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March 30, 2012

Defense and Security
Friday File: Obama’s Open Mic Gaffe

Above the Fold. President Obama got himself into hot water this week when he was overhead telling Russian president Dmitri Medvedev he would have “more flexibility” on issues like missile defense aft…

obama-medvedev-hot-mic-2012-03-30

December 1, 2014

Global
Ten Historical Anniversaries of Note in 2015

As 2014 comes to a close, here are ten notable historical anniversaries to mark in 2015.

Nelson-Mandela-Anniversaryy

May 25, 2016

You Might Have Missed: Academic Journals V

This is the fifth blog post in this series. The previous four were published in February, July, and October 2015, and January 2016, and highlight earlier academic findings.  David B. Carter, “Provoc…

YMHM Academic May 2016

January 9, 2009

Financial Markets
The global savings glut and the current crisis

I have always believed that the debtor and the creditor tend to share responsibility for most financial crises. One borrows too much, the other lends too much. Wynne Godley (ideologically, no H…

August 20, 2007

Financial Markets
Reverse engineering financial engineering

The process that turned subprime mortgages into triple AAA rated securities is, by now, pretty well known.   Rich Bookstaber (his blog is here) describes the process nicely.Here's the recipe for a CD…