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Odin2005

(53,521 posts)

3. "a couple Nobel Laureates" Please don't call the Economics Prize a Nobel Prize.

Reply to CincyDem (Reply #1)

Wed Dec 17, 2014, 12:01 PM

Dec 2014

It was invented by Swedish banksters in the 60s so they could legitimize the reactionary economic ideologies of people like Fred Hayek and Milton Friedman as a way of attacking Swedish social democracy.

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Highlight:

Russia Crisis Hits Pimco Fund, Wipes Out Options [View all] Jesus Malverde Dec 2014 OP

Russia was that catalyst for LTCM - the first big bailout CincyDem Dec 2014 #1

Thanks for that succinct lesson in financial priniciples. nt eppur_se_muova Dec 2014 #2

"a couple Nobel Laureates" Please don't call the Economics Prize a Nobel Prize. Odin2005 Dec 2014 #3

I understand what you're saying, but isn't it a ... mahatmakanejeeves Dec 2014 #4

It was associated with the real Nobel Prizes to give it legitimacy. Odin2005 Dec 2014 #5

Ahhhh...ok, what should I call them. CincyDem Dec 2014 #8

Looks as if Bill Gross fled Pimco just in time. n/t dixiegrrrrl Dec 2014 #6

If he shorted the holdings of his old boss, he can easily afford another block of inverted Jennys. mahatmakanejeeves Dec 2014 #7

"bullish ruble option contract" sendero Dec 2014 #9

K&R DeSwiss Dec 2014 #10