One of the Top Financial Blogs?
Photo: Andrew Magill Thanks to Time.com for naming this blog one of the top “financial” blogs — and the nice writeup from the Wall Street Journal‘s Robert Frank — but we didn’t know that we’re a...
View ArticleMore Depressing News on America’s Financial Literacy (or Lack Thereof)
(Digital Vision) I’ve written on the woeful state of Americans’ financial literacy a few times in the past. There is probably no academic researcher more attuned to the problem than Annamaria Lusardi...
View ArticleFlawed Incentives and Dubious Morals: JPMorgan & CDOs That Were “Built to Fail”
It’s been a busy week for JPMorgan Chase. It’s only Wednesday, and already the bank has settled one civil fraud lawsuit and been slapped with another one. Both shed light on Wall Street’s flawed system...
View ArticleOdds of a Double Dip: A Sampling of Opinions. Plus, Wolfers on Twitter
(liquidlibrary) So by now you’re hopefully aware that the stock market completely bombed today. As I type, the Dow is down more than 500 points, its worst day since December 2008. (Official day’s tally...
View ArticleThe Irony of the S&P Downgrade
At Columbia last year I took a class called “Modern Political Economy” from Ray Horton. One of Horton’s favorite things to say was that sooner or later, if the U.S. didn’t solve its debt issues through...
View ArticleGoldman Sachs Stumbles: The End of the “Vampire Squid”?
Photo: laverrue A few years ago, a friend of mine who used to work on Wall Street told me that the only stock anyone needed to own was Goldman Sachs. He was of course half-joking (I sure hope this...
View ArticleWhat Makes a Rogue Trader Tick? A Q&A with FT Columnist John Gapper
The rogue trader is a recurring character in the story of finance over the last 20 years. This is the guy who makes secret, unauthorized bets with his bank’s money, driven by some seeming combination...
View ArticleShould New Financial Instruments Be Treated Like New Drugs?
My colleague Glen Weyl and Eric Posner at the University of Chicago Law School, argue in a recent white paper, that new financial products should be subject to regulatory approval analogous to that for...
View ArticleAuction Theory and LIBOR
An article in The Economist argues that a little auction theory might solve some of the British Bankers’ Association (BBA) current LIBOR problems: Some of LIBOR’s failures also have echoes in auctions....
View ArticleAre You Male, With a Job in Finance or Economics, and Want to Get on a...
Then today is your lucky day. Here’s a request we received from friends at a TV production company: We’re casting the first season of Enter the Wild, an inspiring documentary series for a major cable...
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