juillet 23, 2005

What is a bubble and is this one now?

Pour ceux qui comme notre famille s'interrogent sur le marché immbilier de Paris en 2005.

Many of those discussing the possibility of a housing market bubble seem to be taking Justice Potter Stewart's position on pornography-- they haven't defined a bubble, but they think they know it when they see it. Maybe it's useful to take a look at a formal characterization of the concept of a speculative bubble, and see how well it seems to fit the facts of the current situation. Econbrowser: What is a bubble and is this one now?
Posté par Jean-Philippe Papillon, Permalink | Commentaires (0)

juillet 03, 2005

Lecture pour premier anniversaire de marriage

Studying marriage over the last several years has been a lot like adjusting to marriage itself. No matter how well you think you know your partner beforehand, the first years are full of surprises, not only about your spouse but also about yourself.

The Chronicle: 5/6/2005: The New Fragility of Marriage, for Better or for Worse

Posté par Jean-Philippe Papillon, Permalink