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’Are you a member of the ‘World’s Safest Banks’?
It’s definitely a sign of the times when advertising execs feel the need to include the following accolade in their bank marketing material:
… part of one of the “World’s Safest Banks”
Economist Paul Krugman notes the esteemed title in the following advert from Santander’s Sovereign Bank:
The potential perils of being a super-star economist
So what element does luck (felicitas, fortuna) play in the mathematical calculations and financial portends of economists? Are these men and women just the latter-day versions of the mystical augurs of old? Could their gift for interpreting and divining the future from earthly ‘signs’ be taken away with just one act of hubris? Must they be humble to keep the gods at bay?
Well,
Depression *alert* – international institution edition
One from a major IB economist, one from a major politician and now one from a major global organisation.
Feb. 7 (Bloomberg) — Advanced economies are already in a “depression” and the financial crisis may deepen unless the banking system is fixed,
Paulson gets Krugmanned – and Gordon loves it
In his wildest dreams, Gordon Brown wouldn’t be able to pay for this kind of publicity, yet it’s just what Hank Paulson, George Bush, John McCain and other Republicans don’t need right now – the ‘beatification’ of their most trenchant critic,