A few small good things

L. had a Moon Festival dance recital today (late in calendar time), but boy oh boy were they cute.

I am going to teach a course on financial crises. I don’t know too much, but I guess I will soon enough. There are some nice papers from the St. Louis Fed web site describing what happened. The Federal Reserve Bank of St. Louis Review

Bubbles are a tricky thing. Ex-poste it‘s easy may be possible to tell. Ex-ante, much harder. But maybe we can do better in the future.

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