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Category Archives: Economics
Writers In Trouble
John Scalzi writes: Writers are often attracted to other creative folks, including other writers. Nothing wrong with this in a general sense, mind you. We all love who we love, and what’s not to love about another witty, smart and … Continue reading
Posted in Economics
Tagged creative folks, finance skills, flakiness, john scalzi, poor finance
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I See No Hope For The Economy
It’s impossible to get a loan from a bank these days unless you have a credit score north of 700 and considerable documentable income. The debt securitization market provided about 60% of lending money over the past few years. It … Continue reading
Posted in Economics
Tagged commercial property loans, consumer loans, credit card loans, debt securitization, real estate securities, security markets
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Law Vs Medicine
A lawyer friend emails: Regarding my own experience, I’m a bit of a nerd, and I do not flash my money or drive an expensive car. Perhaps this is to my detriment. On the other hand, I did retire at … Continue reading
Posted in Economics
Tagged choices in life, drawing power, friend emails, healthcare reforms, lawyer friend, seven deadly sins, young doctors
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Using Keynes As A Crutch (get it?)
In a long piece in The New York Times Magazine called "How Did Economists Get It So Wrong?", Nobel Prize-winning economist and Times op-ed columnist Paul Krugman tries to "explain" the current crash without analyzing the macroeconomic impact of land … Continue reading
Posted in Economics, Henry George, New York Times, Paul Krugman
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Do Banks Discriminate Against White People?
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. The current … Continue reading
Posted in Economics
Tagged boom and bust, conventional home loans, economist thomas sowell, mortgage loan approval, Thomas Sowell, tom sowell
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