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The uneasiness we’ve heard for months in the voices of some of our mortgage clients has rippled around the world’s financial markets in the past week, and with analysis from the investment banks like the kind that Marc Andreessen revealed in his blog the other day, it’s no wonder. 

While the Fed’s discount rate cut this morning promises to ease the short-term credit crunch,  a welcome shard of clarity from Tyler Cowen this morning (with links to other sound commentary) speaks to the underlying issues in the mortgage arena.    I’m reading his newly published Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Dentist right now, and may well end up at George Mason to do my Economics PhD. thanks to it and his ethnic food guide to the greater DC metro area. Viva la Marginal Revolution!