Here’s some surprising news. Iceland’s GDP falls less than expected. The total collapse of its financial sector has been mitigated by the collapse in its currency, which has made Iceland’s other exports of fish and aluminum more competitive.
Archive for the ‘Uncategorized’ Category
Iceland GDP
May 1, 2009Florida Housing Bubble
April 5, 2009Dr. Housing Bubble has a post describing the Florida housing bubble in the Roaring Twenties. It makes our housing bubble look like a staid and responsible affair.
Option ARMs
December 22, 2008Dr. Housing Bubble has a detailed post on Option ARM mortgages.
Sad News
December 2, 2008Doris Dungey, better known as Tanta, one of the two bloggers at Calculated Risk, died on Sunday after a long bout with cancer. Tanta began blogging after her cancer had gone into remission. So even though she knew that the time left to her was short, she took the time to try to illuminate for us how we got into our current predicament. It was a heroic act, and one that will be long remembered.
Her coblogger, CR, has assembled a complete list of Tanta’s posts.
Philadelphia Destroys Everything
November 1, 2008Being from Philadelphia, this post that describes how Philadelphia sports success leads to US economic failure strikes me as funny.
The Fed Paying Interest on Reserves
October 15, 2008Macroblog has an explanation of why the Fed started paying interest on reserves.
How This Bear Market Compares
October 13, 2008The New York Times has a striking graphic showing how this bear market compares to previous ones. Verdict? Bear-iffic!
Via The Big Picture.
Fed Commercial Paper Data
October 5, 2008There’s been a lot of talk lately of the commercial paper market drying up. The financial commercial paper market has been hard-hit, of course, but there’s been speculation in the press that the contagion is spreading to the industrial side of the market, with potentially devastating impact on the real economy. It turns out that the Fed keeps close tabs on the commercial paper market, and releases regular data on the subject here. From the data, it seems clear that the impact on the non-financial sector has been small.
Via Epicurean Dealmaker.
FDIC Resolutions Handbook
September 30, 2008Are you curious what happens when the US government takes over a bank? The FDIC has the book for you.
Eight Hundred Years of Data
September 29, 2008Carmen Reinhart and Kenneth Rogoff have announced a database of eight hundred years of sovereign debt crises. Now that’s a time series.
