Friday, September 4, 2009

Turning and turning in the widening gyre

How Did Economists Get It So Wrong? by a Mr. Paul Krugman in a paper you may have heard of called the New York Times. I'm not going to pretend that I know better than Mr. Krugman, but methinks that those people actually involved with the allocation of capital understand that the market is filled with inefficiencies. Though I think he hits on it when he mentions research that implies that people willing to exploit said inefficiencies must have adequate capital to do so. Though I suppose this is a question for a valuations class.

Football, Statistics, and Agency Problems. From the Baseline Scenario. I believe there was some sort of draft today. Another data point in the "when taking the correct path is offset by the forces of convention and reputation".

A Post Finance Job Market. Ezra Klien. I suppose few people, apart from myself, dream in excel spreadsheets. But it does lead to an interesting question: will the lower salaries for Wall St, coupled with the reduction in status, cause a Renaissance in law schools, med schools, and the like?


Vanity Fair profiles Henry Paulson. Vanity Fair, from my perspective, has had some of the most compelling reporting over the past year. I will agree with Mr. Purdum that we get much more expressive photographs our of Mr. Paulson, especially compared to Mr. Geithner, who looks like a Keebler Elf.

I suspect I have some Accounting Homework to do.

No comments:

Post a Comment