Watch Maria Bartiromo Sign an Autograph!
What do Andre Agassi, Maria Bartiromo, Austin Beutner, Willie Brown, Tony Pritzker and I all have in common? We represent just a handful of the panelists at the 2010 Milken Institute Global Conference in Beverly Hills.
As your loyal reporter, here is a picture of CNBC Anchor Maria Bartiromo signing autographs at her book signing.
If you'd like to hear what I have to say about climate change, click here to see my Milken Institute session.
There were some economists at the event. I attended a large lunch in which "Dr. Doom" Nouriel Roubini discussed the issues of the day with Big Mike Milken. Roubini didn't say anything interesting but Milken dominated the microphone. I thought that Milken was quite smart but he said some funny stuff.
He claimed we could save 1 trillion $ a year if we lost weight and became the same weight that our parents weighed when they were our age. Could this be true? This sounds like quite an extrapolation off of some linear relationship between health costs and average weight.
He said more interesting things about the conventional 30 year mortgage for homes. He pointed out what a strange contract this is for the lender.
Case A: if interest rates fall, the household refinances
Case B: if the bet turns bad, the household defaults
Case C: if home prices rise, the lender gets paid back but the borrower gets all of the upside.
I couldn't tell if he favors a relationship such as what Caplin and Tracy supported a long time ago in which the bank owns X% of your home and you own 100-X%.
Overall, I enjoyed the Milken Conference but it looked to me that the academics were under-represented at this conference. The share of panelists who have PHDs was probably 9%.
As your loyal reporter, here is a picture of CNBC Anchor Maria Bartiromo signing autographs at her book signing.
If you'd like to hear what I have to say about climate change, click here to see my Milken Institute session.
There were some economists at the event. I attended a large lunch in which "Dr. Doom" Nouriel Roubini discussed the issues of the day with Big Mike Milken. Roubini didn't say anything interesting but Milken dominated the microphone. I thought that Milken was quite smart but he said some funny stuff.
He claimed we could save 1 trillion $ a year if we lost weight and became the same weight that our parents weighed when they were our age. Could this be true? This sounds like quite an extrapolation off of some linear relationship between health costs and average weight.
He said more interesting things about the conventional 30 year mortgage for homes. He pointed out what a strange contract this is for the lender.
Case A: if interest rates fall, the household refinances
Case B: if the bet turns bad, the household defaults
Case C: if home prices rise, the lender gets paid back but the borrower gets all of the upside.
I couldn't tell if he favors a relationship such as what Caplin and Tracy supported a long time ago in which the bank owns X% of your home and you own 100-X%.
Overall, I enjoyed the Milken Conference but it looked to me that the academics were under-represented at this conference. The share of panelists who have PHDs was probably 9%.
posted by Matthew E. Kahn at 3:16 PM
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