About Taiwan

Taiwan had its Presidential election on March 22. Here are some related articles lately.
3/18 Taiwan Strait Tightrope from WSJ.
3/20 Taiwan Heads for Thaw With China from WSJ.
3/22 Opposition Wins Taiwan's Election from WSJ.

Bear Stearns

Newsnight Video 1 and Video 2 about Bear Stearns.
Reuters Video 3.

Greenspan on the Current Financial Crisis

Alan says that we will never have a perfect model of risk but adding "animal spirits" factor might help.

Krugman on Current Financial Crisis

Krugman has a pretty comprehensive view for the US credit crunch now.

A Typical Chinese Factory

From this video, we can see the perfect example of two factors of a production function: labor and physical capital. China has a lot of them.

Introduction to Balance Sheet

A Video for Balance Sheet about Buying Housing.

Feldstein and Meltzer on Current Economy

A video forum.

Demographic Problems

Two opposite demographic problems for African and developed counties.
1. High fertility in Afica.
2. Aging boomers in the US.

Credit Crunch Updates

1. Carlyle Fund.
2. Bear Sterns.

Krugman on the Fed's Lending Program

Betting the Bank from NYT by Krugman.

The Inequality Myth

The inequality Myth by Brad Schiller.

Term Securities Lending Facility

The Federal Reserve announced today an expansion of its securities lending program.
It is called Term Securities Lending Facility (TSLF).

The Subprime Mortgage Comic

This is a very funny comic slide.

HT: Mankiw

Basel II

Mortgage Fallout Exposes Holes in New Bank-Risk Rules from WSJ.

Interview with Warren Buffett

CNBC had a long interview with Warren Buffett.
Transcript 1, T 2, T 3, T 4, T 5, T 6, T 7, T 8, T 9, T 10, and T 11.

In T 2, Warren mentioned the company in Winona but the host didn't know it.

Q: Among the CEOs within the universe of publicly traded companies in which Berkshire doesn't have an ownership position, which CEO do you believe is doing the best job on behalf of shareholders?
A: Well, there's a number of them. The fellow at Fastenal has done a very good job.
Q: I'm sorry. Which company?
A: Fastenal.

The Global Status of Dollars

A nice article from WSJ about the current status of dollars.

Turmoil of Municipal Bonds

From WSJ.