Category: econocaste

economics .. the short version, since the long is wasted on the young

Wall Street Televised:

Posted on Posted in econocaste, on TV

investors took time out from trading to watch Woods apologize for his marital infidelity and “repeated irresponsible behavior.”

New York Stock Exchange volume fell to about 1 million shares, the lowest level of the day at the time, in the minute Woods began a televised speech from Ponte Vedra Beach, Florida, headquarters of the U.S. PGA Tour. Trading shot to about 6 million when the speech ended, the highest for any period except just after exchanges opened, data compiled by Bloomberg show.

The bears of WS enjoying the melodrama that they can’t live. Gossip girrls a twitter between tickers and ticklers. These are the giants of gain. A very limp game being played by these boys. Beware, they play it with your toys.

MBA: Money By Any Means

Posted on Posted in econocaste

capitalism at its best. the healthcare giants taking care of your health:

– GlaxoSmithKline Plc knew its diabetes drug Avandia might cause heart damage several years before a study documented the risk and the company pressed doctors to retract or revise warnings about side effects, said a report from researchers…— bloomberg online

It’s The Economist, Stupid

Posted on Posted in econocaste

The lost decades. This past year Obama’s greatest mistake, the one that caused an almost certain electoral failure, was in appointing too many economists. He surrounded himself with the meager, but eager. The solution to our economic problem is not more economists.