the end of 20th century finance
A eulogy for 20th century finance by one of its greatest poets… The End...
Category Archives: financial crisis
princely finance
This brief history of regal extortion draws some parallels to today’s “sinister” Federal Reserve,...
false prophets
As the Annus Horribilis finally comes to an end, many forecasters in the policy...
housing freefall
This time series from Robert Shiller puts recent house price fluctuations and their associated...
pity the nation
Prescient words from Lebanese poet Khalil Gibran in 1934… Pity the nation that wears...
republican economics
Economist John Kenneth Galbraith once noted that the financial memory is limited to 20...
bucket shops
Over-the-counter gambling on the markets has been around much longer than modern derivatives pundits...
next shoe to drop
With all eyes on traditional residential mortgages, analysts are now looking for clues in...
the physics of failure
Faith in the underlying mechanics of portfolio theory and market efficiency has certainly contributed...
a great depression
Much like the Great War that preceded it, The Great Depression was never destined to be one-of-a-kind
harvard and the economy
As institutions around the world tighten their belts in response to the coming economic...
the 44th president
While the world comes to terms with yesterday’s historic call for change, Nouriel Roubini...
how to close a hedge fund
Few people will escape from this crisis with enough reputability to scream “I told...
bailout
As finance ministers from around the world congregate in Washington D.C. this weekend, various...
sanity check
Words of cautious wisdom from the celebrated biographer of risk, back in November of...
the view from 1929
“Spectacular episodes in financial history” come about more often than we might expect, and...
an extraordinary episode
Keynesian reflections from 1919 on the first era of true globalization, complete with bountiful...
the elusive bottom
Even market cheerleaders are struggling to find good news to rally around these days....
treadmill economics
It’s no surprise that financial crises – like intercourse, pro sports, and agriculture –...