Editor’s Note: You can watch or read a transcript of Paul Solman’s October 21 report with economist Nassim Nicholas Taleb and his mentor, mathematician Benoit Mandelbrot, here. Nassim Nicholas Taleb’s 2007 book is titled: The Black Swan: The Impact of … Continue reading
As the financial sector shifts, so does the reach of the jolt to economic structures around the world. Economist Nassim Nicholas Taleb and his mentor, mathematician Benoit Mandelbrot, speak with Paul Solman about chain reactions and predicting the financial crisis. Continue reading
Several plans have been enacted in recent weeks to loosen the flow of credit and ease the financial crisis. An expert panel evaluates the efforts and the state of the credit sector. Continue reading
The Federal Reserve took new steps Tuesday to loosen struggling credit markets, authorizing a new plan to inject liquidity into money markets as the government continued to search for ways to ease a global financial crisis. Continue reading
- When the Treasury Department is repaid the money it lent, shouldn’t that be used to pay down the national debt?
Question/Comment: When the day comes that the banks and other financial institutions start to repay the vast amounts of money that have been borrowed by the Treasury Department, shouldn’t that money be used to pay down the additional national debt … Continue reading
Question/Comment: Hello, Paul. I am certainly no economist (as my question will show), but I learned in business school (to my surprise at the time) that two-thirds of GDP is the result of consumer spending, not corporate or government spending. … Continue reading
Wall Street saw a boost Monday as Fed Chairman Ben Bernanke told Congress that a second stimulus bill might help the economy. Experts examine the prospects for a new stimulus plan. Continue reading