BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Bernankes In Charge Of The Special Sauce

Market Movers

by Felix Salmon
Main
The Duplicitous Sheila Bair   Five Investment Principles

Recent Blog Posts

Links

Oct 06 2008 10:28pm EDT

Bernanke's in Charge of the Special Sauce

Analogy of the day comes from Mohamed El-Erian, who likens the credit markets to a drive-thru burger joint:

"Imagine yourself at the drive-thru ordering a Big Mac. At one window you order and pay, at the other – 20 feet ahead – you pick up your lunch. What if you thought that after paying at the first window, your 1000 calorie sandwich might not be waiting for you a few seconds later. You might not pay; business as usual might not take place."

Wait, the credit crunch is a way for everybody to order fewer Big Macs, and consume fewer calories? Maybe it does have a silver lining, after all!

...

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More