As part of my frightening yet potentially lucrative new career as a Person Who Sits/Stands at the Front of the Room and Says Stuff While Other People Sit in Chairs and Listen Semi-Attentively, I’m on a panel tonight at the Barnes & Noble at Broadway and 66th in Manhattan with Bruce Bartlett, Robert Samuelson and some guy I don’t know …
Titan of academic finance Gene Fama writes in his blog:
The premise of the Fox book is that our current economic problems are largely due to blind acceptance of the efficient markets hypothesis (EMH), which posits that market prices reflect all available information. The claim is that the world’s investors and their advisors in the
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Last week I greeted a couple pieces of good economic news, the reports that GDP grew 3.5% in the third quarter and house prices rose 1.2% in August, with a shrug and worries that things might be about to take a turn for the worse. So it seems only fair to point out that, this week, the news has only been getting better. The manufacturing …
The CBO has a new “economic and budget issue brief” out on one of our favorite subjects, federal support for housing. The gist: there’s a lot of it.
Really no commentary necessary, other than that I learned of it via Christopher Hayes (via a couple other people) on the Twitter:
[youtube=http://www.youtube.com/watch?v=WNFf7nMIGnE]
The FT’s John Gapper heard Paul Volcker speak about financial regulation in Florida today:
[H]e emphasised this afternoon that he was “not proposing a return to Glass-Steagall” because he regarded securities underwriting as “a reasonable banking function analogous to lending”. Nor did he want to bar banks from mergers and
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As a longtime inhabitant of businessmagazineland, I stumbled over a few of the assertions in David Carr’s column on the death of the business magazine in today’s NYT. For example:
Business magazines used to relish explaining all the complex new financial instruments that Wall Street was using to pile up profits. But now it has become
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My new column is online and in issue of TIME with the scary-looking banker on the cover. It’s part of a “Why Main Street Hates Wall Street” package that includes Allan Sloan’s take on “What’s Still Wrong With Wall Street” and Steve Gandel’s “Meet Ken Feinberg.” My contribution is mainly a summing up of the recent research of NYU finance …
What can we learn from this morning’s surprisingly strong 3.5% real GDP growth report?
1) Goldman Sachs does not know all. The bank’s economists had been on eerie run of sending out prescient alerts the day before major data releases—mainly the monthly employment numbers—that described in detail how the consensus was going to be …
So I’m supposed to go speak at Columbia Business School tonight on the topic, “Should finance professors take the blame for the financial crisis?” I just realized a little while ago that I’d better start, um, figuring out an answer. Happily, Jeremy Siegel and Martin Wolf have taken to the pages of the WSJ and FT, respectively, this …
… to report a strange flurry of book-promotional activities. Yes, I am still promoting that stinkin’ book and, just in case anybody’s interested, I will be (I’m putting the list below the break so you don’t have to look at it if you don’t want):
