Sunday, May 31, 2009

Clive Granger

›
I was saddened to learn of his passing. His influence on me was enormous--I could not have written my thesis ( here is a paper from a chapt...
1 comment:

Fred Barnes, Bill Bennett, Jeff Rosen and Newt Gingrich are not very bright

›
Barnes predicted a McCain victory last fall. Despite going to an exclusive prep school and not having much competition from minorities and ...
3 comments:

Mark Zandi worries about the Long-term Fiscal Picture

›
We at the USC Lusk Center put on a retreat every year, and our opening keynote speaker was Mark Zandi. I have admired Mark for some time be...
3 comments:
Wednesday, May 27, 2009

Pleasant Surprise

›
Amazon sent me a recommendation a few weeks ago: a 38 disk box set of Karajan conducted symphonies for around $70. I like HvK's Beethov...
3 comments:
Tuesday, May 26, 2009

Has long term house price growth returned to normalcy?

›
Case-Shiller released their most recent indexes this morning. I used the data to graph annualized house price growth between 1989-2009 (I ...
3 comments:

Hat Tip to TPM for pointing out Andy Rooney video

›
2 comments:

Rooney On Lives Taken

›
I wish I had seen this before yesterday
Sunday, May 24, 2009

The Instability of Dynamic Consumer Credit Pricing

›
I am attempting to come up with a model demonstrating that dynamic risk-based pricing of consumer credit could well be unsustainable. The f...
3 comments:
Friday, May 22, 2009

Conflicted

›
I am not crazy about the way Elizabeth Warren, Chair of the TARP Congressional Oversight Panel, looks at the world. I have heard her speak ...
5 comments:
Thursday, May 21, 2009

California is a fiscal mess: it needs a grand bargain that will never happen

›
Californians just voted down ballot initiatives whose purpose was to bring fiscal balance to California. While I voted for them, I understa...
7 comments:
Wednesday, May 20, 2009

Cap Rates and Commercial Real Estate Default

›
Commercial real estate mortgages are different from residential mortgages in a number of dimensions. One of the most important is term: whi...
38 comments:
Tuesday, May 19, 2009

Karen Pence Showed that TALF may be working

›
Karen Pence of the Fed gave a talk at the Homer Hoyt Institute meetings the other day. She had a couple of interesting points: (1) With res...
2 comments:
Thursday, May 14, 2009

Means, Variances, and Coaching.

›
Malcolm Gladwell writes that basketball teams with inferior talent should run full court presses. The full court press is a high risk defen...
7 comments:
Tuesday, May 12, 2009

My colleague Richard Little makes me revisit my view on High Speed Rail

›
He writes to the Wall Street Journal : The decision by the Obama administration to add more funds for high-speed rail needs to be read in th...
2 comments:
Sunday, May 10, 2009

If investors are rational, why are they willing to buy airline stock?

›
On Thursday and Friday of last week, I went back to Washington to take care of a last bit of GW business: two of my students, Leigh Ann Coat...
3 comments:

Relationship Lending

›
An essay in a new University of Michigan Dissertation by Ben Keys finds evidence that "soft information" about borrowers might mat...
3 comments:
Friday, May 08, 2009

Say it ain't so, Manny! Say it ain't so!

›
Tuesday, May 05, 2009

A World Bank Talk

›
A talk I gave on Feb 2 .
1 comment:

Dan Gross on my Old School

›
He nails it: Living and working in the New York region's financial-media complex in 2009 means daily, compulsory attendance at a gatheri...
2 comments:

Program Note

›
I will on on Airtalk with Larry Mantle this morning at 10:06.