With so many hedge funds blowing up left and right, it’s worth looking back at the one that nearly took the entire financial system down with it: Long-Term Capital Management. Featured below is a fascinating lecture to MIT students by Eric Rosenfeld, a former LTCM principal, on what happened and what can be learned from [...]
Monthly Archives: April 2009
A conversation with Bill Ackman, Andrew Ross Sorkin and Joseph Stiglitz
Economist Joseph Stiglitz, Bill Ackman of Pershing Square Capital Management, Wall Street Journal reporter Kate Kelly and New York Times journalist Andrew Ross Sorkin discussed toxic assets, stress tests, and bank bailouts with Charlie Rose on April 24, 2009. The first two parts are available below.
Posted on April 26, 2009 – 10:30 PM
Website Redesign
I’m pleased to unveil the newly redesigned Economics Students’ Association website. We’ve moved to a wider format to make pages spacious and easier to read. Font sizes have also been increased across the board to heighten legibility and improve accessibility. But most importantly, you can expect more frequent updates from our analysts and executives in [...]
Posted on April 22, 2009 – 1:09 PM
Weekly Links for Friday April 10, 2009
ESA’s weekly links post consists of the most interesting and relevant articles and posts we come across every week. It will include links from old media news outlets and quality independent blogs and will appear on Friday morning (for now).
The Weekly Links are compiled by the ESA analyst team.
Creditors Should Feel It Too
GMU economics [...]
Posted on April 10, 2009 – 4:08 PM
2009-2010 Election Results
Last week, the ESA held its annual general meeting and end of year elections. Please join Matthew and I, Co-Presidents for the past two years in congratulating the incoming executive.
Co-Presidents: Eric Lau & Tory Jarmain
VP Operations: Peter Kettel
VP Finance: Sachin Gupta
VP Communications: Sam Ryder
VP Events: Matthew Hyland
VP Academics: Rohin Patel
Co-Editors, The Economic Outlook: Anshul Ruparell [...]
Posted on April 7, 2009 – 2:27 PM
Putting Our Money Where Our Mouth Is
I believe it was the successful Depression-era speculator Joe Kennedy, father of John, Robert and Edward, who observed that when the shoe shine boy was talking about stocks, there was surely a bubble. Looking at a waitress’s shirt last week (“Tip Well – My Bailout Request Was Denied”) made me wonder if the opposite held [...]