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newyorker.com - 10/28/2008
The Balance Sheet: Online Only: The New Yorker
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A couple of weeks ago, economist Brad DeLong suggested (at least semi-seriously, I think) that now might be a good time to “take the Social Security Trust Fund balance out of Treasuries and move it into equities.” As he put it, “Buy low, sell high after all. Just saying…” This idea was proposed ...
newyorker.com - 11/3/2008
The Balance Sheet: Online Only: The New Yorker
— newyorker.com — The Nikkei Index has rallied sharply this week (although it was down today). But it’s still near... its twenty-five-year low, and, in nominal terms, its value is less than a fourth of what it was in 1989, at the peak of Japan’s stock-market bubble. In ... (more) The Balance Sheet: Online Only: The New Yorker
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Blog Reactions

Abnormal Returns:  Tuesday links: always a bubble somewhere

The Aleph Blog:  Fifteen More Notes and Comments on the Current Crisis

FT Alphaville:  Further reading

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Blog Reactions

Tuesday links: always a bubble somewhere
Abnormal Returns — ... Time to re-balance Social Security’s portfolio.  (The Balance Sheet) ...

Fifteen More Notes and Comments on the Current Crisis
The Aleph Blog — ... 15) The foolishness that exists today regarding the government buying stakes in financial companies has now transferred itself to policymakers who think the equity market is now cheap, so invest the Social Security surplus in the equity market.  Problems: ...

Further reading
FT Alphaville — ... -bullish stock market reversals connect. - “Take the Social Security Trust Fund balance out of Treasuries and move it into equities.” - Presenting the, err, ...

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