This is amusing: If you read his book, you find that his solution to the problem of economic co-ordination in the absence of a price mechanism is “the allocation of resources [that] is largely the outcome of discussion between producers, consumers and other affected groups, but within the framework of overall decisions about economic priorities made […]
How to be an anti-Semitic creep: guyco Feb 24, 2009 4:36 PM GMT the case of Stanford story has been carefully selected by the Goldsteins to dilute the Madoff story and its cultural fallout. What an asshole.
What I like about the recent $50 billion Ponzi scheme, other than the opportunity to make puns, is what it reveals about the due diligence of the rich and stupid. From a Wall Street Journal article: Membership rosters at a number of Florida country clubs could be particularly hard hit by Mr. Madoff’s alleged scheme, including Boca Rio Golf […]
Seems like some of the information released here could have been announced at this time. I’m sure essentially being called a liar (“I don’t understand how you can say you feel comfortable with your capital position, and yet you say you can’t give us any idea what the number is,” he said. “At this point, […]
I like to browse the daily market news each morning, even those with no direct bearing on my job. The chart above of crude oil futures is courtesy of the WSJ. It makes me larf, recalling the solemn prognostications of professional oil analysts that $150 oil was here to stay, and $200 oil was almost […]
Does anybody care about Collateralized Debt Obligations and the assorted financial instruments which are rocking our financial world? No? Too bad, because here is as cogent an explanation of the concepts behind them that I have yet read.
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