Monday, October 13, 2008

Reads of the day

We were warned on the mortgage crisis. Becker and Posner offer their takes on why the warnings were ignored, not just for the mortgage crisis but throughout the financial meltdown.

The role of informational cascades on the road to the financial crisis, a la Shiller

Central Banks announce unlimited liquidity

The credit crisis is spreading to credit cards and auto loans

Policymakers are thinking of easing rules on mark-to-market accounting, but it may not be such a good idea

News from the US Real Street: Retail sales continue to look bleak, but mortgage loans have surged in the last two weeks

Zhe deflation is coming (at least for the US)- sorry for the misspelling, I just watched the original Pink Panther)

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