Crash? A Basic Definition

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Off-site Crash Links, User Submitted

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Tue Jan 6

• The Crash: What Went Wrong (washingtonpos t.com)
• Adaptive Reuse of Crashed Starships: What a fun architectural thought experiment.
• Thailand Tips #16: Traffic Accidents: Traffic accidents - car and motorcycle accidents in Thailand -some advice for what to do.
• Debugging Tools for Windows - Overview
• Beyond Rubinomics
• End of Wall Street: What Happened - WSJ.com: Nicely produced video series about the implosion of Wall Street.
• UK Housing Market Crash and Depression Forecast 2007 to 2012 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website: UK Housing Market Crash and Depression Forecast 2007 to 2012
• FT.com / UK - All eyes on US house prices for indicators of confidence
• Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party - WSJ: "Incentiv es were horribly skewed in the financial sector, with workers reaping rich rewards for making money, but being only lightly penalized for losses, Mr. Rajan argued. That encouraged financial firms to invest in complex products with potentially big payoffs, which could on occasion fail spectacularly. He pointed to "credit-d efault swaps," which act as insurance against bond defaults. He said insurers & others were generating big returns selling these swaps with the appearance of taking on little risk, even though the pain could be immense if defaults actually occurred. Mr. Rajan also argued that because banks were holding a portion of the credit securities they created on their books, if those securities ran into trouble, the banking system itself would be at risk. Banks would lose confidence in one another, he said: "The interbank market could freeze up, & one could well have a full-blown financial crisis." Two years later, that's essentially what happened." ;
• Profiles: Barney's Great Adventure: Reporting & Essays: The New Yorker
• William Langewiesche on the Amazon air crash: About Us: vanityfair.com: How two planes managed to crash head-on seven miles above the Amazon jungle. "Navigati onal precision poses dangers not immediately apparent...Unt il recently, head-on airplanes mistakenly assigned the same altitude and route by Air Traffic Control would almost certainly have passed some distance apart, due to the navigation slop inherent in their systems. But this is no longer true. The problem for the Legacy was that the Boeing coming at them on the same assigned flight path had equipment that was every bit as precise...It was as if in a space the size of the Caiapó village?no, all the way out to the road?you had shot two arrows in opposing directions, and they had collided. What were the odds?"

Mon Jan 5

• Expensive Parking Fail: Out in the middle of a snowy winter day, it seems as if a subaru must have slid down the ice
• The Crash of '29 - Photo Essays - TIME
• The Irish Economy's Rise Was Steep, and the Fall Was Fast - NYTimes.com
• Risk Mismanagement - What Led to the Financial Meltdown - Joe Nocera: Given the calamity that has since occurred, there has been a great deal of talk, even in quant circles, that this widespread institutional reliance on VaR was a terrible mistake. At the very least, the risks that VaR measured did not include the biggest risk of all: the possibility of a financial meltdown.

Off-site Crash Research Links

If you still need additional information on Crash then we suggest the following off-site resources. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.