Monthly Archives: May 2012

The Eurozone on the Verge of its Dismembering. My Attempt at Explaining the Drama in Europe in Simple Words – Part 3 & 4

Part 3: Disappearance of Currency Risk & the Animal Spirits One Unified Rock Solid Currency Across Heterogeneous Economies In addition to the factors explained in Part 1 and 2 of this note, one should note the role that the disappearance … Continue reading

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The Eurozone on the Verge of its Dismembering. My Attempt at Explaining the Drama in Europe in Simple Words – Part 2

Part 2: The Mercedes and the Feta Cheese As we have seen in part 1, debt in the periphery of the Eurozone has climbed to¬†allegedly¬†unsustainable levels as a consequence of the crisis more than as a cause of it. So … Continue reading

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The Eurozone on the Verge of its Dismembering. My Attempt at Explaining the Drama in Europe in Simple Words – Part 1

Setting the Frame The Global Financial Crisis that started in 2008 and shook the world is now considered one of the longest since the Great Depression of the 1930’s. While the US are experiencing a mild growth which is making … Continue reading

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Induction And Its Discontents. My Review of Taleb’s Eye Opener on the Hidden Role of Chance in Life

When the Titanic sank in 1912 in the North Atlantic frozen ocean, historians attributed a substantial share of the responsibility of the disaster to its captain who allegedly maintained a high cruising speed despite warnings about the presence of icebergs … Continue reading

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They Called him Mr. Doom until Doomsday Happened. My Review of Roubini’s Lessons on Crisis Economics – Part 1

If you’re a soccer fan, how would you feel if you had to miss watching the world cup final and watch it on replay the next day? This is sort of the feeling I have now that I am trying … Continue reading

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Rationality is Dead! My Review of a Groundbreaking Contribution to Psychology and Economics

It was one of those nights when I was doing a web research on how humans make choices, that I stumbled upon a TED Talk by a psychologist who was explaining the riddle of experience versus memory. The Talk led … Continue reading

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