Monday, October 13, 2008


Congratulations to Paul Krugman, the solo winner of the 2008 Nobel Prize for Economics.

And on the first day of honest good news about the financial crisis. The short version - Britain took charge, Europe followed, and the US might get dragged along pouting.

EDIT: Wow. Best day on the market since 1939, right after the worst week since 1929. Still the TED spread is at 4.57%, down just 1% from its record high, and banks are still unwilling to lend to each other. But the market just bet big that they will and soon...

ONE MORE: Get your John Authers here

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