Sunday, March 1, 2009

Sunday Musings

What if we had a depression and nobody came? The psychology of this situation is fascinating. It seems that the stress test for troubled banks is too optimistic. Seems economic conditions are worse than perceived.

Here is a nice article at NYT Online

http://www.nytimes.com/2009/03/01/opinion/01endintro.html?_r=1


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