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The Times' Rorshach Geithner Story
Apr 27 20099:04am EDT -
Sinking Animal Spirits
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Be Your Own Counterfeiter
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Being Tim Geithner
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Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Happy Hour
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Recovery Without Rebalancing
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The Shape of Your Recession
Apr 23 20095:04pm EDT
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Apr 24 2008 12:00am EDT
Causality Watch, Merrill Lynch Edition
Shares of Merrill Lynch rose 8% after CEO John Thain said he won't entertain talk of a breakup of the brokerage firm, which has been hit hard since last summer by heavy losses on mortgage-related securities.
Why do journalists insist on looking for causality like this? I mean, if Thain had announced he was thinking about breaking up Merrill, does Barr really think that the stock would have fallen?
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