weekly Antidote de Jour
( inspired by Yves Smith,
she does it daily in her link section )
"the economist most responsible for causing the Global Financial Crisis",über 7500 Personen (sehr viele Ökonomen darunter) stimmten ab mit erfrischend witzigen Ergebnissen
The object is to select and award the three economists who first and most clearly anticipated and gave public warning of the Global Financial Collapse (GFC) and whose work is most likely to prevent another GFC in the future.
Given that my audience included academic economists–from PhD students to Professors of some note–I went into more depth on the modelling I have done of Minsky’s Financial Instability Hypothesis than I normally do in public talks. The discussion I had afterwards is also recorded, which is why the video is so lengthy.
Such a ban could prevent ratings from being published at “inappropriate moments” that could have negative effects on the financial stability of nations as well as on the global economy, the proposal states, according to the German newspaper." Next up: ban on anonymous blogs whose disclosure of the truth could have "negative effects on the financial stability of nations as well as on the global economy...Full FTD report here.
Read it before it has been "filtered" by Europe's commission on truth sterilization.
"if truth hurts, render it illegal" Always works - NOT!
We recommend shorting the hell out of anything European you can get your hands on that is still legal to be shorted. Censor that, bitchez!Next up: every moment is inappropriate.
Much of this speech comes from outside EU jurisidctionSo, ban EU newspapers from printing the belated speech? That's going to work well when in the presence of the Internet ...
Tyler, If they do I hope you're going to set up your own online Credit Rating Agency
Selling is only a symptom...Ban Math.
BE Brilliant plan. Just brilliant.TT hah…that is some punchline – great comedy line
Da Schuldner und nicht Investoren die größte Einnahmequelle der Agenturen darstellen, liegt hier die Gefahr eines Interessenkonfliktes nahe: Drohende Herabstufungen könnten zu Streitigkeiten oder gar einem Verlust der Gebühren zahlenden Schuldner durch Wechsel der Agentur führen. Deshalb wird oft kritisiert, dass Rating-Agenturen nicht unabhängig sein können.
About $53 trillion, or 71 percent, were within Bank of America NA
FDIC is not amused ....