I just finished reading Barry Ritholtz's new book, Bailout Nation. I couldn't put the book down. Ritholtz is a very different thinker than I. He has his roots in Wall Street. He is not an investor in the sense that I regard myself, nor is he an academic. He is a trader. He is a trader's trader, much in the same vain of Nassim Taleb of Fooled by Randomness... read more
Posted on 20:06, May 26, 2009
I wrote my representative today. I thought I'd share: To Rep. Jerrold Nadler,My name is Isaac Payam Ahdout. I am writing to you today to comment on the state of the economy, the role of the government, and the financial industry bailout.Indeed the economy of the world is in distress. In the US, virtually every economic indicator, aside from money... read more
Posted on 08:21, March 22, 2009
These words, spoken by William C. Dudley, president and CEO of the Federal Reserve Bank of New York, on March 6th, constitute by far the most insightful, cohesive, intelligent, and thought-provoking commentary I've heard so far on the present economic crisis: Thank you for having me here today. It is a pleasure being back to speak at the Council. In the past, my Federal Reserve... read more
Posted on 13:05, March 10, 2009
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