About - Thursday 09 Sep, 2010
Banks, battles, and the psychology of overconfidence
The pace of economic decline appears to have slowed, but the labor market remains weak and, in response, the Federal Reserve is likely to maintain interest rates at "exceptionally low levels for extended periods,"
By Malcolm Gladwell in The New Yorker
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Quotes - Sunday, 12 April 2009
- the great banking crisis of 2008 is over. It began last September 15 when Lehman Brothers filed for bankruptcy and bottomed when Citigroup (C) traded below $1 last month"
- Douglas A. McIntyre, on Time Magazine
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