This letter is associated with the following article:
Letters
Friday, August 17, 2007 12:00 AM

Panic on Wall Street

You've heard about the home-loan bust, but do you know your derivatives from your tranches? Read Salon's easy guide to understanding the current market freakout.
By Andrew Leonard

Read other letters about this article

  • Thursday, August 16, 2007 08:47 PM

    Nice Job, Andrew, But Still Metaphors

    1. Interest rates have gone down, over the past month, over the past week. This does not square with the idea that money is scarce. Is the the central bank intervention effect? Maybe it is just too soon to measure? Does not make sense yet.

    2. I learned a little economics when I had to go to summer school at the U. of Michigan in 1972. At that time, I learned, and I wondered why every American does not learn this stuff in junior high. Indeed, why not?

    Americans would be richer and happier if they knew something about economics. Plus, they would have no excuse now.

    —timbuktom Read timbuktom's other letters

    Flag
Read other letters about this article

Most Active Letters Threads

523

The crazy, irrational beliefs of Muslims

Tom Friedman explains the real problem: stupid Muslims think the U.S. is about war and aggression.
Glenn Greenwald Read article
420

The face of rotted Washington

Evan Bayh demands more debt-financed war - fought by others - while boasting that he's a stern "deficit hawk."
Glenn Greenwald Read article
186

Bigotry wins in Switzerland

By voting to ban the construction of minarets, Switzerland apes the most extreme intolerance in the Muslim world
By Juan Cole Read article
130

Facebook, the mean girls and me

At 34 years old, I finally feel like a popular seventh-grader. How sad is that?
By Taffy Brodesser-Akner Read article
103

Polanski moves from jail to ski chalet

The rapist director is granted bail, and one of his most vocal apologists celebrates
Kate Harding Read article

View all »

Letters Help

Currently in Salon