http://www.youtube.com/watch?v=bREgcLhTHI0
Seemed appropriate at this economic juncture.
Category Archives: Economic
GDP Revision
According to today’s report on MarketWatch.com:
The U.S. economy contracted in the fourth quarter of 2007, the first quarter of negative growth since the 2001 recession, the Commerce Department said Thursday in its annual revision to gross domestic product.
Real GDP fell 0.2% in the quarter; a 0.6% increase had previously been reported. Many economists who [...]
Neuroeconomics
The concept of delayed gratification is that we succeed in life when we put off what’s immediately most pleasing and sacrifice for a better tomorrow. The Marshmallow Experiment has shown those who learn to master the habit of delayed gratification are the ones who increase their chances for a more productive and enjoyable life.
Makes sense, [...]
Recession: The Movie
http://www.youtube.com/watch?v=x4OOCReeLWo
Now playing everywhere.
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CNNMoney.com: Bear scare on Wall Street
Briefing.com: Weekly Wrap
The Vanguard Group: Economic Week in Review
InvestmentNews: Not your average bear market
Bernanke on Economic Shrinkage
It seems that just recently, Ben Bernanke, the Fed Chief, was asked about the risk of shrinkage in the economy. As reported by Mr. Bernanke in this Fortune.com article:
“The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so,” Bernanke said this week at a conference [...]
Bernanke Seeks More Power
MarketWatch.com reports today that the Fed chief, Ben Bernanke, is seeking more power to oversee investment banks. According to an excerpt from that article:
WASHINGTON (MarketWatch) — The Federal Reserve should have a much larger role in supervising investment banks to prevent and limit financial market turmoil, Federal Reserve Chairman Ben Bernanke said Tuesday, endorsing an [...]