Monday, April 28, 2008

Economics Major is Good!

Econ majors earn ($52,926) more than most of other majors. Evidence is here.

Tuesday, April 22, 2008

The Reason of Income Inequality and Solutions

Mankiw offers a reason.
Solution 1: See here.
Solution 2: See here.

Thursday, April 17, 2008

Global Financial Warrior

Very Funny Video made by Stanford Economics graduate students.
It is about monetary policy and John Taylor, famous economist.

Enough With the Interest Rate Cuts

Martin Feldstein said it is enough from WSJ.

Tuesday, April 8, 2008

Fake Money but Real Stock

My colleague Mike showed me this website:
It would be a good example of random walk of stock prices.
Stock price is unpredictable from its own past.

Updated: One student of mine refered me to this website that gives you $1,000,000 virtual money to play real-world stocks.

Shiller on the Proposed Finanical System Overhaul

From NYT by Robert Shiller.

Legacy of Greenspan

WSJ has an interview with Alan Greenspan about his responsibility of recent housing bubble. I think his interest rate policy is fine. But he could have done more on regulation and supervision then.

No Dissertation

A funny video made by UC Berkely PhD students.
Comment: PhD students can't sing!

Thursday, April 3, 2008

Bernanke's Testimony on April 2, 2008

Bernake's economy outlook and warn of recession in front of the US Congress.

Tuesday, April 1, 2008

Map of Mortgage Conditions

Fed provides this Dynamic Maps of Nonprime Mortgage Conditions in the US.
It is not informative though.

A Table of Subprime Loss

Total loss is up to $232 Billions now.