I just came across the NYT credit crisis essentials page. What next- credit crisis for dummies?
WSJ against WSJ: I see it as an indicator of how uncertain the future direction of Fed policy has become.
Economix has a short article on why oil and gas prices do not move one to one- an issue often debated in Turkey- naturally, the issue in Turkey are somewhat different.
Speaking of oil, James Hamilton, my favorite academics blogger who is an energy economist in his spare time, has a working paper, Understanding Crude Oil Prices.
An omen for Saturday.
My answer to those claiming that yesterday's 10% IMF surge was due to the (still-unannounced) IMF package.
Rebecca Wilder continues to discuss issues of opaqueness for the world's largest hedge fund.
Another interesting piece on the sustainability of dollar strength- this one from the London banker. FT Alphaville expands on one particular reason- a more complete discussion is here.
Zubin Jelveh demonstrates that in times of crises, all correlations tend to one (or -1).
Rogue Economist rants on the three laws of risk and their implications on an interconnected financial system, using CDSs as an example.
I had mentioned last week that economic forecasts are getting more dispersed in Turkey. Menzie Chinn reports that a similar thing is happening for the US.
Table of leverage ratios of big banks, on which FT Alphaville elaborates.
Financial Armageddon argues that durables and non-residential investment are especially vulnerable. However, Casey Mulligan shows that hasn't been the case for non-residential investment and has a neoclassical explanation to go with it.