- Valuing US mortgages assets: Help from logic and Black-Scholes | vox – “How much are the toxic assets worth? A bit of logic and a straightforward application of the Black-Scholes formula suggests that if current expectations of house price declines are right, securities built on subprime mortgages might be close to worthless.”
- Fareed Zakaria: Palin Is Ready? Please. | Newsweek.com – “In these times, for John McCain to have chosen this person to be his running mate is fundamentally irresponsible. McCain says that he always puts country first. In this important case, it is simply not true.”
- Project Syndicate | Russia’s Coming Financial Crash – “The initial American financial crisis barely touched Russia, but the global economic slowdown brought about a decline in oil and other commodity prices by more than one-third since July, which was a big blow. All the other hits, however, have been self-inflicted. The Russian financial crisis is high drama, best described as a tragedy in five acts. “
