March 2, 2009
…or at least that is what I call the Frontline PBS documentary on the financial meltdown of 2008. Seriously, this documentary makes economic sound exciting and thrilling. Almost as if I was watching 24 economics edition. Ok, it is not 24 thrilling, but still… It is kind of like an economics thriller. ^_^ Unfortunately, I can’t embed stuff with script tags, so you will have to go there and watch it.
Hat tip: Freakonomics (He has various articles on the meltdown too, if you wish to inform yourself.
October 11, 2008
You know, this economic crisis is kind of screwing with my head. Every explanations contain economic jargon I don’t understand, or it is just plain confusing. Trust me, I rarely get confused. Of course, in the end I kind of figure them out, but there is still some doubt left of my interpretation. This post make things easier. Emmy, the dog, is, as always, quiet helpful in her own arrogant ways. (hat tip: uncertain principles)
If you want the more hard core readings, you can go in these links. And there is another interesting article, which I kind of disagreee with in one part because she puts too much weigh in cognitive errors, but it is nontetheless interesting and informative.
Then, there is this strange part about blaming physicists for their role in the disaster. I had no idea physicists were into finance. This last one is just a throwaway, since I thought it was interesting.
August 23, 2008
You must be liking me by now. Not only do I post about science and math, my favorite subjects, but I have also done history, religion, politics, and literature. And now, it is about economics. Don’t worry, I am not rambling about some basic stuffs of economics that you don’t care about (but should). Instead, I am making Stepthen Colbert do the talking*. (thanks to the blog the Intersection) Basically, oil is expensive not because of supply and demand, but because of the stupid speculators who are speculating that prices might go up, even though we have enough now, and then, they are drilling more so that it might be cheaper even though we have enough now. Now, that is stupid. There is one thing I disagree on, though. I think the technology of alternative fuel is here, but others just won’t let it through.
*Sorry I couldn’t post the video itself here. Somehow, the program won’t work on this one.