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Thursday, September 18, 2008

Financial chaos FAQ 

By TigerHawk at 9/18/2008 05:08:00 PM


Via Greg Mankiw, here is a very lucid FAQ on the financial market turmoil of the last ten days.


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2 Comments:

By Anonymous Anonymous, at Thu Sep 18, 07:48:00 PM:

Mankiw posted an interesting interview with Allan Blinder and Harrison Hong where Hong gave the analogy of the Japanese asset bubble - trillions of dollars or overvaluated property - that burst in the nineties to our situation.

As a result, there was sort of a "Groundhog Day" aspect to the Japanese economy where, while there was no major disruptions or failures, a daily no-growth economy that muddled along resulted.

Right now, I'd settle for Groundhog Day II.  

By Anonymous Anonymous, at Thu Sep 18, 09:04:00 PM:

Great post.  

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