I seem to recall some wise person telling me as a child: If it sounds too good to be true, it is. Maybe our “bailouts” and “economic stimulus” ideas don’t sound very good to you… but the whole thing reminds me of an adage that I have come to believe after years of working toContinue reading “Lose Weight by Eating More Doughnuts”
Tag Archives: Mortgage derivatives
President Bush is Going to Do Something About the Economy
Ever wondered what a “Credit Default Swap” is? Clark & Dawes from Australia explain… I guess they gave up on trying to do President Bush’s accent.
A Laughable Economic Situation
Here’s a remarkably simple analysis of how things got to where they are… from a pair of British comics. (Update: the original video was taken down. The video below may not be precisely the same clip. – David) As this was produced in 2007, it’s become remarkably prophetic! Hat tip: Sara Hand.