BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program
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6'2", according to this post of hers: http://www.janegalt.net/blog/archives/005134.html
thaz 4 standard deviations above the female norm. around 1 out of 32,000 women assume gaussian....
She did also say that she's 4 standard deviations above the average female height, in response to reports of a research paper that found a positive correlation between height and IQ.
Sorry, I don't know how tall Ms. McArdle is.
But I am glad that the case of Canada enters the debate, at last. Now as in 1929, it is the only (or one of the very few) country not to have a banking crisis.
It didn't have a central bank in '29, but it has one now.
So, what is it that keeps us Canadians outside the storm? I think those who genuinely search for a solution to the banking crisis problem should at last have a story about the case of Canada.
Tyler Cowen had post about the Cayman Island banks also avoiding crisis.
http://www.marginalrevolution.com/marginalrevolution/2008/10/how-are-the-cay.html
I wouldn't be so quick to accept the claim that the Canadian banks are actually OK. Remember, the same claim being made 6 months ago about banks around the world.
I saw Megan McArdle once on a Blogginheads, and I thought she was 10 feet tall.
Yancey;
the thing is: even if Canadian banks started to fail now, they would do so with a three month lag to American and European banks. Why?
Francis,
You seem to have some belief that banks fail at the moment they become insolvent. This is not the case- insolvency can be hidden for quite a while, especially the more deeply entwined a banking system is with the government. However, I would also point out that the Canadian banks may very well be more deeply damaged by the commodity bust than by the housing bust, and the commodity bust is a much more recent event.
Yancey;
What you write are good hypothesis. Yet they are not answers. I believe that if someone wants to understand what went so wrong and how it can be avoided, perhaps that investigation is worthwhile. Even if it turns out that Canadian Banks were as rotten as the others.