Some readings on finance
Various points of view. And congrats to Paul Krugman, a deserving winner of the Nobel for economics.
- More Taleb, from Fortune, in 2007.
- Jeffrey Frankel of the K-school at Harvard, in 2005, on budget deficits. "But some day soon, the bond market will catch up with reality, and will fall substantially. Rising long-term interest rates (and slowing house prices) will send millions of American households into default on their mortgages -- especially those with interest-only or Adjustable Rate Mortgages..."
- Hussman commentary. "Four magic words will ease this crisis: 'We are providing capital."