You have arrived at the web home of Noah Brier. This is mostly an archive of over a decade of blogging and other writing. You can read more about me or get in touch. If you want more recent writing of mine, most of that is at my BrXnd marketing x AI newsletter and Why Is This Interesting?, a daily email for the intellectually omnivorous.

August, 2009

Excessive Caution

Financial crisis caused by excess of overcaution?
Felix Salmon offers a take on the financial crisis I hadn't heard (or thought of) before:
One of the themes of my talk was that it wasn't an excess of greed and speculation which led to the financial crisis, but rather an excess of overcaution, with an attendant surge in demand for triple-A-rated bonds. Investors didn't want risk, and investment banks made billions of dollars, during the boom, by waving their magic securitization wands and seemingly making that risk disappear.
As usual, I don't really know enough about this stuff to comment with any sort of intelligence, but it's an interesting angle.
August 27, 2009
Noah Brier | Thanks for reading. | Don't fake the funk on a nasty dunk.