OK, let me say it again, I have a problem with the 2008 Nobel Prize winning economist Paul Krugman. I am glad that while my economist friend Gary has his Krugman issues, he still links to and thinks Krugman gave a good explanation of what triggers the subprime mess in this Dec 2007 Google Talk.

Enjoy this talk by Obi-Wan Krugman. BTW, you may enjoy the Star War theme introduction.

P.S. Funny (or not so funny) joke by Paul @1:05:15, “We now have fair trade with China. They send us poison toys. We send them fraudulent securities.”