Paul Krugman gets Nobel

One of my favorite reads, Paul Krugman over at the NYTimes just got the Nobel in economics. I always thought his writings were the best, very clear, very concise. A more powerful way of explaining.

Comments

Post a Comment

Popular posts from this blog

Madrid Blog--We get sued

Image
...for having children If you are a foreigner and move to Madrid, do not, necessarily expect a warm welcome. Yesterday, we, or rather Don Mark Fleury and Dona Natali Manson ***note to Building Association of Serrrano XX, before you lawyer up, do your research. My husband spells his name "Marc" with a "c." and my first name is spelled "Nathalie;" not to mention that my honest English stone mason forbears would cringe at the misspelling of their last name to confound with that of the notorious 20th century serial killer. received an official communication from the Juzgado de Primera Instancia de Madrid, from one Don Ramiro Blah Blah, President of the Building Association of Serrano XX, a building of exactly 12 units, half of which were owned at one time by his father in law, in which it is alleged 1) "Mark Fleury and Natali Manson" have four children 2) these children own bicycles 3)and roller skates 4) and scooters ( Nathalie comment: nope sorry ...
Read more

Houston, We have a central-bank-run!

Judging by the comments, it seems many of you share my interest in understanding the recent economic news, at least Juha does. So I will continue covering that. Yesterday, my brother Carlos, who works for BNP in Europe sent me this story: Apparently we are seeing a dumping of US related assets by what is speculated to be... the Chinese. . Forget the computer attacks, Asia's sovereign funds dumping US assets would have a real impact on the economy. Credit and liquidity crises are not new and, when they turn bad, they turn bad. In 1929, the liquidity scare sparked a bank run. Banks didn't have enough cash and were defaulting, accelerating the mad dash and "bank-run" to get your money out while there was still liquidity. Then, the real economy wound up with no credit, and we all know the sad story from there. 2007 isn't like 1929. It isn't an "end-consumer" bank run. You and I are not going to the corner bank to take our savings out. Our confidence ...
Read more

SUN acquires MySQL, Day2

I am trying really hard to get it. So I have retreated to my batcave, I have put on my thinking cap, I have closed off the door so I could think more than 23 seconds without being interrupted by the kids. I have reach that inner zen point where the walls are transparent and I can see, I can see where the industry is headed. I have called good friends in the industry to get their perspective, I have expensed great brain power to analyze the implications SUN/MySQL merger. I have come up with this: ABSOLUTELY ZILCH. I must be getting old and out of touch, the dark side, everything clouds, because you know $1B is a billion dollar and Pony Tail Boy is no dummy. SO I read his blog, someone explained the transcript to me but I feel like Harry Seldon in "The Foundations" series when the diplomat visits: 30 minutes of words later and I still don't have any signal. I recheck my equipment but sorry, I come up with ZILCH. So I will repeat the party line as if I had understood it. M...
Read more