reading this link from my usual news source correctly, Joseph Stiglitz’s new book Freefall: America, Free Markets, and the Sinking of the World Economy is being sold in France under the title Le triomphe de la cupidité (The Triumph of Greed). The sole B&N customer review so far is a confused jumble: If […]

While several good people—including several of my wife’s relatives and one of our bloggers—graduated from Pravda-on-the-Chuck, I am saddened to note that their faculty’s efforts in creating the Global Financial Crisis (GFC) has been muted. Such, at least, can be fairly concluded by the nominees and final ballot for The Dynamite Prize in Economics, being […]

Many months ago, I quoted the brilliant Janet Tavakoli‘s book Credit Derivatives and Synthetic Structures: The trader then went on to tell me that Commercial Bank of Korea would sell credit default protection on bonds issued by the Commercial Bank of Korea.“That’s very interesting,” I countered, “but the credit default option is worthless.”“But people are […]

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 […]

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 […]