Home Crisis Investigation

This footage is very funny from the Daily Show with Jon Stewart.

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.

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.

The Economist on Economics

The Economist had three excellent articles reflecting the economics.
1. What went wrong with economics
2. The state of macroeconomics
3. The state of financial economics

And the excellent response by Mark Gertler.

The 7 Secrets of Highly Successful Students

Good suggestions for undergraduates.

Robert Shiller and Its Hedging Products

An interesting article about Bob Shiller and his financial invention (UMM and DMM) for hedge on housing market.

Jobless Feel Effects of States' Stimulus Rejection

Here.

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.