cato-unbound.org - 12/2/2008
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In the first of this month's four accounts of the causes of the financial crisis, Lawrence H. White, the F.A. Hayek Professor of Economic History at the University of Missouri, St. Louis, makes his case. White argues that the housing boom and bust, and the resulting meltdown of financial ...
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The financial mess: What really happened?
Division of Labour —
A condensed version of my Cato Briefing Paper on the financial mess is now available as an essay on Cato Unbound , under the title "What Really Happened?" It will be followed, over the coming week, by alternative perspectives from William K. Black, Casey Mulligan, and Brad DeLong. Then all hell will break loose as we criticize one another's essays. [image]
Great White Parenthetical
EconLog: Library of Economics and Liberty —
... | Permanent Link From Larry White's target essay on Cato Unbound: (One can't explain an unusual cluster of errors by citing greed, which is always around, just as one can't explain a cluster of airplane crashes by citing gravity. Anyway, the greedy aim at profits, not losses.) CATEGORIES: ...
This Month at Cato Unbound: What Happened?
Cato @ Liberty —
... why this month we’ve invited a team of economic experts for a very special issue of Cato Unbound. Each brings a different perspective on our financial troubles, and, partly because the matter is so far from settled, we’ve decided to give them all equal billing: Lawrence H. White, William K. Black, Casey Mulligan, and J. Bradford DeLong will each write a full-length essay in a first of its kind roundtable format. The question at hand: What happened?
Prof. White’s essay is available here, and I found the following particularly ...
What Would Hayek Say? Perhaps the Hayek Chair Can Tell Us
The Austrian Economists —
... Larry White explains the current crisis.
Macro Problems, Micro Explanations and Solutions
The Austrian Economists —
... finally back to entrepreneurship and development. In many ways students today find themselves in the same situation I did in the late 1970s. And with the times comes a variety of restatements of the Austrian approach to macroeconomics. George Selgin has a wonderful interview in the Richmond FED periodical that is a must reading. Roger Garrison's FREEMAN article on mainstream macroeconomics is also an important piece to read. Steve Horwitz, Larry White and Gerald O'Driscoll have been constant in their commentary ...
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What happened today?
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End of Wall Street: What Happened
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What happened to oil markets on Monday?
econbrowser.com 9/26/2008 — Here's how it was reported, for example, in the Wall Street Journal :
Reaction to the Wall Street bailout and frenzied last-minute trading in the oil market sent crude prices soaring by more than $16 a barrel, the biggest one-day jump ever.
The ...
So What Happened To Solar Stocks This Time?
blogs.barrons.com 10/8/2008 — OK, now what’s wrong?
Just yesterday, the ever-volatile solar stocks staged a nice rally , as investors celebrated as the Senate tacked an 8-year extension of the solar investment tax credit onto the incredibly bloated financial bailout bill, ...
Comments on Housing Plan
calculatedriskblog.com 2/18/2009 — There are three parts to the plan. For each part, I'll provide the Obama administration overview ( from the WSJ ) and then add some comments ... my objections are to part #2. 1. Affordability: Provide Access to Low-Cost Refinancing for Responsible ...
Ponzi Or Never Happened
pheedo.com 2/25/2009 —
Perp walk in Greenwich: CNBC reports that Paul Greenwood and Stephen Walsh, principals of WG Trading are being held in FBI custody, for allegedly "'mismanaging" clients' money to the "sum of possible hundreds of millions of dollars." No word on (yet) on which special needs community was ...
Is the Treasury market a bubble?
accruedint.blogspot.com 12/18/2008 — Yields on U.S. Treasuries have fallen to levels once thought impossible, and we are now hearing the "B" word (bubble) used to describe these formerly staid securities. Just a few days ago I was resisting the bubble label, but with the 10-year dropping ...
Feds Re-Impose Loan Standards They Helped Undermine
realclearmarkets.com 2/18/2009 — When President Obama announces Washington’s new plan to help troubled mortgage-holders today, the betting is that the program will include a loan-modification effort that reduces the size of a besieged homeowner’s debt.
Fannie, Freddie Funding Needs May Pass $200 Billion, FHFA Says
bloomberg.com 2/10/2009 — Feb. 10 (Bloomberg) -- Fannie Mae and Freddie Mac , the mortgage-finance companies seized by regulators, may need more than the $200 billion in funding pledged by the U.S. government if the housing market continues to deteriorate, Federal Housing ...
Fannie, Freddie Funding Needs May Pass $200 Billion, FHFA Says
bloomberg.com 2/10/2009 — Feb. 10 (Bloomberg) -- Fannie Mae and Freddie Mac , the mortgage-finance companies seized by regulators, may need more than the $200 billion in funding pledged by the U.S. government if the housing market continues to deteriorate, Federal Housing ...
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