Other Alpha Sources

I am not sure I buy the story that if China allowed its currency to appreciate all the world’s problems would be brushed away in one clean stroke. But I concur that the appreciation of China’s currency and indeed that of many of the big emerging markets primarily against the USD would certainly help. . . . → Read More: Other Alpha Sources for February 22, 2011

How Should We Respond to a Small Risk of Catastrophe?

I try to remember to pay house insurance premiums. Otherwise, I tend to avoid thinking about small risks of catastrophe. There are plenty of other things to worry about.

This avoidance strategy usually helps me to maintain a positive state of mind until someone manages to ambush me with the thought of how dreadful . . . → Read More: How Should We Respond to a Small Risk of Catastrophe?

The Case for Carbon Tax

Ted Gayer of the Brookings Institution testified before the U.S Senate, discussing the economic benefits of carbon tax over cap-and-trade (link)