Nassim Nicholas Taleb - Wikipedia, the free encyclopedia: “Nassim Nicholas Taleb (born 1960) (Arabic: نسيم نيقولا نجيب طالب) (alternative spellings of first name: Nessim or Nissim) is a literary essayist, epistemologist, polymath, scholar of randomness and knowledge, researcher, and former practitioner of mathematical finance”
(Via Wikipedia.)
Europe on the brink of currency crisis meltdown
- Telegraph: “The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump.”
(…) Experts fear the mayhem may soon trigger a chain reaction within [...]
The Bank Bailouts Are Very Well Intended, But Where Is All The Money Going To Come From?: “It has been estimated that European government bond issuance will rise to record levels of more than €1,000bn in 2009 – 30 per cent higher than 2008 – as governments seek to stimulate their economies and pay for [...]
National Debt Clock runs out of numbers - Economy in Turmoil- msnbc.com: “A non-digital, improvised dollar sign has been pasted next to the “1.”
(Via Msnbc.)
Patrick Chappatte for the Int’l Herald Tribune
Presentation Zen: Financial crisis simplified (a whiteboard presentation)
Collateralized debt obligations (CDOs) are investment instruments that are partially to blame for the mortgage crisis.
What, you say you don’t know what CDOs are or why they matter? Don’t worry, almost no one does (maybe that’s part of the problem). But [...]
Panic in 1873
The Real Great Depression - ChronicleReview.com
The depression of 1929 is the wrong model for the current economic crisis
By SCOTT REYNOLDS NELSON
As a historian who works on the 19th century, I have been reading my newspaper with a considerable sense of dread. While many commentators on the recent mortgage and banking crisis have drawn [...]
Tag: economy