Au sujet de la "crise" du capitalisme

mercredi 29 octobre 2008 ·

Un peu à la Richard Hétu (de coller des citations pour exprimer son propre opinion), je vous fais part du commentaire de mon collégue Georges Jonas du National Post au sujet de la crise :

The late Andy Sarlos, a skilled and periodically successful player in world markets, who expected bubbles to burst long before they formed, wrote in his 1993 book Fireworks that “any company you invest in should owe less than it’s worth.” Sage advice, but not easy to follow in an economy where a government first inflates a bubble by promoting “affordable housing” — i.e., home ownership for people who can’t afford it — through both lending regulations and enterprises such as Fannie Mae and Freddie Mac — then, after the bubble bursts, aggravates its impact by mandating so-called “fair value” or “mark-to-market” accounting principles that require financial institutions to knock down the book value of the very subprime securities the government fostered in the first place.
Faillite des marchés ou blâme sur les marchés?

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Bryan Breguet est candidat au doctorat en sciences économiques à l’université de Colombie-Britannique. D’origine Suisse, il a passé les cinq dernières années au Québec au cours desquelles il s’est engagé en politique provinciale malgré le fait qu’il ne possédait pas encore la citoyenneté canadienne. Il détient un B.Sc en économie et politique ainsi qu’une maitrise en sciences économiques de l’université de Montréal. Récipiendaire de plusieurs prix d’excellences et bourses, il connaît bien les méthodes quantitatives et leurs applications à la politique.







Vincent Geloso holds a master’s degree in economic history from the London School of Economics, with a focus on business cycles, international development, labor markets in preindustrial Europe and the new institutional economics. His research work examined the economic history of the province of Quebec from 1920 to 1960. He holds a bachelor’s degree in economics and political science from the Université de Montréal. He has also studied in the United States at the Washington Centre for Academic Seminars and Internships. Mr. Geloso has been an intern for the Prime Minister’s cabinet in Ottawa and for the National Post. He has also been the recipient of a fellowship from the Institute for Humane Studies and an international mobility bursary from the Ministère des Relations internationales du Québec. Currently, he is an economist at the Montreal Economic Institute.

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