Reading: Refis, Volcker, Economists, etc.
Paul Kedrosky's Infectious Greed —
Some evening/morning reading worth scanning: Why almost no-one got the current crisis. And why a few did. (FT) Dividend cuts fastest since 1950s in U.S. (Bloomberg) Fed risks spitting in wind with new bailout package (Bloomberg) There is no financial services sector. What do we do now? (FT) Volcker tapped for Obama economic advisory role (WSJ) Fed aid sets off a rush to refinance (WSJ) Why fairly valued stock markets are an opportunity (FT) ...
Pink Picks
FT Alphaville —
Comment and analysis from the FT on Wednesday , Analysis: The vision thing Chris Giles on that question from Queen Elizabeth: “Why did no one see it coming?” ...
Why Did Forecasters Missed the Crisis?
Economist's View —
...
The vision thing, by Chris Giles, Commentary, Financial Times: It has been a
bad year for economic forecasters. So bad that royalty wants to know what went
wrong. “Why did no one see it coming?” Britain’s Queen Elizabeth asked during a
visit to the London School of Economics this month. ... ...

