Recent Blog Posts
-
Tesla Tests Crossover Market With Model X
Feb 10 20123:50 pm EDT -
Groupon Keeps 'Em Guessing
Feb 09 20128:27 am EDT -
When Business Takes a Same-Sex Marriage Vow
Feb 07 20127:16 pm EDT -
Klout Looks to Take Influence Local
Feb 07 20124:07 pm EDT -
Netflix Faces a Fresh Rival
Feb 06 20122:41 pm EDT -
LivingSocial Losses Shouldn’t Shock
Feb 02 20123:28 pm EDT -
Big Primping at Gilt City
Feb 02 201211:42 am EDT -
How About a Raise?
Jan 31 201211:09 am EDT -
Show Us Your (Wild, Bold, Extreme) Cards
Jan 30 20122:54 pm EDT -
Is Groupon a Daily Deal Bully?
Jan 30 201211:51 am EDT
Aug 16 2007 12:00am EDT
L.T.C.M. Redux? No, Scarier.
Moody's has altered investors to the possibility of a repeat of the 1998 Long Term Capital Management hedge fund crisis.
We should be so lucky.
As we have said before, the L.T.C.M. crisis has been widely, and in our opinion, mistakenly seen as a vindication of the workings of the financial system.
Reality is more complicated.
Yves Smith's full Market Movers blog post on this subject can be found here.
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
500 Startups Hits New York