SNOW DAY! There is something quite lovely about waking up to a blanket of white, though I rather it not be in March. I woke up early with the intention of finishing two articles that I need to write but I got stuck in my inbox reading and watching. Here are my favs…….
The first is a video that explains the mortgage mess including how securitization works. Though clearly VERY oversimplified it does offer a great sketch of how securization and leverage works. I am going to watch it again with my kids. HERE IT IS.
If you do not already subscribe to BASELINE SCENERIO
you need to. I have been for months now and I find the writing incredibly insightful and right on. Read his latest.
A thoughtful piece
from an economist on the latest round of horrible economic data combined with some insights on what the administration could and should be doing.
Last – a piece from Econbrowser
on what to expect from the stock market. I am not an expert here, and appreciate expert thinking. Again I am not saying I agree with it all but it is worth the read. Warning… somewhat advanced.
Have a great day. A few hours of work and I am going to play in the snow with my kids and my dog. It does not get any better then that……….