Great Expression…

From Alan Nevin, chief economist for the California Building Industry Association and San Diego-based MarketPointe Realty Advisors: “Now it’s just a matter of the pig going through the snake.”

Papers on the “Credit Crunch”

Some interesting papers have come out on the “Credit Crunch”.

The Coming Collapse of the Middle Class

Here is a great talk by Harvard Professor Elizabeth Warren on the upcoming collapse of the middle class. The first 5 minutes are spent on introducing Professor Warren, so I recommend skipping to roughly 5-6 minutes into the video. She gives a very, very interesting comparison of the changing socio-economic factors between 1970-2007. The talk was given on the 8th March, 2007 at Berkeley.

The Olympic Flame

So, on Sunday I was lying on the couch reading when I heard this commotion from Oxford Street. I jumped up and went out onto the balcony – just in time to see the Olympic Flame go past! It was driven past on an open top bus, held upright by this girl in a track-suit.