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dense but really good essay by the author of "fooled by randomness". very topical.
Quoted: problems, but risk perception is subjected to framing issues that are acute in the Fourth Quadrant. Dan Goldstein and I are running a program of ...
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books
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Tom Friedman was talking about this book on The Daily Show. However, he said that the financial boom bubble doesn't qualify. Specifically, "The real tragedy of this moment is that this financial boom bubble and bust has left us with a bunch of empty condos in Florida and a bunch of dead, derivative contracts that no-one understands."
1 FaverViewed: 5 TimesQuoted: Amazon.com: Pop!: Why Bubbles Are Great For The Economy: Daniel Gross: Books
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economics
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This was written a year ago.
1 FaverViewed: 2 TimesQuoted: The global imbalances created by this dynamic of American borrowing and foreign lending appear stable for now, but if they slip suddenly, that could pose serious dangers for middle- and working-class Americans through soaring interest rates, a crash in the housing market, and sharply higher prices for anything no longer made domestically.
- mohit - 17 days ago1 FaverViewed: 3 Times
- mike - 17 days ago1 FaverViewed: 4 Times