European Tribune - Comments - When did the crisis start?

When did the crisis start? | 34 comments (34 topical, 0 editorial, 0 hidden)

Re: When did the crisis start? (none / 1)

It is not a wonder that the expected fraction of nonperforming mortgages issued since 2005 beggars belief.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Feb 12th, 2009 at 08:14:49 AM EST
[ Parent ]

Re: When did the crisis start? (none / 1)

But of course no one saw the financial crisis coming.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Thu Feb 12th, 2009 at 08:23:53 AM EST
[ Parent ]

Not the "expected" fraction (4.00 / 2)

the actual one

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Feb 12th, 2009 at 08:24:47 AM EST
[ Parent ]

Re: Not the "expected" fraction (4.00 / 3)

That does tend to suggest that the crisis has been occurring for far longer than politicians would like to suggest.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Thu Feb 12th, 2009 at 08:28:14 AM EST
[ Parent ]

Re: Not the "expected" fraction (none / 1)

The "expected" one hovers around 2/3...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Feb 12th, 2009 at 08:40:35 AM EST
[ Parent ]

When did the crisis start? | 34 comments (34 topical, 0 editorial, 0 hidden)

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