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Naked_basket
Junior Artist Username: Naked_basket
Post Number: 14 Registered: 09-2008 Posted From: 99.151.69.185
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 07:00 pm: |
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the reason I dont think people like Chiru wouldnt do any better than the current crop is that their strategy thus far has been the oft seen strategies in a non cooperative game setting!!!!!!!!!!!!!!! I viewed it as a game theory setting..... They didnt and are not doing anything that argues against this.....in short they are coveying the information that there is no incentive for them to act selfless...atleast they havent created an institution that argued so...as simple as that.... I believe in the absolute beauty of math and the rest as they say are deductions |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 13 Registered: 09-2008 Posted From: 99.151.69.185
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 06:57 pm: |
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power abstractly is the incentive for the Govt....its is like an auction game between 2 agents with zero information.....no matter what happens the probability that both agents can inherently skew up the game leading to a loss-loss model is more than the normal set up...... That is exaclty why new auction systems like Google adsense made such immediate impact as the game was casted in a fair setting with a fairly clear and unbiased umpire.....This is the strength of the internet!!!!!!!!!!!!! |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 12 Registered: 09-2008 Posted From: 99.151.69.185
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 06:54 pm: |
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Chiru_fan:isn't it govt.'s responsibility to have strict regulatory rules in place
Good Q...but do they have an incentive to do so!!!!!!!!!!!! Look at the political setup...people like you and me measure the governance on the back of whether they alleviated our immediate needs/concerns..Do we think for protracted measure. If so who shall shoreup the intermediate risk??? Think like this. The govt and the electorate is playing a non co operative game where in both parties want to win immediately....( people want remedies for their most immediate problems even at the expense of the long term issues) and Govt wants to sustain power.....Why??? is a huge question to answer..... In the universe (normal forms) of strategies for the Govt...an available option is corruption, populism etc...any thing that alleviates its issues is termed as a strategy....and the govt is just choosing the strategy that maximises its chance of reelection as simple as that |
   
Chiru_fan
Comedian Username: Chiru_fan
Post Number: 1328 Registered: 04-2008 Posted From: 71.248.6.40
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 06:26 pm: |
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/But the problem also lies with the people who spend/ NB Bhayya, People are not that intelligent (bush gaadini second term varusagaa elect chesinappudee thelisindi anukoo)....isn't it govt.'s responsibility to have strict regulatory rules in place? If the interest rates are like the ones before 2000, do you think people would gone and still bought the homes?.... first interest rates thagginchaaru tharuvaatha public ki mortgage kattagaluthaadaa ledaa ani choodakundaa loans provide chesaaru aa voopuloo homes price weekly basis meeda peragatam start ayyayi.. kontha mandi public, ika illu konalememoo ani dookaaru and inka kontha mandi ki greed modalu ayyindi, 3 year ARM (interest only) theesukoni next year oo leka 3 years tharuvaatha illu profits ki ammeyyocchu ani anukonnaru.. ivvanni kalipi ippudu andarikee thadisi moopedu ayyindi..economy crisis ani suits vesukoni prathee channel loo lolli chesthunnaru idi yelaa vundi antee, chinna poragaadi mundu open chesina sweet box petti, nuvvu theesukooku annattu vundi... Correct me If I am wrong... Mera puranaa naam...Idlebrain_fan |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 11 Registered: 09-2008 Posted From: 199.171.86.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 06:20 pm: |
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Any one interested read this book: Jean-Jacques Laffont and David Martimort, Theory of Incentives Anything big or bad going to happen?? Hmm...good question.....but I can only exclaim!!!!!!!! |
   
Maverick
Side Hero Username: Maverick
Post Number: 6592 Registered: 01-2008 Posted From: 74.131.227.61
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 06:16 pm: |
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is something big and worse is going to happen? |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 10 Registered: 09-2008 Posted From: 199.171.86.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 06:14 pm: |
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Chiru_fan:bottom line is andaru kalipi US ki lambam pettaru....correct aa kaadaa?
In a sense yes.....But the problem also lies with the people who spend...we are not sticking to the notion of rational investors...and they in turn are exploiting this irrationality...its a sort of chicken and egg problem |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 9 Registered: 09-2008 Posted From: 199.171.86.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 06:12 pm: |
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Telugu_times:investment is not a gamble like kasino.
This is a oxymoron..Investment is a Gamble....A gamble of risk whose reward is the return or the payoff....It is classic definition of investment...risk averse investments will lead us back to bartership. I dont know how informed are u on information centric viewpoint of the world. In as much as I know, economics is a game of information. Infact that is the corner stone definition of modern economics....Disemmination and production of information is termed precisely as economics today.... |
   
