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2 thoughts on “The Quants in the NY Times

  1. Vanity Fair has a neat write-up on Iceland…maybe it is a foreshadowing of things to come in the US..getting walloped by debt.

    Anyways what I came away with was that Icelanders were essentially too smart for their own good (Government paid education for Phd’s and such)…no one wanted to fish or smelt anymore…so in a 5 year stretch they became financial engineers and obviously that blew up.

  2. Yea nordic paper dragons, i feel happy that although our country is neck deep in debt that we have a central banker that is not a poet by profession… 🙂

    Rergarding the market i presume there will be a sucker rally on stocks every time before monthly issuance of statistical & financial data.

    BTW i don’t know how the general market can get hooked on this example of blatant lie:

    “U.S. stocks rose about 5 percent on Tuesday after Citigroup (NYSE:C – News) said it was profitable in the first two months of 2009 and a key lawmaker said he expects the restoration of a rule that makes it harder to bet that a share’s price will fall. in the first two months of 2009 and a key lawmaker said he expects the restoration of a rule that makes it harder to bet that a share’s price will fall.”

    Can anyone tell me how can they be profitable (i actually know how they are profitable, BAILOUT money) and at the same time have a CDS hemorage of > 300 billion. They have a black hole the size of the galaxy.. and so other big banks.

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