Tuesday, August 28, 2007

Off to Jackson Hole on Thursday

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I am going to this year's Kansas City Fed symposium, where I am giving a paper with Susan Wachter called the Housing Finance Revolution....
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Preliminary Syllabus for Finance 397

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Finance 397 Applied Microeconomic for Business Professor Richard K. Green Office: 507 Funger drgreen@gwu.edu Keynesian.richard@...
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Monday, August 27, 2007

If you want to be scared about subprime...

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Read this: http://bigpicture.typepad.com/comments/2007/08/cdo-insiders-we.html The story I heard from a bond trader is that the Chinese were...
Sunday, August 26, 2007

Subprime--I was probably wrong

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I long have taken a caveat emptor view about mortgage lending. I assumed borrowers understood that loan brokers where in sales, and they wo...
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Teaching and Research Again

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I just read the introduction to Richard Feynman's Six Not So Easy Pieces. In it is a wonderful exposition of how great research can lea...
Wednesday, August 22, 2007

Dhaka's getting worse

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Students are protesting continuing military rule in Bangladesh. The military took power last January, allegedly in order to prepare the cou...
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Monday, August 20, 2007

How does the NFL get away with charging for the Preseason?

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I've spent the past three days writing, and needed to zone out, so I turned on the Colts-Bears pre-season game. It absolutely stunk, an...
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Tuesday, August 14, 2007

Sub-prime returns.

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I just did a little experiment on a 2-28 with the following assumptions: Five year life (stiff prepayment penalties before year five), after...
Monday, August 13, 2007

The Jumbo Market and House Prices

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Spreads on Jumbo mortgages rose about 50 basis points in the past week. This is likely a market over-reaction: 80 percent LTV loans to borr...
Wednesday, August 01, 2007

Can Las Vegas Keep Building Apartments?

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Metropolitan Las Vegas has about .6 percent of the US population. Last year, about 2.9 percent of units in buildings with more than five un...
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A nice mortgage blog by Rhonda Porter

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This is worth a look: http://www.mortgageporter.com/
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Tuesday, July 31, 2007

Are the Average SATs for your school really that high?

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Have you ever wondered how so many Universities can have such intimidatingly high SAT scores? Well, perhaps they can't. I was reading ...
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Understanding the Mortgage Interest Deduction

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Homeowners get a tax advantage relative to rents. But those with mortgage are not at an advantage relative to those who finance with equit...
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Friday, July 27, 2007

Fixed rate mortgages vs ARMS

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Floyd Norris's NYT column today is good: http://select.nytimes.com/2007/07/27/business/27norris.html I have long held a view that hosueh...
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Thursday, July 26, 2007

Means and medians

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The popular press seems to have a hard time understanding when a median (the 50th percentile) is better, and when to use a mean (the sum of ...
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Trigger events

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During past mortgage default spikes, having an "in-the-money" default option (that is, having a house that was worth less than the...
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Tuesday, July 24, 2007

Brad Delong channels Jared Bernstein who channels Timothy Egan

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http://delong.typepad.com/sdj/2007/07/the-minimum-wag.html I was eating at the bar of a restaurant in San Francisco a few weeks ago. The bar...
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What is it with these people?

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I happened upon a poll on CNN last night. 79 percent of say they are Americans are OK with a woman president, 86 percent (I think) say they...
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Monday, July 23, 2007

The Excellent Ken Small on Transportation Policy

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This is really good: I think his points about more heterogeneous urban highways (not all arterials need to be freeways; not every highway ne...
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Thursday, July 19, 2007

Research and Teaching

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A smart colleague of mine, James Bailey, argues that teaching excellence and research excellence are uncorrelated. Specifically, he cites w...
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