From the ground up
Notes and observations. Diversions and digressions. All done far too infrequently.
Monday, March 10, 2008
Slide by slide into the subprime mortgage slide!
The Subprime Mortgage Mess
explained in pictures.
It's a basic lesson in economics. The slide show posits another lesson, in my humble opinion: don't trust the "
quants
" on Wall Street.
Hat tip:
Greg Mankiw
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