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Buzz
11-27-2010, 10:16 PM
The absolutely best essay I've seen on the financial crisis and the economic downturn that followed. Great reading for anyone who thinks those left leaning economists just loves themselves some Obama socialist in chief.

The way the essay is posted, there is no way I can quote excerpts and post them here, all I can do is provide a link. Hope at least one person enjoys reading it half as much as I did. Kind of amazing that a $500 billion loss in mortgages turned into a $20 trillion dollar devaluation in global financial assets.


http://delong.typepad.com/sdj/2010/11/battered-but-not-beaten.html

david gibson
11-27-2010, 10:24 PM
The absolutely best essay I've seen on the financial crisis and the economic downturn that followed. Great reading for anyone who thinks those left leaning economists just loves themselves some Obama socialist in chief.

The way the essay is posted, there is no way I can quote excerpts and post them here, all I can do is provide a link. Hope at least one person enjoys reading it half as much as I did.


http://delong.typepad.com/sdj/2010/11/battered-but-not-beaten.html

i might be interested if Avast security hadnt given an immediate warning of a trojan horse on that link as soon as it began to load.

Buzz
11-27-2010, 10:40 PM
That page has a document viewer application of some kind. Here is a PDF instead.


http://delong.typepad.com/20101029-battered-and-beaten.pdf

david gibson
11-28-2010, 09:58 AM
That page has a document viewer application of some kind. Here is a PDF instead.


http://delong.typepad.com/20101029-battered-and-beaten.pdf

hmmm...sorry, cant trust a lib like you anymore. you probably just found a way to disguise the virus more cleverly so even Avast wont catch it.... ;-)

depittydawg
11-28-2010, 11:08 AM
The absolutely best essay I've seen on the financial crisis and the economic downturn that followed. Great reading for anyone who thinks those left leaning economists just loves themselves some Obama socialist in chief.

The way the essay is posted, there is no way I can quote excerpts and post them here, all I can do is provide a link. Hope at least one person enjoys reading it half as much as I did. Kind of amazing that a $500 billion loss in mortgages turned into a $20 trillion dollar devaluation in global financial assets.


http://delong.typepad.com/sdj/2010/11/battered-but-not-beaten.html

A long read. And a very good analysis of the wrong handed reasoning that led to this crisis, and has continued throughout it. To make matters worse, from the results of the last election cycle, Americans seem to be saying, we like this, give us more!

david gibson
11-28-2010, 12:17 PM
A long read. And a very good analysis of the wrong handed reasoning that led to this crisis, and has continued throughout it. To make matters worse, from the results of the last election cycle, Americans seem to be saying, we like this, give us more!

what? no bush blaming and bashing? obviously not a credible article then:rolleyes: