Counterparties
The Brownian-motion-and-greater-fools theory of the old GM’s share price — TED
More than 70% of mortgage modifications result in an increase in the principal amount — HuffPo
Any number of ways to get around a paywall — Slate
Helmet laws save lives — and also reduce the number of cyclists — NBER
Brad Miller points out that the bank tax is basically what we should have been doing to Frannie all along — HuffPo
Roubini warns of “a disorderly rush to the exit” if inflation appears in the US — Project Syndicate
More solid reporting on the iffy finances of Wyclef Jean’s Yele Haiti charity from John Cook — Gawker
We like people who are generous. Buffett likes people who are stingy. That’s why he’s a better judge of character — Bronte Capital
Too much of a good thing? Making the most of your disaster donations — Aid Watchers
It’s behind a paywall, but Euromoney has a long and interesting story on David Proctor, a banker who can’t leave Qatar — Euromoney; (Update: ungated version here.)
about 7 months ago
You have a lot of doom and gloom. You bring up a good point on the foreclosure situation. It used to be that people put at least 20% down on a house. No more. People do 100% financing and interest only loans. Too often people are living above their means. They spend too much on things they want, but do not need. How about the negative savings rate? This explains a lot more about the demise of the middle class because people have a spending problem.
about 7 months ago
Indiana has no helmet law and does not require seat belts in vehicles licenses as a truck. Big truck (semi) drivers however must wear seat belts per federal law.
about 6 months ago
I think he was just joking and saying that now that he isn't touring with MJ, he can't blame things on him when they go wrong.
about 5 months ago
i would trade manny and todd jones for vlad and bronxton
jones will probably lose his starting job to joel zumaya and bronxton will emerge as the closer for the dodgers
about 5 months ago
Not to bad but I would go with another secondbaseman. Pitching you need some more saves and more Ks.
about 5 months ago
You'l be waiting forever, at John Stroger County Hospital. You'll still need to go thru the process of going to the E-Room, admin, and seeing a nurse right away , But the wait to see a doctor will be hours, good luck with the county hospital, I've been there before during a point in my life when I had no insurance, and can honestly say they wait is LONG and the service is horrible.
about 5 months ago
Brownian motion is the random motion of surface molecules of liquids, while Avagadro's number is the number of atoms in exactly 12 grams of Carbon 12 or a mole of any other substance. These two have no direct relationship with one another.