Comments on: A Historical Perspective on US Financial Crisis http://atlasnetwork.org/networknews/2008/09/historical-perspective-on-us-financial-crisis/ Sun, 27 Feb 2011 21:02:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Jacob Arfwedson http://atlasnetwork.org/networknews/2008/09/historical-perspective-on-us-financial-crisis/#comment-117 Jacob Arfwedson Thu, 02 Oct 2008 07:52:40 +0000 http://atlasnetwork.org/?p=961#comment-117 I have just finished reading "The Black Swan" by Nassim Nicholas Taleb, an author of rare insight and with a background in trading. Although he was probably not the only one to be skeptical of government intervention in the financial markets, he remarks "... the government-sponsored institution Fanny Mae, when I look at their risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deemed these events 'unlikely'." The book's subtitle: "The Impact of the Highly Improbable". Probably the best book in several decades. I have just finished reading “The Black Swan” by Nassim Nicholas Taleb, an author of rare insight and with a background in trading. Although he was probably not the only one to be skeptical of government intervention in the financial markets, he remarks “… the government-sponsored institution Fanny Mae, when I look at their risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deemed these events ‘unlikely’.”

The book’s subtitle: “The Impact of the Highly Improbable”. Probably the best book in several decades.

]]> By: Heather http://atlasnetwork.org/networknews/2008/09/historical-perspective-on-us-financial-crisis/#comment-116 Heather Fri, 26 Sep 2008 23:03:09 +0000 http://atlasnetwork.org/?p=961#comment-116 Though it might be tough to find a bright side during the economic crisis at hand, this blog post gives some good tips for using this as an opportunity for positive change. Dr. Toni Galardi coined this as a “LifeQuake™” and talks about looking on the bright side – i.e, no money to dine out means more meals spent at home with the family and downsizing to a smaller house means living in closer quarters and getting to know your loved ones better. Check it out for inspiration: http://lifequake.blogspot.com/. Though it might be tough to find a bright side during the economic crisis at hand, this blog post gives some good tips for using this as an opportunity for positive change. Dr. Toni Galardi coined this as a “LifeQuake™” and talks about looking on the bright side – i.e, no money to dine out means more meals spent at home with the family and downsizing to a smaller house means living in closer quarters and getting to know your loved ones better. Check it out for inspiration: http://lifequake.blogspot.com/.

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