So it turns out that Darren Gersh, Washington Bureau Chief for the Nightly Business Report, addressed the question of what we should call this financial crisis of ours way back in January. He even did some actual research on the subject. What a concept! Anyway, Gersh shared my concern that any name with “subprime” in [...]
It was with a sigh of relief that I read that Visa went through with its record-breaking IPO and started trading on the New York Stock Exchange today. Not because I have any money at stake, but because the column I wrote a couple of weeks ago would have looked pretty silly if the IPO [...]
New Delhi-based economist Ajay Shah has a fascinating column in India’s Business Standard (via Bayesian Heresy) in which he makes the case that the current financial troubles in the U.S. may bring a recession, but can’t really be called a crisis. I recommend reading the whole thing, but here are a couple of key passages: [...]
Okay, so we’re in a middle of a big crisis brought on, in part, by the failure of financial institutions to maintain large enough capital bases as insurance against the risks they’re taking. So now, in an effort to make the crisis go away, the Office of Federal Housing Enterprise Oversight announces this morning that [...]
