Tag Archives: US economy
Socialism is a an addiction.
“U.S. companies, consumers and communities may grow so addicted to government financial help that cutting them off could trigger another recession soon after the current one ends.”
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End of the Recession in 2009?
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The End Of The World
Dixit George Soros and Paul Volcker.
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An $800 Billion Mistake
The president emeritus of the National Bureau of Economic Research in the Wash Post.
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Alan Greenspan
… is blamed for Wall Street’s overuse of derivatives.
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ALAN GREENSPAN: “I still believe there is a greater than 50 per cent probability of recession.”
Via Fortune, the Financial Times
InTrade:
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Kudos to Caveat Bettor for being prescient on this event derivative market.
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No recession?
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The plunge:
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We will never have a perfect model of risk. — by Alan Greenspan
Alan Greenspan:
The most credible explanation of why risk management based on state-of-the-art statistical models can perform so poorly is that the underlying data used to estimate a model’s structure are drawn generally from both periods of euphoria and periods of fear, that is, from regimes with importantly different dynamics.
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FOLLOW UP
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The US economy is now in recession.
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Wall Street Journal
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