Tag Archives: 2008 Financial Crisis

2008 Financial Crash and All That

So after 2008 we had a huge melt down of the global economy, which only resolute and smart but perhaps not wise intensive care by the US Federal Reserve saved the world from plunging into the return of the 1930s. … Continue reading

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Ranting: Channeling my Inner Steve Carell from the movie “The Big Short”

Some of my posts on this blog, people tell me, who know me and have heard me rant on the insanity of much present day politics, should be heard through the lens of the character Mark Baum, who is played … Continue reading

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Ideas Adjust to the New Facts of Finance by Gillian Tett

Some interesting reflections from Gillian Tett in today’s UK Financial Times: http://www.ft.com/intl/cms/s/0/a5d434b6-6e24-11e3-8dff-00144feabdc0.html?siteedition=intl#axzz2obtyukIr   Eight decades ago, economist John Maynard Keynes reputedly remarked: “When the facts change, I change my mind; what do you do sir?” Investors might do well to … Continue reading

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Presidents George W Bush, and Barack Obama and Ben Bernanke Deserve a Medal

Just reading Alan Blinder’s excellent book on the 2008 financial crisis: ‘After the Music Stopped’ and he comments on how much ignorance there is on the TARP or Troubled Assets Repurchase Program that everyone now thinks threw $700 billion of … Continue reading

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