Knowledge of economic history has helped policy makers make the right decisions in the wake of the financial crisis, George Akerlof, author of ‘Animal Spirits’ and Nobel Laureate, told CNBC Thursday.
CNBC Europe: Fri. Oct. 30 2009 | 4:25 AM ET
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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November 2nd, 2009 at 9:18 am
We are what we repeatedly do. —Aristotle (384 BC – 322 BC)
Learning from Past Mistakes
Mistakes? WTF are those?
the more I hear from Clowns like this dude, the more I think “Nobel Laureate”= ‘has partaken in un-Natural Acts’..
November 3rd, 2009 at 7:55 pm
Makes you wonder dosn’t it.:)