Paddy Hirsch from Marketplace once again does a masterful job on the white board, this time explaining Repo 105, the latest financial shenanigan to hit the papers.
Repo 105 from Marketplace on Vimeo.
~alex
Paddy Hirsch from Marketplace once again does a masterful job on the white board, this time explaining Repo 105, the latest financial shenanigan to hit the papers.
Repo 105 from Marketplace on Vimeo.
~alex
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As always, hat tip to Marketplace and Paddy Hirsch.
Derivatives from Marketplace on Vimeo.
~alex
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The Economist has this nice explainer about the nature of wealth.
From the article:
Looked at in that way, financial assets are not “wealth” but a claim on real wealth. If those claims multiply or rise in price, that does not mean aggregate wealth has increased. If a pizza is cut into eight instead of four slices, [...]
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I have written before about experience goods (as opposed to search goods) and the impact of these concepts on the ecommerce user experience, but quite frankly it never occurred to me to think of people as experience goods.
But that has been corrected thanks to a new paper about online dating (Frost, Jeana H., Zoe Chance, [...]
I recently discovered NPR’s Planet Money and have been enjoying it enormously. This podcast in particular is quite good and discusses the economics of ticketing, something of interest to me.
One very nice thing about the podcast is that they take the time to define basic economic concepts, like monopoly (or economic) rent. [...]
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I’ve written about dark pools before. I find them fascinating. Here’s a nice explainer from Marketplace.org.
Dark pools from Marketplace on Vimeo.
~alex
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Today’s FT carries an article by Gillian Tett — Credit crunch causes analysts to rethink rational market theory. One has to wonder why the frenzy in internet stocks in 2000 wasn’t enough to cause “analysts” to rethink their theories while the credit crunch could. Maybe they lost enough money this time …?
Anyway, if [...]
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Via Economix, this wonderful little explainer about inflation … circa 1933, attendant with 1933 economics, and humor.
~alex
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Economix at the NYTimes has a nice post about how definitions mean something … and then proceeds to define some important terms in the health care debate: Socialized Medicine; and Socialized Health Insurance.
As blog author Uwe Reinhardt points out, people often confuse them, especially, it seems, when they’re on the campaign trail. And, interestingly [...]
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I’ve known about the Libor for some time now, and could even somewhat define it, but I came across a very nice description of it in this FRBSF Economic Letter, Behavior of Libor in the Current Financial Crisis.
The London interbank offered rate, or Libor, is … widely used. Estimates are that, worldwide, a total of [...]
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