“Peter writes: ‘Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?’ No! No! No! Bear Stearns is fine! Do not take your money out. … Bear Stearns is not in trouble. I mean, if anything they’re more likely to be taken over. Don’t move your money from Bear! That’s just being silly! Don’t be silly!” —Jim Cramer, responding to a viewer’s e-mail on CNBC’s Mad Money, March 11, 2008
Sunday, December 28, 2008
Predictions and Predilections
Eric Weiner examines confirmation bias in economic reporting here, while elsewhere Foreign Policy Magazine issues "The 10 Worst Predictions for 2008." My favorite:
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