Word: risks
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...1990s and 2000s, in fact, this myth of the rational market was embraced with a fervor that even Irving Fisher never mustered. Financial markets knew best, the thinking went. They spread risk. They gathered and dispersed information. They regulated global economic affairs with a swiftness and decisiveness that governments couldn't match. And then, as debt markets began to freeze up in 2007, suddenly markets didn't do any of these things. "The whole intellectual edifice collapsed in the summer of last year," former Fed chairman Alan Greenspan said at a congressional hearing in October...
Upon that basis, economists and finance scholars cleared the way in the 1970s for a new approach to investing and risk management that included index funds, risk-weighted portfolio allocation and mathematical models to price options and other derivatives. A lot of this was, as with Fisher's economics, useful. But a basic assumption underlying much of it--that prices were reliable reflections of economic reality--was problematic...
...question about Barack Obama has always been this: Is he a risk taker? Domestically, he answered it months ago with his massive stimulus package. On foreign policy, we only just learned the answer. By taking on the Israeli government over the issue of settlement growth, Obama is showing that he's a gambler overseas as well. Despite the conventional wisdom that an Israeli-Palestinian peace deal is impossible anytime soon, he seems hell-bent on pursuing one. And if he breaks china in the process...
...first reason is that he's taking on Netanyahu where the Israeli Prime Minister is weakest. Israelis may not be thrilled about freezing settlement growth, but it's not an issue like Iran's nuclear program, which they consider important enough to risk their relationship with the U.S. over. A poll published in Israel's largest newspaper, Yediot Aharonot, on June 5 found that 56% of Israelis would rather cave on the settlements issue than face sanctions...
...Capital Ideas: The Improbable Origins of Modern Wall Street, an improbably charming tale of index funds, mathematical options-pricing models and new theories of corporate finance. It was a success, and Bernstein followed it in 1996 with a big best seller, Against the Gods: The Remarkable Story of Risk...