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The ice thaws in credit markets
Details here, and that is big news too; update here. Here is The New Yorker on Bob Barr. Kramnik just blew a superior position and now is probably doomed in the match with Anand.
Posted by Tyler Cowen on October 20, 2008 at 01:20 PM in Current Affairs | Permalink
Comments
kramnik blew an even position .... Anand was brilliant throughout and Kramnik perhaps cracked under time pressure. fascinating match .... both brilliant
Posted by: will at Oct 20, 2008 1:40:08 PM
I don't think his position was superior, but the blunder was pretty bad. Even I saw the final position that would arise if Kramnik reclaimed the piece at b7, and I am just a strong amateur.
Posted by: Yancey Ward at Oct 20, 2008 1:45:17 PM
I think no one anticipated that Anand would cause Kramnik to crack this early. But to his credit, Vishy has been playing consistently and quickly (backed by extremely good opening prep) which would put anyone under pressure in a complicated position with little time on the clock.
Posted by: jn at Oct 20, 2008 4:01:09 PM
The day ended even better than that. 3 month bills at 1.11
Posted by: mickslam at Oct 20, 2008 4:09:01 PM
It was really a bad decision for Kramnik to go into the same line again. He has had three or four days to look at the positions whereas Anand has probably been preparing this particular line for months.
Posted by: Road To Serfdom at Oct 20, 2008 7:10:05 PM
Barrticle: "...in the 2004 Presidential election only fifty-nine per cent of them voted for Bush, and between the midterm elections of 2002 and 2006 three million of them drifted away from the Republican Party—a shift that Boaz and Kirby argue “may well have cost Republicans control of Congress.” In this year’s Republican primaries, Ron Paul, the congressman from Texas and a longtime libertarian, earned more than twenty per cent of the vote in Idaho, Washington, Montana, and North Dakota. “His supporters are the equivalent of crabgrass,” Frank Luntz, a Republican strategist, told Time. “It’s not the grass you want, and it spreads faster than the real stuff.” In August, Newt Gingrich warned that if McCain chose as his running mate Senator Joe Lieberman, of Connecticut, Barr would win fifteen per cent of the vote."
I'll take crabgrass. It's persistent, and the definition of a weed is a plant where someone doesn't want it. Try telling the bermudagrass in my flowerbed that it isn't a weed. Anyway, if the Dems have a bunch of asses, crabgrass ain't so bad.
Unfortunately, selecting a libertarian candidate is like Warren Buffett picks stocks. And being a Republican or Democrat is like being Coke or Pepsi.
Posted by: Andrew at Oct 21, 2008 7:32:31 AM
[a href="http://calculatedrisk.blogspot.com/2008/10/libor-continues-to-decline_21.html"]update[/a]
Posted by: meter at Oct 21, 2008 11:44:24 AM
The credit thaw is running down to the wire for me. I guessed about three weeks from the launch of the British package to pretty near normal credit markets. I reckon the about runs out this Friday.
Posted by: David Heigham at Oct 21, 2008 4:04:24 PM
