Friday, September 28, 2007

The Future of the GOP?

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Data from the US Census. Population Projections. Couldn't help but think about this while I watched the debate for a few minutes last ni...
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Thursday, September 27, 2007

When leaving the Ukraine

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Don't wear a sportscoat or a suit or anything that might make it appear that you have money. The following conversation more or less ha...
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Lots of people are posting this

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So I will join them: http://www.etc.cmu.edu/global_news/?q=node/42 Pausch is magnificent. He is also about my age (he's six months youn...
97 comments:
Wednesday, September 26, 2007

The Argumentative Indian

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About a year ago, my Senior Associate Dean recommended Sen's book to me; my wife bought it for me the other day. It is so far very goo...
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Thursday, September 20, 2007

Is the Ukraine the most efficient country in the World?

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In one respect, it appears to be. The bid-ask spread for currencies is less than .5 percent. It is hard to imagine how the small cambios in ...
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Sunday, September 16, 2007

Bethesda House Prices

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Forgive the selfishness of reporting a price index for my neighborhood, but I was just looking at Zillow data. The top line (light blue) is ...
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Silly things.

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There are blogs that blame the National Association of Realtors for the run-up in house prices, saying that without their cheer leading of t...
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Not to be snarky, but...

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Leslie Stahl, in introducing a section of her 60 minutes interview with Alan Greenspan, said, "Alan Greenspan will give his economic pr...
Friday, September 14, 2007

This is Disheartening

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http://www.latimes.com/news/local/la-me-ucilaw13sep13,0,5893599.story?coll=la-home-center I thought UC-Irvine was a school on the rise. I n...
Thursday, September 13, 2007

Greatest Conductor of the last 100 Years?

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I love music, and especially symphonies. There are only a few things that thrill me as much as a great orchestra playing a great symphony (...
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Wednesday, September 12, 2007

The Democratic Party and Subprime

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I am a Democrat. Some people who are close to me are not. They they are not has always been something of a mystery to me; as a railroad wor...
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Best article title I have seen in some time

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Repugnance as a Constraint on Markets, by Alvin Roth, Journal of Economic Perspectives, Summer 2007.
Monday, September 10, 2007

Tyler Cowen on Economics Education

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"Teaching economics. Give students open-ended problems, no answer, want students to struggle, argue with their classmates, write them u...
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Housing and the Business Cycle

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Ten years ago, I wrote this: Follow the Leader: How Changes in Residential and Non- residential Investment Predict Changes in GDP ...

Joe Morello

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Joe Morello never ceases to amaze me. Listen to how he keeps the 5/4 signature alive through is complicated solo.
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Friday, September 07, 2007

Why Private Equity?

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Last month, Hamid Moghadam, CEO of AMB, spoke to my Wharton West class. He was a remarkable speaker. AMB is an industrial REIT that has a pr...
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Wednesday, September 05, 2007

How big is the Subprime mess?

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Let's figure this out. Subprime and Alt-A Mortgage Debt outstanding is something like $1.5 trillion. Let's say 20 percent default (d...
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Tuesday, September 04, 2007

The paper I have with Wachter at the Jackson Hole Symposium

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http://www.kc.frb.org/publicat/sympos/2007/PDF/2007.08.21.WachterandGreen.pdf Still needs a little cleaning up, but it is basically what we ...
Monday, September 03, 2007

The Theme that runs through the Bourne movies

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Is it me, or does it sound an awful lot like the prelude to Die Walkure? BTW, if you like action movies at all, The Bourne Ultimatum is abou...
Sunday, September 02, 2007

An Interesting Idea from Andrew Samwick and Dean Baker

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http://www.projo.com/opinion/contributors/content/CT_baker31_08-31-07_8G6SA6I.1c1d9dc.html Allow those who defaulted stay in their homes at ...
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