About - Tuesday 07 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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Numbers - Friday, 17 July 2009
General Electric's earnings fell 47% to $2.9bn (£1.7bn) in the second quarter of 2009 from the same period last year as the slowdown took its toll. Revenues fell 17% to $39.1bn from the same quarter last year. The company has been hit by falling revenues and profits at Capital Finance, its finance arm(...)
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