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Archive - Feb 28, 2007
Submitted by J Bradford DeLong on February 28, 2007 - 9:58pm.
A number of thoughtful observers have expressed puzzlement in recent months about
financial markets’ perceptions of risk. While markets have judged
today’s world – especially the dollar and securities linked to it – to
have low risk when viewed in historical perspective, geopolitical risks
in fact appear to be large.
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Submitted by David Roffey on February 28, 2007 - 7:13am.
Over the last few years, my input to any discussions on "how would we
know if this feared big crash is on us" was "when the Dow falls more
than 300 in one day". Soon we'll know if I was right.
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