What do you do when flood waters threaten the dam? If you’re the Federal Reserve, you close the floodgates and let the water rise.
Metaphors have an uncanny ability to capture the essence of complex situations. Here is one dam metaphor that dist…
What do you do when flood waters threaten the dam? If you’re the Federal Reserve, you close the floodgates and let the water rise.
Metaphors have an uncanny ability to capture the essence of complex situations. Here is one dam metaphor that dist…
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This is a seminar given at MIT by Eric Rosenfeld, one of the founders of LTCM. One of his fraternity brothers tells me he used to simply gamble all day and then, when exam season hit, he would drug up the wazoo and study for about five days strai…
someone’s gotta be wondering. If any of the PIIGS sovereign debt got drubbed today like little Timmy’s Treasuries got slapped down today… would anyone be buying their stock market here? No frickin way. There’d be blood in the streets.
and let me …