Chiru_fan
Comedian Username: Chiru_fan
Post Number: 1324 Registered: 04-2008 Posted From: 71.248.6.40
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 06:02 pm: |
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Quant bhayya, bottom line is andaru kalipi US ki lambam pettaru....correct aa kaadaa? Mera puranaa naam...Idlebrain_fan |
   
Telugu_times
Side Hero Username: Telugu_times
Post Number: 8039 Registered: 02-2008 Posted From: 40.0.40.10
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:58 pm: |
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NB I know, how much passion, some people have in teaching/academics and yes, not everyone run after money. I agree but my point is, investment is not a gamble like kasino. Why, the greatestest of greatest analysts go wrong? |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 8 Registered: 09-2008 Posted From: 199.171.86.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:56 pm: |
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personally to me atleast how much one earns means a dime if that indv doesnt have the gumption that befits it...There are capitlaist economies not capitalist ideas...in as much as I know... |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 7 Registered: 09-2008 Posted From: 199.171.86.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:55 pm: |
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Telugu_times:asalu, eee analysts, economic professors in 4,000 or so u.s universities thopu gaallu avuthey, stocks lo invest chesi, millionnaires avvochu gaa? why these professors work for 80k or so jobs?
This is a very naive outlook of science. I think it doesn't make even an iota of sense. Academicians "Choose" to work in that field. If you think that being a grade A academician is easy....good luck...it is the toughest profession in US. I cant comment on europe as I dont know about it. I would assume the same. 80K job anedhi meeku parameter avachu. there are people who dont care for how much u make. Not everything is measured in terms of money |
   
Telugu_times
Side Hero Username: Telugu_times
Post Number: 8038 Registered: 02-2008 Posted From: 40.0.40.10
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:48 pm: |
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pavala Economics professors ki, dabbu chedhu. only they are interested in academics level lo chepthunnaav gaa? dont they buy house, cars, gold and other stuff? if they get better salary option, dont they leave karrent job and go for new one? |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 6 Registered: 09-2008 Posted From: 199.171.86.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:36 pm: |
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In my understanding, bail outs wont work for the following reason: The intermediate players that is Banks, Brokerages et al have the capacity to soak as much good liquidity as possible as they have been holding all the illiquid assets with them. Even if the fed pumps another 700B, the banks will just gulp that in and exchange bad assets to the more readily available liquid assets i.e money. So the end user (consumer) at the end of the food chain would still be starving. Banks in turn wont extend any more easy credit as the regulations have tightened and no body now would dare any undue credit. Who will drive the consumption then????? But what this might do is that it might create an incentive for banks to take some more risk than the current "No" risk bussiness...the next 3 years will be interesting for the efficacy of the so called free markets hypothesis...it is the practical ex post test for that claim...well a hypothesis |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 5 Registered: 09-2008 Posted From: 199.171.86.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:22 pm: |
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Capitalism according Keynes was rightly described as the astounding belief that the most wickedest of men do the wickedest of deeds for the greatest common good of the society...........so utterly inane |
   
Rajusk
Side Hero Username: Rajusk
Post Number: 3099 Registered: 02-2008 Posted From: 66.93.90.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:12 pm: |
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Naked_basket:Hmm my 2 cents here....The problem with being a fair analyst boils down to playing the fair game in a multi agent setting. Each agent is privy to the same information and what analysts do is disseminate information into the game to drive it from a biased game to an unbiased game. The problem arises roughly like these...In this setting...What Laissez Faire economics has done is that it assumed that collective maximization of individual agents always leads to the only optimal solution available which has been proven otherwise by neo classical economists themselves... The issue is that when incentives dont percolate according to information, the inherent value of using ones incentive for a fair game diminishes in its value. In other words, if 10 analysts on the back of the same info give a "buy" and the other one gives a "sell"...the sell cant just hold steam under the weight of the collective incentives of other agents, even though the majority are wrong
Just curious...are you Quant brother ? |
   
Chantodu
Side Hero Username: Chantodu
Post Number: 3307 Registered: 07-2007 Posted From: 12.34.246.7
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:11 pm: |
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nake tamud h r u |
   
Naked_basket
Junior Artist Username: Naked_basket
Post Number: 4 Registered: 09-2008 Posted From: 199.171.86.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 05:04 pm: |
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Rajusk:BABA is not talking about why a particular analyst from X company.. He is saying in general...if all these analysts were so well informed and so great analytical skills...why did they not see this financial tsunami coming our way ani.. At least one of them should have raised a voice and should have said..that this is not the right way to make money...at the risk for the firm etc..
Hmm my 2 cents here....The problem with being a fair analyst boils down to playing the fair game in a multi agent setting. Each agent is privy to the same information and what analysts do is disseminate information into the game to drive it from a biased game to an unbiased game. The problem arises roughly like these...In this setting...What Laissez Faire economics has done is that it assumed that collective maximization of individual agents always leads to the only optimal solution available which has been proven otherwise by neo classical economists themselves... The issue is that when incentives dont percolate according to information, the inherent value of using ones incentive for a fair game diminishes in its value. In other words, if 10 analysts on the back of the same info give a "buy" and the other one gives a "sell"...the sell cant just hold steam under the weight of the collective incentives of other agents, even though the majority are wrong |
   
Mclovin
Side Hero Username: Mclovin
Post Number: 9637 Registered: 02-2008 Posted From: 69.45.100.129
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 04:36 pm: |
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RBS vaadu stamford lo peeeeeeedda building kadtundu maama.. aadi paristhithi endippudu? In this db, there's always someone watching you!!  |
   
Rajusk
Side Hero Username: Rajusk
Post Number: 3096 Registered: 02-2008 Posted From: 66.93.90.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 04:31 pm: |
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Tinku:
Tinku thammud, BABA is not talking about why a particular analyst from X company.. He is saying in general...if all these analysts were so well informed and so great analytical skills...why did they not see this financial tsunami coming our way ani.. At least one of them should have raised a voice and should have said..that this is not the right way to make money...at the risk for the firm etc.. Baba, I am sure some Analysts would have done that...because if you see .still some brokerage firms are not hit that big...you do not hear names like RBS/CIBC/CSFB/BNP being hit..they may be backed by banks..but still some news would have come out.. |
   
Tinku
Junior Artist Username: Tinku
Post Number: 349 Registered: 08-2008 Posted From: 98.192.74.63
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 04:16 pm: |
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Palava is right to an extent.Analysts cannot buy the stock they analyse. Few days back cheppanu,malla cheptunna.IBs lo different divisions untayi.evadi pani vadu chestadu.Trader does trading.Analyst does stock research. Similary CNBC anchors cannot buy any stock except GE. One more ex,last yr one division in Goldman was selling MBS.Another division in the same company was shorting them. ammina division ki loss,short chesina division ki profits vachhayi. anduke TV lo analyst disclosure untadi.evado edo cheppadu ani stock konatam,amamtam kadu.It is ur money and u need to take the decision.
"Nenu kanaka nee laga kula pichi tho edchi unte def ga naaku adhe gathi.....But OT remember this........Nee patanam nee kallatho choosukuntav.......mark my words some where..........." - Quant on OT. |
   
Pavala
Side Hero Username: Pavala
Post Number: 3066 Registered: 02-2008 Posted From: 85.83.83.61
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 04:09 pm: |
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Telugu_times:asalu, eee analysts, economic professors in 4,000 or so u.s universities thopu gaallu avuthey, stocks lo invest chesi, millionnaires avvochu gaa? why these professors work for 80k or so jobs?
ikkada koodaa....ok Yevadu boora voodhithey Pamulannee bussumani puttalo nundi bhayataku vasthaayo, vaade Pavala |
   
Pavala
Side Hero Username: Pavala
Post Number: 3065 Registered: 02-2008 Posted From: 85.83.83.61
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 04:08 pm: |
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Telugu_times:pavala bedhar, analysts ki, academics ki confuse avuthaaventi annayya. analysts pani, rozu stocks ni study cheyyadamay.
ok Yevadu boora voodhithey Pamulannee bussumani puttalo nundi bhayataku vasthaayo, vaade Pavala |
   
Telugu_times
Side Hero Username: Telugu_times
Post Number: 8036 Registered: 02-2008 Posted From: 40.0.40.10
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 04:06 pm: |
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EAMCET Coaching iche Ee teacher EAMCET lo Pass Ayyi undadu idhi anthe. >> true, coz each teacher is specialised in only one subject, whereas eamcet has 3 subject, maths, physics and chem pavala bedhar, analysts ki, academics ki confuse avuthaaventi annayya. analysts pani, rozu stocks ni study cheyyadamay. |
   
Savage
Side Hero Username: Savage
Post Number: 3337 Registered: 02-2008 Posted From: 148.129.71.53
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 03:13 pm: |
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Bush has Privatized profits and Socialized losses |
   
Rpukra
Junior Artist Username: Rpukra
Post Number: 31 Registered: 02-2008 Posted From: 65.246.0.114
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 03:11 pm: |
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Baba garu, EAMCET Coaching iche Ee teacher EAMCET lo Pass Ayyi undadu idhi anthe. |
   
Pavala
Side Hero Username: Pavala
Post Number: 3045 Registered: 02-2008 Posted From: 85.83.83.61
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:33 pm: |
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Telugu_times:out of hundreds of analysts, there will be 2 houndreds of different opinions. if this analyst is so confident of turmoil, did he earn lots of money , by shorting the stocks?
babu BABA garu academicians mee laagaa naa laagaa stocks invest chesi billionaires ayipodhaam anukoru...they do their jobs for their own interest.....vaalla daggara advises theesukoney corporates boledu...thappulu jaragadam manava sahajam.... Yevadu boora voodhithey Pamulannee bussumani puttalo nundi bhayataku vasthaayo, vaade Pavala |
   
Pavala
Side Hero Username: Pavala
Post Number: 3044 Registered: 02-2008 Posted From: 85.83.83.61
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:31 pm: |
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enti...intha munigipothunnaa dollar inkaa peruguthuney undhi....US lo unna janam ki unna pogaru maadhiri.... Yevadu boora voodhithey Pamulannee bussumani puttalo nundi bhayataku vasthaayo, vaade Pavala |
   
Telugu_times
Side Hero Username: Telugu_times
Post Number: 8029 Registered: 02-2008 Posted From: 40.0.40.10
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:28 pm: |
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This guy was the first one to state that Goldman and Morgan will not sustain if they are in the current form.. >>> raju gaaru, out of hundreds of analysts, there will be 2 houndreds of different opinions. if this analyst is so confident of turmoil, did he earn lots of money , by shorting the stocks? I dont think so. vandha analysts, vandha directions lo raallu vesthey, evadiko okadiki thagulthadhi. but in general, stock market down avuthundhani majority ki telusu. |
   
Swayamkrushi
Junior Artist Username: Swayamkrushi
Post Number: 161 Registered: 05-2008 Posted From: 159.145.7.90
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:19 pm: |
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babailu.. evaranna IOUSA choosara..choosiunte konchem mee opinion cheppandi.. and also see the documentary War on democracy ..adi kooda baagundi.. |
   
Rajusk
Side Hero Username: Rajusk
Post Number: 3073 Registered: 02-2008 Posted From: 66.93.90.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:13 pm: |
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Swayamkrushi:my opinion ...but i may be worng
I agree with your opinion... This guy was the first one to state that Goldman and Morgan will not sustain if they are in the current form.. Within 2 weeks of his statement...you see that Goldman and Morgan will start Retail Banking operations too |
   
Chiru_fan
Comedian Username: Chiru_fan
Post Number: 1317 Registered: 04-2008 Posted From: 71.248.6.40
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:12 pm: |
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/I dont think all analysts are gorrelu....but some predict good but their voice will be suppressed by media and big investors for their own benefit... my opinion ...but i may be worng/ I agree with you bhayya....I am talking about the analysts with big mouths and empty brains...and we are taking about 99% of them.... Monna idee maata Quant bhayya ni adigithee, yedoo cheppadu, maa laanti vallaki adi bouncer...bottom line yemitantee, ee naa kodukulu andarikee oka pedda lambham pettaru Mera puranaa naam...Idlebrain_fan |
   
Swayamkrushi
Junior Artist Username: Swayamkrushi
Post Number: 160 Registered: 05-2008 Posted From: 159.145.7.90
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:08 pm: |
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Rajusk garu...I dont think all analysts are gorrelu....but some predict good but their voice will be suppressed by media and big investors for their own benefit... my opinion ...but i may be worng |
   
Chiru_fan
Comedian Username: Chiru_fan
Post Number: 1315 Registered: 04-2008 Posted From: 71.248.6.40
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:05 pm: |
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/Prajalu anaboyi Analysts annara / iddaroo Raju garu....mana chinna Pichhaya ni second time yennukunna ventanee ikkadi vallu gorrelu ani andarikee thelisindi Mera puranaa naam...Idlebrain_fan |
   
Rajusk
Side Hero Username: Rajusk
Post Number: 3072 Registered: 02-2008 Posted From: 66.93.90.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:04 pm: |
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Swayamkrushi:US loo analysts antha gorrelu yevvaroo vundaru.
Prajalu anaboyi Analysts annara  |
   
Swayamkrushi
Junior Artist Username: Swayamkrushi
Post Number: 159 Registered: 05-2008 Posted From: 159.145.7.90
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:01 pm: |
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Papam Ron Paul kooda ade motthukundunnadu....ee bail outs valla emi labham undadu long run lo ani... |
   
Chiru_fan
Comedian Username: Chiru_fan
Post Number: 1314 Registered: 04-2008 Posted From: 71.248.6.40
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:01 pm: |
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/millionnaires avvochu gaa? why these professors work for 80k or so jobs?/ Baba, I had mentioned this same point one 100 times...US loo analysts antha gorrelu yevvaroo vundaru....naa kodukulani guddalu(bhootu kaadu) oodadessi kottali...idee maata 2005 loo andaledu yendukoo mari?... mana Chinna Picchayya, adee Bush gaadu current economic situation gurinchi ee evening public speech isthaadu antaa...inkeemundi repu malli stocks markets damaal yemoo.... Mera puranaa naam...Idlebrain_fan |
   
Hail_the_labour
Junior Artist Username: Hail_the_labour
Post Number: 728 Registered: 06-2008 Posted From: 65.30.78.134
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:01 pm: |
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Telugu_times:
IIM kurrollaki LEHMAN best Offers isthadi anta every year.... |
   
Maverick
Side Hero Username: Maverick
Post Number: 6572 Registered: 01-2008 Posted From: 192.146.101.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 01:00 pm: |
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ee madhya oka lady analyst interview choosa..that was postd on yahoo..db lo link kooda pettar..she predicted correctly tht oil will come down in coming months..alage jarigindi. |
   
Telugu_times
Side Hero Username: Telugu_times
Post Number: 8027 Registered: 02-2008 Posted From: 40.0.40.10
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 12:57 pm: |
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according to one economist >>>> That is the key here. These analysts , ye enda ki, aaa goduku padathaaru. when market is good, they say, dow will reach 20,000 when the markets are bad, they say, dow will hit 5,000 asalu, eee analysts, economic professors in 4,000 or so u.s universities thopu gaallu avuthey, stocks lo invest chesi, millionnaires avvochu gaa? why these professors work for 80k or so jobs?  |
   
Maverick
Side Hero Username: Maverick
Post Number: 6571 Registered: 01-2008 Posted From: 192.146.101.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 12:54 pm: |
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Rajusk:most severe economic stretch
Rajusk:ould last a decade or more
 |
   
Rajusk
Side Hero Username: Rajusk
Post Number: 3071 Registered: 02-2008 Posted From: 66.93.90.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, September 24, 2008 - 12:51 pm: |
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Even if the Bush administration's $700 billion bailout works, the United States still faces the longest and most severe economic stretch since the Great Depression, according to one economist "The recession train has already left the station,said Nouriel Roubini, professor of economics at NYU's Stern School of Business during a conference call Wednesday. "What this plan can avoid is a Japan-like, L-shaped recession," where the economy sinks and stays sunk, "that could last a decade or more." He said a well-implemented plan could limit the heavy bleeding to 18-months. Stock prices are already down 20% from their highs - the definition of a bear market - and will fall another 15% to 20%, according to Roubini |