Afghan widows wait to receive food relief rations from a CARE International distribution centre in Kabul.

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

The editorial office of this website selects on a daily basis the must-read stories and opinions on the financial crisis and the most important facts that need to be known in order to see the big picture of what is happening today. To receive a daily update in your inbox please write your e-mail address below.

Your privacy will be strictly respected.

... Explained - Thursday, 28 May 2009