So, with all these bailouts, the fiscal crisis must be licked, no?
Gary North (subscribers only), an economist and historian, pointed out that the bailouts have not worked. This is not just his opinion, but the opinion of the American public Nearly two-thirds of Americans do not believe the $787 billion stimulus package the president passed last year has helped create jobs, according to a new Pew Research [...]
Book Notes – Liar’s Poker
Cover via Amazon Michael Lewis, freshly graduated with a Master’s degree in economics from LSU, got a job working for investment bank Salomon Brothers in 1984 (how he got the job is a story to itself; as encouragement to read this witty book, I’ll just tell you it involves the late Queen Mother). Salomon Brothers [...]
$700 billion is nothing
Woah.
Sub-prime and financial meltdown explained
A highly respectable and knowledgable British invesment banker is interviewed by another highly respectable British interviewer to give you the basics of the recent upheavals in the financial markets. Short, sweet, brilliantly funny. Hat-tip to Tim Ferriss for the video. Ferriss, author of the phenomenal book The Four-Hour Workweek, uses this video to head the [...]
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