title, what title?

Here is my model suggestion to GM, if they are bailed out. The Trabant, cheap, efficient, and fair to everyone.

2008 Ekonomi Nobel'i sahibi Paul Krugman dünkü yazisinda hakkinda ilk bilimsel makaleyi yazdigi "Döviz Krizi"'nin gelismekte olan ekonomileri tehtid edebilecegini söylüyordu. Özellikle su kisim Türkiye'nin durumu ile paralellik gösteriyor takip edebildigim kadariyla: "In Russia, for example, banks and corporations rushed to borrow abroad, because dollar interest rates were lower than ruble rates. So while the Russian government was accumulating an impressive hoard of foreign exchange, Russian corporations and banks were running up equally impressive foreign debts. Now their credit lines have been cut off, and they’re in desperate straits." Kisaca doviz depolayan merkez bankasinin aksine ozel sektorun yurtdisindan borclandigini soyluyor. Ayni konuda Türk ekonomist Dani Rodrik blogunda IMF'in gelismekte olan ülkelere bu tehlikelere karsi kredi yardimi yapmasi gerektiginin altini ciziyor. Yine ayni günlerde Türk hükümeti IMF'e salvolar yaparken ...

In my humble opinion in the core of the global credit crisis is the issue of lying and trust. It is not a question of liberalization vs. regulation, it is not a question of capitalism vs. centrally controlled economy. Here is what happened as I see it. Money searchers -entities representing groups of people such as insurance companies, retirement funds, public bodies- were willing to pay money to other people -bankers- who can get them some more money. So these money finders went out looking for people who were willing to give money for something they wanted to have too much -wanna be home owners-. To squeeze money from as many money givers as possible the money finders lied to the money givers, making them make commitments on payments that they could not fulfill in 2, 3 years time. The money finders did not care, since they made their money when they sold these payment commitments to money searchers. They did not even sell money to money seekers, they sold promises to give money. They...

The Paulson plan which aimed to "save the US/Global economy" was a 3 page document. The number 700 billion was based on NO data points. The best brains of the best capitalist economy -Paulson was a long time CEO of Goldman Sachs- chose an arbitrary large number. An ARBITRARY number. With suggestions that the Lehman's toxic assets only can be as large as 400 billion , this number may not be enough. With such bright minds in the leading positions of the government, I cannot understand how people can be lured with the dream of regulated markets. By the way, here is a quotation from a real bright mind about this issue. There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers. Richard Feynman PS: Have a look at this hilarious mock e-mail that explains Paulson plan as one of those mails you receive from t...