MacroScope

from Blogs Dashboard:

Miss me yet, Wall Street?

This picture was making the rounds on Wall Street on Thursday, after President Obama proposed limiting big banks'  financial risk-taking. Miss me yet, Wall Street?

from Left field:

Pats’ Belichick played the right odds, Harvard economist says

belichik1Bill Belichick has been crucified metaphorically by many pundits and fans for his gamble late in a National Football League game against the unbeaten Indianapolis Colts, but one top economist says the coach many previously called a genius made the right decision Sunday even if it backfired on him.

Belichick chose to have the Patriots go for a first down late in the fourth quarter with his team deep in its own territory and clinging to a lead on the road. New England failed to convert and the Colts immediately drove for the winning score in its 35-34 victory. And the second guessing began.

However, Greg Mankiw, former chairman of the Council of Economic Advisers under President George W. Bush and now an economist at Harvard University, said on his blog that sometimes even the optimal strategy fails.

Tremonti: Not so happy

The Group of Seven officially agreed on a joint “plan of action” at this weekend’s blockbuster meeting amid a global financial crisis. Since everyone signed the paper, you’d think they’re all happy with what is in it, right?

After meeting with U.S. President George W. Bush at the White House, Italy’s Finance Minister Giulio Tremonti tells reporters on Pennsylvania Avenue what he really thinks.

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