Monday, January 28, 2008

New On The Blogroll
M.J. Perry's "Carpe Diem" blog. Excellent economics. The site comes to me courtesy of Lycurgus whose recommendations seem to pan out pretty well. Read. Learn. I would be an autodidact if I worked a little harder at it.
A particular case in point, with all the yammering about the subprime lending "crisis" (it's not a crisis - it's a problem certainly but given it's fractional percentage of the market, it is not a crisis), and all the massive writedowns that financial institutions have taken, would you imagine that every major U.S. bank was profitable last year. The press is lying to you. That's the beauty of the blogosphere.

No comments: