Taiwanese Boy, Lin Yu Chun, Sings Whitney Houston Better Than Whitney?
Economics in One Picture
![Bear Attack in Churchill, Manitoba, Canada.
These are pictures of an actual polar bear attack.
The pictures were taken while people watched and could do nothing to stop the attack!
Reports from the local newspaper say that the victim will make a full recovery.
[works better in original email format]](http://25.media.tumblr.com/tumblr_kyn8zqY0if1qzkmzwo1_500.jpg)
Bear Attack in Churchill, Manitoba, Canada.
These are pictures of an actual polar bear attack.
The pictures were taken while people watched and could do nothing to stop the attack!
Reports from the local newspaper say that the victim will make a full recovery.
[works better in original email format]
Dolphins surfing off the coast of South Africa.
Gliding effortlessly through the water these surfing dolphins make light work of monster waves up to 25 feet high
To what extent are we just little lemmings that they just throw down a track and we’re crash-test dummies? I mean, this is our lives.
![The chart below taken from [Bill] Gross’s [PIMCO] January 2010 Outlook shows just how dramatically the Fed and the Bank of England are currently propping up their respective economies.](http://27.media.tumblr.com/tumblr_kvxweh8j9y1qzkmzwo1_500.jpg)
The chart below taken from [Bill] Gross’s [PIMCO] January 2010 Outlook shows just how dramatically the Fed and the Bank of England are currently propping up their respective economies.
(via triketora)
If Fed Missed This Bubble, Will It See a New One?
In 2004, Alan Greenspan, then the chairman, said the rise in home values was “not enough in our judgment to raise major concerns.” In 2005, Mr. Bernanke — then a Bush administration official — said a housing bubble was “a pretty unlikely possibility.” As late as May 2007, he said that Fed officials “do not expect significant spillovers from the subprime market to the rest of the economy.”
What this shows (you have to squint a bit) is that earlier recessions were preceded by sharp rises in interest rates, as the Fed tried to choke off inflation. This produced a housing slump, with a lot of pent-up demand; when the Fed decided that we had suffered enough, it relented, and both housing and the economy sprang back.
