tag:blogger.com,1999:blog-7905515.post8346223916766937085..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Gary Gorton vs. Michael LewisEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7905515.post-50561613887192683252010-03-27T19:28:38.433-05:002010-03-27T19:28:38.433-05:00it is funny that he agrees with 98% of what his gu...<em>it is funny that he agrees with 98% of what his guests say</em><br /><br />It's like Charlie Rose -- if you want to keep the guests coming you have to be nice to them.<br /><br />Especially if you want people with different points of view. If you proclaim your own and argue with all who differ, it's going to limit who wants to talk to you correspondingly.Jim Glasshttp://www.scrivener.netnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-29526334603111707332010-03-25T11:59:02.330-05:002010-03-25T11:59:02.330-05:00Thoughtful post and still ruminating about it. Bu...Thoughtful post and still ruminating about it. But weren't car/student/credit card loans, etc., even those rated AAA also at risk of abnormally high default rates, given that the housing market was starting to correct and suddenly a lot of people who previous had "pristine credit" would begin to default on loans because their income was likely tied to real estate? Or is this part of the self-fulfilling prophecy/Henryhttps://www.blogger.com/profile/00421558624549606900noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-64822450801053703802010-03-23T19:41:59.255-05:002010-03-23T19:41:59.255-05:00Sean: housing prices went up 50% between 2000 and ...Sean: housing prices went up 50% between 2000 and 2006. That means they could go down that much too.Eric Falkensteinhttps://www.blogger.com/profile/07243687157322033496noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-40613702611408603272010-03-23T17:02:20.884-05:002010-03-23T17:02:20.884-05:00Once again - good stuff - particularly liked the p...Once again - good stuff - particularly liked the ppt. So, um... what is meant exactly by..Further, its future volatility should assume that the historical moves up reveal potential moves downward.<br />Anyone?Seannoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-59907453611132382022010-03-22T18:27:10.231-05:002010-03-22T18:27:10.231-05:00Repo is only required if you're levered. I wo...Repo is only required if you're levered. I would argue the crisis was about leverage, not repo. This time was not different --- same problems, different instruments (call loans in 1907).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-10706187217871631202010-03-22T15:28:29.452-05:002010-03-22T15:28:29.452-05:00"Why not increase bank capital rates from 4-8..."Why not increase bank capital rates from 4-8%, to 20+%?"<br /><br />Why not adjust them counter-cyclically? E.g., when trailing four quarters of GDP are averaging 3% annualized, capital rates are set at 10%; when GDP hits 4%, they go up to 12%; when GDP falls to 2%, they down to 8% -- something along those lines?Dave Pinsenhttp://steamcatapult.com/noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-38016316660427952622010-03-22T14:36:07.112-05:002010-03-22T14:36:07.112-05:00no, I listen to a lot of his econtalks...but it is...no, I listen to a lot of his econtalks...but it is funny that he agrees with 98% of what his guests sayEric Falkensteinhttps://www.blogger.com/profile/07243687157322033496noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-58913887529854294112010-03-22T14:16:22.516-05:002010-03-22T14:16:22.516-05:00Do you have something against Russ Roberts and Eco...Do you have something against Russ Roberts and Econtalk?edhttps://www.blogger.com/profile/01150091053740909530noreply@blogger.com