some links to ponder
Japanese economists think maybe US Treasury should issue some bonds in yen - takes out some of the uncertainty, just in case the dollar were to slip a bit...
Fed capitulates - the new buzzword is "quantitative easing" - or "going fiscal" as they say.
Systemic Risk - trade and contagion - it is not just Iceland who can't get their dry goods shipped - letters of credit are not being accepted and trade is halting. Back to barter for everyone.
Liquidity Lift for Student Loans - DoE to purchase student loans back to 2003 to try to keep market liquid.
Maybe a miracle will happen...
More like this
Something quite unexpected happened to me: I managed to pay off a student loan nearly a year before I go up for tenure! Who'd have thunk it?
Here's the letter they sent me, with a bit of reading between the lines:
Dear Janet,
There is at least a little bit of interesting bath math
to learn from in the whole financial mess going on now. A couple
of commenters beat me to it, but I'll go ahead and write about
it anyway.