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Reading List
March 23, 2008 (Daniel Gross - Washington Post)
Welcome to the first installment of Reading List, in which Slate writers discuss the books, articles and Web sites they're reading about the subject that interests them most. The weekly column will appear in both Outlook and Slate.
For connoisseurs of financial folly, commercial irrationality and general fiscal inanity, these past several weeks have been an all-you-can-eat buffet. In New York, the implosion of Bear Stearns and the serial failure of billion-dollar hedge funds have induced a combination of schadenfreude ( I knew those guys never deserved their big salaries) and foreboding ( What will this do to the price of that co-op I just bought?). And across the country, the bursting of the real estate and housing-credit bubble is wreaking havoc on personal balance sheets.
So what is this self-proclaimed expert on bubbles and their aftermath reading to keep up?
For starters, see the article The Next Bubble in the February issue of Harper's magazine by Eric Janszen, a former venture capitalist and founder of iTulip.com, on how "the bubble cycle has replaced the business cycle". It's literate, smart and accessible -- the sort of article that every issue of Harper's, alas, contains only one of. more...
March 23, 2008 (Daniel Gross - Washington Post)
Welcome to the first installment of Reading List, in which Slate writers discuss the books, articles and Web sites they're reading about the subject that interests them most. The weekly column will appear in both Outlook and Slate.
For connoisseurs of financial folly, commercial irrationality and general fiscal inanity, these past several weeks have been an all-you-can-eat buffet. In New York, the implosion of Bear Stearns and the serial failure of billion-dollar hedge funds have induced a combination of schadenfreude ( I knew those guys never deserved their big salaries) and foreboding ( What will this do to the price of that co-op I just bought?). And across the country, the bursting of the real estate and housing-credit bubble is wreaking havoc on personal balance sheets.
So what is this self-proclaimed expert on bubbles and their aftermath reading to keep up?
For starters, see the article The Next Bubble in the February issue of Harper's magazine by Eric Janszen, a former venture capitalist and founder of iTulip.com, on how "the bubble cycle has replaced the business cycle". It's literate, smart and accessible -- the sort of article that every issue of Harper's, alas, contains only one of. more...