Saturday, October 11, 2008

Reads of the day

If rate cuts don't work, why not complement it with quantitative easing?

Plan for saving Main Street from Luigi Zingales: Offer recontracting option where house prices have fallen 20% or more.

Scientists may be prone to the winner's curse as well

Dr. Doom suggests actions to prevent systemic financial meltdown...

...But the IMF keeps it simpler

Amidst the financial turmoil, the WEO Global Competitiveness Report is out

Why are stock markets plunging: Is it heterogeneous agents and incomplete markets? Or is it hedge fund margin calls?...

...But whatever the reason, we may not have seen bottom yet: Interactive chart from NYT on how the current bear market compares with precedents

My thanks to Justin for bringing up an issue that has never ceased to amaze me at clothing stores

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