Category: Economy
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Russia, economy, One.
Western governments are spluttering with indignation following Russia’s invasion of Ukraine’s Crimean peninsula – but in an economically interconnected world, spluttering may be their only response. US President Barack Obama promised “consequences”, and European Union foreign ministers rushed to emergency meetings. “But there’s nothing we can do,” says Keir Giles of Chatham House, an international […]
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Economics, predictions, “predictions”…
Predicting how stock prices will rise or fall, everybody knows, is worth a fortune. Understanding the predictability of stock prices, too, can net you a pretty rich dividend, as Eugene Fama, Lars Peter Hansen, and Robert Schiller can tell you this morning. The three have together won the 2013 Sveriges Riksbank Prize in Economic Sizes […]
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US shutdown. Their finest hour.
US government shutdown, because congress has failed to pass a spending bill. (1) What makes US great are its great failures. Failures she is not ashamed to show to the whole world.
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Knowledge is NOT power… (or: 知識は力ではありません) 🙂
Taro Aso said that bankers in Japan had not been able to understand the complex financial instruments that were the undoing of major global players in the 2008 crisis, so had not bought them. “Many people fell prey to the dubious products, or so-called subprime loans. Japanese banks were not so much attracted to these products, […]
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