Sunday, August 9, 2009

Economic Fundamentals: Snoring Through Principles of Economics

This is just too funny not to post...

In every economics class, students are taught that when supply exceeds demand, prices must fall. They must.

To bad our current Treasury Secretary (possibly the worst in history, which is saying something considering his predecessor) must have slept through Econ 101.

As with all good humor, it's based on truth. Maybe Goldman alums are so used to manipulating big markets they think they can manipulate all markets, just because they say so.

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Fortunately, your success doesn't depend on the actions of the "capable" Geithner (and what do you expect Shiller to say, the truth?).

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