Friday, November 21, 2008

sensible article from the atlanticist on surviving the downturn

nov 20th, 2008

good stuff, but i wonder if it's as shallow as most of other things written in the atlanticist. after all, it's stuff written by callow 25-year-olds trying to sound like old men, and they have neither the judgment nor the experience required to pontificate.

http://www.economist.com/displayStory.cfm?story_id=12636353&fsrc=nwlptwfree

2 comments:

Anonymous said...

There are reports that Warren Buffet sold $4.35 Billion worth derivatives in 2007 that will now cost him and his company $37 dollars. And that his decision to buy the stake at Goldman was in fact a collateral toward the values of the unsettled puts. See below:

http://blogs.moneycentral.msn.com/topstocks/archive/2008/11/20/buffett-s-huge-derivatives-bet-proves-costly.aspx?PageIndex=2

san said...

Here's another report by some US experts:

http://www.iht.com/articles/ap/2008/11/20/america/NA-US-Intel-Trends-China-India.php