And the Pursuit of Happiness - January 12th, 2009 [entries|archive|friends|userinfo]
Евгений Вассерштром

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January 12th, 2009

[Jan. 12th, 2009|12:06 am]
Frank Rich writes in NYT:
...another $50 billion rip-off. This time the vanished loot belonged to American taxpayers. That was our collective contribution to the $117 billion spent (as of mid-2008) on Iraq reconstruction — a sinkhole of corruption, cronyism, incompetence and outright theft that epitomized Bush management at home and abroad.


In 2001 we were scared into giving a blank check to the government for its war on terror. In 2008-09 we are being scared into giving a blank check to the government for the war on depression.

To tell you the truth, I am really afraid that the results of both these wars will be largely the same: government waste and corruption.
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[Jan. 12th, 2009|05:56 pm]
The Recession in Perspective, by the Minneapolis Fed ( via marginalrevolution.com)

http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/index.cfm





sure looks like the worst recession during my years in the us.
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хайку. Кобаяши Исса. Kobayashi Issa. [Jan. 12th, 2009|07:39 pm]
畠中にのさばり立る桜哉
hata naka ni nosabari tateru sakura kana

lording over
the farm field...
a cherry tree in bloom

translated by David Lanoue


надменно
над крестьянским полем...
сакура в цвету
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[Jan. 12th, 2009|08:29 pm]
Вдогонку графикам: http://watertank.livejournal.com/1148110.html

Интересно получается. Самый серьезный кризис последнего времени разразился в условиях, когда, благодаря интернету и закону Мора (The Moore's Law), у всех есть, во-первых, доступ к практически любой экономической информации и, во-вторых, лучшие в мировой истории возможности брабaтывать эту информацию.
Похоже, что жизнь опровергает теорию эффективного рынка ( the efficient market hypothesis)
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