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From an article comparing what Obama has done to what McCain might have done, an insightful (and factual rather than speculative gem): The dirty little secret that many people don’t realize is that monetary policy, not fiscal policy, has been much more aggressive in addressing the current crisis. In fact, trillions of dollars more aggressive. [...] A financial adviser on selling during a market decline: “They know that in hindsight, it wasn’t the best thing to do,” Mr. Hail said. “But it was what they had to do emotionally. Math and the mind don’t always add up.” via Many Bought Shares High, Sold Low – WSJ.com. Alternatively: [...] Witness the birth of Google, the business giant: Veach and Kamangar argued that all the ad slots should be auctioned off. In search, Google had already used scale, power, and clever algorithms to change the way people accessed information. By turning over its sales process entirely to an auction-based system, the company could similarly upend [...] Richard Posner (who literally wrote the textbook on law and economics) replied to Alan Greenspan’s defense of his actions as fed chairman (his not taking action to burst the bubble). As I have read it, the debate centers on whether short term rates that the fed controls (the fed funds rate) can influence long-term interest [...] Banking Reform Summary of the above link: The banking system should be remade in the image of Limited Purpose Banking (LPB). LPB advocates modeling the entire banking industry after the mutual fund industry. Banks would manage these funds for a fee, but only consumers and investors would own shares in them. For example, [...] Whenever we had a long discussion/disagreement in my Financial Management class, the professor, Dr. Joel Houston, always said something along the lines of “There is no right answer for every situation, learn to love it – that’s job security.” Much of what Financial Analysts do is made up. That’s not to say that they are [...] The more things change, the more they are the same. In a drought, the river may dry up, but the lay of the land stays the same. When the rain returns, the waters will flow the same way. The structure of the Finance industry (the lay of the land created by laws, technology, [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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