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economistsview.typepad.com - 12/3/2008
links for 2008-12-03
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Message to Peggy Noonan: Open your eyes! - Andrew Leonard The State of Financial Engineering - The Spectrum Wages and employment in the 30s - Paul Krugman Changes in money wages - Marginal Revolution Coal Mining Debris Rule Is Approved - NYTimes.com How Comcast Controls ...
abnormalreturns.com - 12/10/2008
Tuesday links: bubbles, bulls and bears
— abnormalreturns.com — Did you know we were in a new bull market ? ( MarketBeat , Clusterstock ) Did... you know we were in the third worst bear market in history ? ( Bespoke ) The market has moved a long way, pretty quickly . ( Trader’s Narrative ) Are ... (more) Tuesday links: bubbles, bulls and bears
Comments vote down Daily Options Report found this 12/10/2008found this
aleablog.com - 12/8/2008
#Links
— aleablog.com — Deutsche Boerse and NYSE Euronext plan merger Hedge funds are going down with dignity (U.K.) Borrowers could... see mortgage rates drop to 0% Germany mulls interbank lending guarantee The brilliance of creative chaos Banking spins ... (more) #Links
Comments vote down FT Alphaville found this 12/8/2008found this
marginalrevolution.com - 12/6/2008
Assorted links
— marginalrevolution.com — 1. Best science books of the year?: the best book list so far this year 2. The... age of mass intelligence 3. On-line Keynes , from Brad DeLong 4. John Milton podcast 5. Karaoke rage ; recommended (more) Assorted links
Comments vote down Kids Prefer Cheese found this 12/6/2008found this

Blog Reactions

EconLog: Library of Economics and Liberty:  In Praise of Tobin's q

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Blog Reactions

In Praise of Tobin's q
EconLog: Library of Economics and Liberty — ... a desire to expand capacity. You should not build new facilities. Instead, you can get them much more cheaply by purchasing a rival company on the stock market. Most of us cannot arbitrage against today's low value of q. We cannot simultaneously sell physical capital and buy common stock. We can buy common stock, hoping that the way that q returns to 1 is by stock values rising. But the other way for q to get back to 1 would be for the replacement cost of capital to fall. Thanks to Mark Thoma for the pointer.

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