tsuomela's Bookmarks Tagged With "markets"
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Everyone’s Watching: Financial Page: The New Yorker
http://www.newyorker.com/talk/financial/2008/11/10/081110ta_talk_surowiecki
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Markets work best when investors are thinking for themselves, and tend to go awry when the obsession with what everyone else is doing becomes a dominant concern. Maybe what investors really need is to periodically take a market-information vacation.
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Kenneth Arrow: The financial turmoil is a challenge to economic theory | Comment is free | guardian.co.uk
http://www.guardian.co.uk/commentisfree/cifamerica/2008/oct/15/kenneth-arrow-economy-crisis
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The root of this financial crisis is the tension between wanting to spread risk and not understanding its consequences [based on large differences of information among market participants]
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What History Tells Us About the Market - WSJ.com
http://online.wsj.com/article/SB122368241652024977.html
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Graham summarized it this way: "...stocks always sell at unduly low prices after a boom collapses. As the president of the New York Stock Exchange testified, 'in times like these frightened people give the United States of ours away.' Or stated di… More
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The Reckoning - Taking Hard New Look at a Greenspan Legacy - Series - NYTimes.com
http://www.nytimes.com/2008/10/09/business/economy/09greenspan.html?hp
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Today, with the world caught in an economic tempest that Mr. Greenspan recently described as “the type of wrenching financial crisis that comes along only once in a century,” his faith in derivatives remains unshaken. The problem is not that the … More
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Stumbling and Mumbling: In defence of stock markets
http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2008/10/in-defence-of-stock-markets.html
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This poses the question. If stock markets provide neither capital nor control - they certainly don’t provide any discipline upon managers - what do they do? I’d suggest four things:
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Credit default swap - Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Credit_default_swap
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Daily Kos: State of the Nation
http://www.dailykos.com/storyonly/2008/9/21/9322/74248/245/602838
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Joseph Stiglitz: The financial crisis is the fruit of dishonesty on the part of financial institutions | Comment is free | The Guardian
http://www.guardian.co.uk/commentisfree/2008/sep/16/economics.wallstreet?gusrc=rss
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Financial markets hinge on trust, and that trust has eroded. Lehman's collapse marks at the very least a powerful symbol of a new low in confidence, and the reverberations will continue. The crisis in trust extends beyond banks. In the global con… More
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Unenumerated: The Coase Theorem is false: contracts depend on tort law
http://unenumerated.blogspot.com/2008/05/coase-theorem-is-false-contracts-depend.html
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The proof that the Coase Theorem is false is actually quite simple: the assumptions of the Theorem contradict each other. The assumption that transactions are voluntary contradicts the assumption that any prior allocation of rights is possible, in… More
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Organizations and Markets
http://organizationsandmarkets.com
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