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From User: Rattle

Current Topic: Economics

Nobel economist Milton Friedman dead at 94 - Nov. 16, 2006
Topic: Economics 4:25 am EST, Nov 17, 2006

Milton Friedman, the Nobel-prize winning economist who helped shape and define free-market economic theory, died Thursday at the age of 94 in San Francisco.

We owe much to Friedman. Time sucks.

Nobel economist Milton Friedman dead at 94 - Nov. 16, 2006


The World is Flat: An Hour With Thomas Friedman | MIT World
Topic: Economics 12:17 pm EDT, May 31, 2005

Thomas Friedman spends an hour talking to MIT about his new book. Watch streaming video of the May 16 event.

I haven't watched this yet but I'm memeing anyway. I'll probably watch it tonight. Friedman's recent Wired Article was excellent.

The World is Flat: An Hour With Thomas Friedman | MIT World


Many Buyers Opt for Risky Mortgages
Topic: Economics 11:12 pm EDT, May 28, 2005

] More than a third of the mortgages written in the
] Washington area this year are a risky new kind of loan
] that lets borrowers pay back only the interest, delaying
] for years repayment of any loan principal. Economists
] warn that the new loans are essentially a gamble that
] home prices will continue to rise at a brisk pace,
] allowing the borrower to either sell the home at a profit
] or refinance before the principal payments come due.

] The loans are attractive because their initial monthly
] payments are tantalizingly low -- about $1,367 a month
] for a $320,000 mortgage, compared with about $1,842 a
] month for a traditional 30-year, fixed-rate loan. If home
] prices fall, though, borrowers could lose big.

All those expensive ass houses everywhere that seem to have cropped up like weeds in the last few years despite the serious lack of an economic boom. Yeah. Those people are fucking doomed. There is a reason you don't own one. You're not an idiot.

Many Buyers Opt for Risky Mortgages


Wired News: Not So Quiet on Tech Job Front
Topic: Economics 9:09 am EDT, Oct 21, 2003

] SAN FRANCISCO -- Tech job postings on two popular online
] employment sites have increased sharply, a sign that the
] long moribund job market may finally be turning around.
]
] Craigslist tech job postings in the San Francisco Bay
] Area have doubled from a year ago and are up 50 percent
] from six months ago, said CEO Jim Buckmaster. Activity
] has particularly picked up in the past four weeks, he
] said.

Wow...

Wired News: Not So Quiet on Tech Job Front


Economist predicts recession, partly linked to SARS - Apr. 2, 2003
Topic: Economics 8:29 pm EST, Apr  2, 2003

] One of Wall Street's leading economists is predicting a
] global recession this year, prompted in large part by
] fears surrounding Severe Acute Respiratory Syndrome
] (SARS), the "mystery illness" with cold-like symptoms
] that is blamed for 78 deaths in 15 countries, CNNfn has
] learned.
]
] Morgan Stanley's chief economist in the United States,
] Stephen Roach, will formally advise clients Friday that
] he's forecasting a world recession in 2003. His previous
] forecast was for an annual growth rate of 2.5 percent.

A long, tough war causes moderate Islamists to join radicals, Russians to renew their distrust of the west (anyone else notice they are moving their navy into the Arabic Sea?), increasingly common terrorist incidents, instablility in the UN and NATO systems... Throw in a plauge... Decreased travel, deaths...

Uncertainty.

Prolonged uncertainty keeps money in shoe boxes.

No new investment means no new jobs, which cuts consumer spending. Uncertainty becomes self fulfilling... Weakness... Depression... Poverty...

Economist predicts recession, partly linked to SARS - Apr. 2, 2003


 
 
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