Monthly Archives: June 2009

Global Warming and Model Risk

Jim responds with thoughts about how to think of non-GDP losses from Global Warming. You should read it. Several very smart people have brought up Indur Goklany to me now, so I’ll not comment till I become very familar with … Continue reading

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Framing, The Metric System, Audience

I’m no scientist, and I’m no expert at climate change. I’m trying to learn a lot about global warming on the fly so I can be an informed citizen when it comes to what it currently going on with the … Continue reading

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What was a subprime loan modeled on?

Even after the CJR demolished it, John Carney lays out his full theory on how the CRA caused so many subprime loans here. I think this is an important point to clarify, as it’s going to float out there in … Continue reading

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Non-GDP Costs from Global Warming

  So I’m trying to think through a simple question: I get that acting on global warming will not pass a cost-benefit analysis when it comes to GDP numbers. But what about everything else that matters in life? How will … Continue reading

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Cost-Benefit, Non-GDP, Global Warming

I should have been a much better lefty quant geek when it came to following global warming tail-risk models. I apologize internets, but there are only so many hours in a day. I do want to point out a few … Continue reading

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CRA Again?

John Carney has posted three ways the CRA caused lax lending. Reminds me of last fall. Barry and Felix have already responded; I want to address Carney’s points more directly: Barry Ritholtz has been a prominent critic of the theory … Continue reading

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Chicago Vacation

And on that note, I’ll be in Chicago for the next week on vacation. Hot Doug’s Some people never got over an old girlfriend. I never got over getting to eat at Hot Doug’s every week when I lived in … Continue reading

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