When the excuse making starts it's generally because you know that it's almost over....listen to what McCain chief operating officer Steve Schmidt had to say this morning in an NPR interview. And most importantly, how he says it.
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3 years ago
Monday, October 13, 2008
Don't Watch the Dow
Brandon Fuller, writing on The Big Money today states the case very well as to why watching the DOW is no way to judge our current economic crisis. He points out that a much better indicator of where we are is the TED Spread (the spread between the three month T Bill rate and the three month LIBOR which is an average of interest rates offered in the London interbank market for 3-month dollar-denominated loans)
Golly Gee Wiz - If It's A Good Enough Source For Sarah, It's A Good Enough Source For Me - Starbuck's Coffee Cup Quote of the Day - You betcha
“The irony of commitment is that it’s deeply liberating – in work, in play, in love. The act frees you from the tyranny of your internal critic, from the fear that likes to dress itself up and parade around as rational hesitation. To commit is to remove your head as the barrier to your life.” ---Anne Morriss Starbucks customer from New York City. She describes herself as an ‘organization builder, restless American citizen, optimist.”
Paul Krugman Wins Nobel Prize in Economics
What wonderful news this morning - Paul Krugman has won this years Nobel Prize in Economics.
I've been a Krugman fan for years and read all of his columns in the New York Times and try to catch all of his TV apprearances. I've even tried to understand his academic papers!
I am not astute enough to fully understand his theories and the complex equations for which he has been honored. But I do know that his theories and those complex equations have made a major contribution to our understanding of global trade patterns. I am proud to be one of his millions of readers.
Sunday, October 12, 2008
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