Game Theory & Strategic Default Should I stay or should I go now?If I go there will be troubleAnd if I stay it will be doubleSo you gotta let me knowShould I stay or should I go –The Clash, “Should I Stay or Should I Go?” lyrics As more homeowners nationally find themselves “underwater,” i.e.,...Read More
Skill & Hard Work vs. Luck & Good Timing Stock market investors know that there are periods where you can make money practically throwing darts, as well as leaner times when finding winning ideas is much tougher. The latter environment is often referred to as a “stock picker’s market.” So, too, for Realtors the housing...Read More
Limits to “Hair of the Dog” Fix For Sovereign Borrowing Hangover Can you get out of a debt crisis by piling on another layer of debt? The answer, of course, is that “it depends.” Replacing corporate and mortgage debt with a government checkbook is initially beneficial because the sovereign is assumed to be more creditworthy...Read More
