9/ If anyone from NYC wants to head to PA on Tuesday, let me know and we can coordinate on the same bus (or even carpool). Let's do this!.

8/ PS. If you can't canvass consider phone banking. It's surprisingly easy: you do it from home on the computer and they automate the dialing. You're just calling likely supporters, and are largely providing key info on where and how to vote, which really helps. Try it out!.

7/ So please, commit to volunteer *right now*. If you believe that welcoming back someone who tried to stay in power after losing a free and fair election is absolutely unacceptable, go to KamalaHarris dot com and click the "volunteer" tab. Thanks for reading and LET'S GO!.

6/ This is ex ante the closest election in history and your efforts have literally never mattered more. Canvassing is one of the few things that empirically makes a difference. You can do it any day through the election but the big one is *Tuesday* when nudges matter the most.

5/ In fact, it's very inspiring to talk to people excited to go vote, and it's super fun teaming up with other volunteers who are pumped up and ready to help. If nothing else you will feel MUCH better having done something rather than sitting home and doomscrolling.

4/ I know it can feel daunting to knock on doors (I always feel it right before the first one) but once you start that feeling goes away fast. I am not the most extroverted person and if I can do it, you can do it.

3/ If you are nervous about knocking on doors, don't be. You basically only knock on doors of voters *already* on your side, so they are usually happy to see you. Mostly what people need is info on where/when/how to vote (which you have) so it's easy to make a real difference.

2/ The best is knocking on doors. I took my kids canvassing last weekend and we had a blast. The campaign will fully train you and put you on a team. It's super organized and you can sign up last minute. If you aren't in a swing state there are many free buses returning same day.

My one and only election post. For anyone who cares deeply about the outcome of this election, I urge you to not just vote but VOLUNTEER. It is easy to do, makes a real difference, and is surprisingly fun. If you have never done it before now is the PERFECT time to start. 🧵.

RT @nberpubs: Banks facing losses on their securities portfolios cut lending to firms, but mainly when those losses tighten their capital r….

RT @HannoLustig: Wealth inequality increases when r declines👇.

RT @HannoLustig: The key driver of this tight relation between inequality and r is the fact that the wealthiest households have much durati….

Talented students interested in working with @arpitrage and myself on research in economics and household finance, please apply!.

RT @arpitrage: Hiring a predoc with @ProfGreenwald at NYU Stern to work on real estate and finance. Apply here! . .

RT @nberpubs: Race prediction algorithms, which are widely used by regulators, have high and problematic errors in the small business lendi….

RT @AlexiSavov: My @NYUStern colleagues and I have put together an e-book "SVB and Beyond: The Banking Stress of 2023." It brings together….

RT @AlexiSavov: Re bank accounting and unrealized losses:. 1. As many have noted, banks are sitting on big unrealized losses on loans and s….

RT @AlexiSavov: SVB got in trouble for investing in MBS. It’s certainly not alone in doing so. Why do banks invest in assets like MBS in….

For teaching the CAPM I'd like to show an example of two similar companies (i.e., similar asset betas) with very different equity betas due to leverage. Anyone know a good example off the top of their heads? Thanks in advance.

Python code and data are posted in this github repo:.