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.”
The End Of The World
Dixit George Soros and Paul Volcker.
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.
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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