Recent Blog Posts
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The Times' Rorshach Geithner Story
Apr 27 20099:04am EDT -
Sinking Animal Spirits
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Counter-cyclical Urban Policy
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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
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Nov 13 2008 9:11am EDT
Citi Valuation Question
A quick follow-up to the Citi post: Citigroup's market capitalization, of $53 billion, is $73 billion below its book value, of $126 billion. Has any company ever traded more than $50 billion below book and survived?
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