Monthly Archives: January 2011

Four points against the conventional wisdom

1. Eurozone breakup is bullish. The conventional wisdom sees eurozone breakup as calamitous. This view has even been supported by scholars who should know better. In my private discussions with “2nd tier” scholars (i.e. people well below the radar), our … Continue reading

Posted in Uncategorized | 1 Comment

Reconsidering the American strip mall

This image and the text that follows are taken from Erik Hancock’s proposal to the Terreform ONE┬ádesign competition for creating productive green space in cities, sponsored by the City of New York Parks and Recreation office and the American Society … Continue reading

Posted in Uncategorized | Leave a comment

Risk of unilateral default/devaluation (crude but intriguing)

Indicator Change between 2009 and 2010, % row variable proxy Greece Ireland Italy Portugal Spain a Growth outlook real-effective exchange rate* -0.3 -6.9 -3.6 -2.5 -2.7 b Primary budget primary budget/GDP** 6.3 -2.0 0.1 2.0 2.4 c Continent liabilities house … Continue reading

Posted in Uncategorized | Leave a comment