During the most dramatic paroxysms of the banking sector last autumn, they kept saying, in the media, that this was the worst financial crisis since the Great Depression. But I think a lot of people (like me, initially) heard that as: the worst economic crisis since the Great Depression.
And the thing is, they were using [...]
Posts tagged with ‘finance’
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Financial pandemic
30 April 2009 – 11:02 am
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27 March 2009 – 11:00 pm
The Quiet Coup – The Atlantic
(May 2009)
'The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at [...]
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12 November 2008 – 10:00 am
Wine and Water
‘As I wait, a young gentleman receives his book from Special Collections. It comes in a little packet, and when he pulls it out, I can see that it is smaller than his thumbnail. The look on his face, somewhere between surprise and annoyance, is priceless. He tries, momentarily, to read it, but [...]