Renminbi as Reserve Currency:
Housing Deflation Watch: A good overview of why we shouldn’t yet expect housing prices to bottom out.
Interest Rates & the Housing Bubble: Contributions of the Fed rate reductions & the global savings glut to the housing bubble.
Corruption & Afghanistan: “The challenge in Afghanistan is to bring down the level of violence, and to do that it will be necessary to establish a limited-access order, in which corruption is part of the solution.”
Miller on Multiple Intelligences: “…many of the new-fangled types of intelligence that have become popular recently…boil down to general intelligence plus some combination of the Big Five personality traits.” If this is true, then multiple intelligences & general intelligence may not necessarily be mutually exclusive.
Harvard Shrinkage: How Harvard gambled itself to the edge of bankruptcy.
Avian Intelligence: “Rooks rival chimpanzees in their ability to use tools.”
Demographic Winter Redux:
Housing as Investment:
Geithner Hedge Fund: This accords w/ the idea – noted here – that PPIP will flop ‘cuz banks are unwilling to sell loans at a loss.
Risk Management & Liquidity: “Even owning a home that requires two incomes to pay the mortgage is not a risk worth taking.”
Duration-Matching & Home ATM: “…a general guideline is to match the term of the debt with the useful life of the asset. A 30 year loan for a house. A 5 to 7 year loan for a car. Pay cash for lunch. / Then – if the useful life and debt term match – when it comes time to replace the asset, the debt will have been retired.”
Krispy Kreme, Grease, & Fairfax: LOL.
Bad Loans: One reason banking isn’t yet out of the woods.
Negative Interest Rates Redux
Derivatives & Disclosure:
Buiter on the Lessons of the Crisis:
College Credit Downgrades
Solum on Judicial Brilliance