Monday, December 01, 2008

The Bear Reports...

Wall Street Woes
Paul Krugman (New York Times columnist, Princeton professor and 2008 Nobel Prize winner) has been making the rounds on network and cable channel news shows. The new edition of Krugman's book, The Return of Depression Economics will be ready for checkout this week; the book intends to explain what it will take to avoid another 1929.

The Michael Lewis book, Liar's Poker (1989) has also caught a wave of renewed interest. Lewis describes his experiences as Salomon Brothers bond trader during 1980's boom years and up to the 1987 crash. Though Lewis has been writing about the sports industry since then, he returns to his Wall Street roots in this month's issue of Portfolio and in his latest $ book, appropriately titled "Panic".

You might also try The Subprime Solution by Robert J. Shiller.