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The $4.5 Billion Dollar Bank Run
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Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
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Being Tim Geithner
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Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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Mar 11 2009 4:40pm EDT
Understatement of the Day
From Paul Kedrosky:
It does not seem to be good if you are a Luxembourg-based Icelandic banker used to selling swiss franc denominated mortgages to hungarian farmers.
The crazy thing is that this kind of thing seemed to make a certain amount of sense as recently as a couple of years ago. But hey, Luxembourg isn't only about finance. The Luxembourgeois can always fall back on those steel plants.
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