Added to the Pile...

• Daniel Cohen, Our Modern Times: The New Nature of Capitalism in the Information Age
• Eric Patashnik, Reforms at Risk: What Happens After Major Policy Changes Are Enacted
• John Cochrane, Asset Pricing

Comments

[tribalecho]

Hey Brad

Paula here. Remember me from Henwoods' mailing list? When everything started looking like it was falling apart, I thought of you. Not in the sense that you would help it fall apart, but in the sense that you might help me understand what the hell was going on. I have to say though, back in 2000, when I was curious about gold, you were not helpful. Nobody else was either, they all just laughed at me. Gold was about $256 at that time. And it's all over now baby blue. Gold too I think. Water is the next gold, but how to invest? How to not become a total whore? PIO PHO? Don't quite work.

[christofay]

Read the Army of the Republic if you want to study up on water.

Mr Delong doesn't understand the markets, so his call for economists to regulate risk is frightening.

Where he should concentrate is studying how much spending we have to cut so companies and tax payers can get a return on their social security contributions. I have been asking for a big roll back in the Republican branches of the fed govt, the parts under the umbrella of security. I think a 20% reduction is needed for starters. The security apparatus doesn't keep us safe, as it's big and powerful it makes us less safe. Example, Iraq.

I bought gold in the late 1990s. It's worked well. It is still going higher.

U. S. bonds and the dollar will fall later. They're getting a rush to the last iceberg effect right now.

[Jacob Davies]

"long volatility"

The best two-word summary of the entire situation that I can think of.