What would a modern depression look like?

The Boston Globe has an interesting piece on what a sustained economic downturn (like the great depression(s)) would look like in modern times: We are separated from the 1930s by decades of profound economic, technological, and political change, and a modern landscape of scarcity would reflect that… By looking at what we know about how …

Ticket breakups are hard

The LA Times reports “Tensions between McCain and Palin camps come to light“. Might be interesting, let’s take a look: “…aides to John McCain disclosed new details about her expensive wardrobe purchases and revealed that a Republican Party lawyer would be dispatched to Alaska to inventory and retrieve the clothes still in her possession.” That’s …

Another Frightening Show About the Economy

I have not yet listened to Another Frightening Show About the Economy from This American Life. Since it is from the guys that brought us The Giant Pool of Money (the excellent show about the housing crisis), I have very high hopes. Give it a listen if you want to learn about the credit market …