Exposure to Ice

[koganbot]

Krugman recommends Across The Curve, a blog by bond trader John Jansen (though Krugman himself has to look up some of the words, he says).

someone else mentioned to me that the debacle in Iceland might have implications in Scandinavia. The logic is that some of the big Scandinavian banks probably have large exposure to the Icelandic banks. It would not be a surprise to observe one of the Scandinavian banks emerge with more exposure to Iceland than anticipated.

In this environment, the market would punish that behavior severely.

By the way, my flist being strangely silent about this once-in-a-lifetime* financial crisis, is ILE having good convos on the subject? I haven't checked yet. (I mean, good for its attempt at economic thought, not just good if you're interested in the sociology of ILE.) In general, where are you guys going for conversation about the crisis?

*Or at least first-in-my-lifetime big-size financial panic.

Comments

[dubdobdee.livejournal.com]

annoyingly i have the usual self-inflicted perfect storm of deadlines -- these included my holiday in morocco in two weeks time until fiscal caution got the better of me (do i really want to be stranded in a country i don't speak the language of when sterling falls to 0 against all currencies): i have postponed morocco till next year

also i felt a bit contrite abt my drive-by style of posting to frank's earleir threads -- viz not reading the piece he was linking to (no time), but linking to five other longer and much more controversial pieces him (which i also hadn't read properly)

My busy day

[koganbot]

Actually, I have loads of things to do today myself:

(1) Trim beard so that I will not look like hairy monster tonight at writers group.
(2) Put CD for Chuck in envelope and address envelope.
(3) Go to post office to get mail and send CD to Chuck.
(4) Go to Kmart and buy shoes that will not leak during possible rainstorm over the weekend. Buy socks while I'm at it.
(5) Go to Albertsons and buy bread.
(6) Return home, read some Descartes, and send email to fellow philosophy students on best procedure (superior to that of piker René) for going about doubting everything one possibly can, including doubting one's preconceptions about what doubt is (possibly post results on lj).
(7) Think about horses for first time in years so that I can say I put Descartes before da horse.
(8) Think about prostitutes for first time in years so that I can say I put Descartes before da whores.
(9) Listen to new charting singles and post Year In America for this week.
(10) Mull over possibility of getting in touch with LVW and pitching pieces.
(11) On way to writers group, go to bank and get new transaction register for checkbook.
(12) Go to writers group.
(13) Get offline. (Um, for this step to be effective, it needs to be number 1, not number 11.)

Re: My busy day

[dubdobdee.livejournal.com]

unfogged sometimes has good threads on the subject (they're very distractable: but not and then they discuss high-end stuff pretty well i think)

Re: My busy day

[dubdobdee.livejournal.com]

however some of the best unfogged comments threads are hidden behind titles and initial posts that are -- to say the least -- impenetrable to non-unfogged outsiders so you have to click around and be patient, and it's a VERY in-crowd crowd

i post (very occasionally) as tierce de loll4rdie