Developing Affordable Housing Ecosystems World Wide
“None shall pass …”
In Scandinavian literature, trolls live under bridges, preying upon those who have to pass. For this story, bridges make a good metaphor – everyone has to use the bridge to cross the river, and everyone is happier to be on the other side; meanwhile, the troll lurks below, having done nothing to [...]
[Continued from yesterday's Part 2 and the previous Part 1.]
So far we’ve seen that almost everybody is wrong about what the financial crisis is …
1. Not an asset bubble … a systematic under-pricing of risk.
2. Not caused by subprime lending … although that was the miner’s canary.
3. Not principally about the GSEs … because other financial institutions [...]
[Continued from yesterday's Part 1.]
Yesterday we knocked off a handful of things the credit crisis wasn’t:
1. Not an asset bubble … a systematic under-pricing of risk.
2. Not caused by subprime lending … although that was the miner’s canary.
3. Not principally about the GSEs … because other financial institutions are in much worse shape
4. Not just [...]
Abandon all logic, ye who write about the financial crisis
So far a lot of nonsense has been written – mostly in the popular rather than professional press – about what the financial crisis is. In fact, the Panic of 2008 is a global repricing of risk, the hangover from a decade of binge financial risk-taking [...]
What’s the best way to manage a home’s indoor climate?
As I type this blog post, our house’s fan is running behind me, circulating air – and directly in front of me is a lovely bank of fifteen-light windows through which I can see our back garden.
Why don’t I just turn off the fan and [...]
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