Category: Economy

Reading Time: < 1 minute GRE analogy problem China GDP number: politicians vs. Corporate earning: executives stock options Hint: the local officials pump up the GDP numbers so that they can get promoted; the corporate CEO/CFO pump up the earning number so that their stock options will be more valuable. Of course in an ideal world, when the law is

stlplace
July 7, 2008

Reading Time: 2 minutes I heard a lot of buzz words in this Bear Stearns crisis, $100 oil, Spitzer scandal, global housing bust…world. Just list some new words I found interesting: De-leveraging This one is easy for me (because I don’t have much to leverage on). I was a little astonished by the leverage ratio of investment banks such

stlplace
March 18, 2008

Reading Time: 2 minutes (source: www.stride.co.uk) Last Monday was one year anniversary of sub-prime (and subsequent credit crisis), here is an interesting time line I found at BBC. Quote: 8 March (2007) Biggest US house builder DR Horton warns of huge losses from sub-prime fall-out. 12 March (2007) Shares in New Century Financial, one of the biggest sub-prime lenders

stlplace
March 16, 2008

Reading Time: 2 minutes For fun, please note I am not endorsing any of the canidate… Economy policy using Google I googled “Obama/Hillary/McCain economy policy” and here is what I got. Note I only looked at the results from their campaign web site (click on the the names below to see the search results). Hillary: she does not has

stlplace
February 19, 2008

Reading Time: 2 minutes US Tax Rebate The US congress and president are on the same page for one thing: help every American buy an iPod (a.k.a. the tax rebate thing). For me while I am glad to get some of my tax dollor back (rather than been blew away in Iraq, or paying a Carribean trip for some

stlplace
February 4, 2008
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