Browsing All Posts published on »October, 2010«

Risk Probabilities: Sovereign Debt Defaults

October 28, 2010

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From BusinessInsider today: http://www.businessinsider.com/19-countries-most-likely-to-default-2010-10#19-croatia-1 Over 50% of the top 19 are in Europe, many of which are former Soviet-bloc/Soviet Republics.

History Repeating Itself?

October 27, 2010

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Pragmatic Capitalism asked the question – “Is this 1937-38 all over again?” 1937 is important because after experiencing economic growth for a  couple of years, the US economy fell sharply into a great recession.  (It’s a topic of debate  as to whether the 1937 slowdown was a new recession or an extension of the Great […]

Sovereign Debt Enforcement

October 26, 2010

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A Bloomberg article today reports the view that Greece will assuredly default on their sovereign debt within three years. Serendipitously,  from my reading of “This Time is Different” by Carmen Reinhart and Kenneth Rogoff: In the modern era, however, the idea of using gunboat diplomacy to collect debts seems far-fetched (in most cases). The cost-benefit […]

Robert Reich, Economic Chef

October 24, 2010

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Who knew my Sunday morning coffee with the week’s recordings of The Charlie Rose Show would include culinary genius Robert Reich, former Labor Secretary under Bill Clinton? Reich just published his book “After Shock.” While I typically don’t agree with Reich on policy, he made several excellent arguments and one-liners about economic decisions ahead: The […]

Recommended Reading: “The Great Depression” by Benjamin Roth

October 19, 2010

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Found the book via Megan McArdle’s recent post – “Should We Just Call a ‘Do-Over’ on the Mortgage Market?“. (The answer is a resounding “no” BTW… There are other more painful, but more effective ways to solve the problem.) Benjamin Roth was a lawyer in Youngstown, OH through the Great Depression and kept a running […]

Baumol’s “Entrepreneurship: Productive, Unproductive, and Destructive”

October 14, 2010

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Came across a very good journal article today for those interested in the evolution of entrepreneurship – William Baumol’s “Entrepreneurship: Productive, Unproductive, and Destructive.” Published back in 1990, it’s an interesting read given the current unemployment levels and post-housing bust economic doldrums we’re experiencing. Baumol write that “…at time the entrepreneur may even lead a […]

Why Wesabe Lost to Mint

October 3, 2010

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Came across this post on Marc Hedlund’s blog – “Why Wesabe Lost to Mint.” I’ve never heard of until reading his post this week.  It’s a look at why his company – Wesabe – failed to beat out Mint.com for market supremacy.  Wesabe shut down earlier this summer, while Mint.com was acquired for $170 mln […]