Thursday, July 30, 2009

Wednesday, July 29, 2009

A Letter to The Queen

Queen asked a question when she visited London School of Economics: why had nobody noticed that the credit crunch was on its way? The British Academy wrote a letter to answer the question later on. On paragraph caught my eyes:

All this exposed the difficulties of slowing the progression of such developments in the presence of a general ‘feel-good’ factor. Households benefited from low unemployment, cheap consumer goods and ready credit. Businesses benefited from lower borrowing costs. Bankers ere earning bumper bonuses and expanding their business around the world. The government benefited from high tax revenues enabling them to increase public spending on schools and hospitals. This was bound to create a psychology of denial. It was a cycle fuelled, in significant measure, not by virtue but by delusion.

Sunday, July 26, 2009

Should Bernake Be Reappointed?

I agree with Nouriel Roubini that Bernake should be reappinted next year. And I guess that he will be.

Trust Government or Companies?

Mankiw raises a good question which has been in my head for a while.

Tuesday, July 21, 2009

Wednesday, July 8, 2009

Friday, July 3, 2009

Organizing Your Financial Life

Merrill Lynch provides a pretty good form to help people organizing their personal finance. Nevertheless, I think some items are oversold.
Source: A day to tackle the financial to-do list from NYT.