Word: constants
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...constant business updates, go to 24/7wallst.com...
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...constant business updates, go to 24/7wallst.com...
...course, there are major differences between today's banking and monetary systems and those of the 1930s, but the one constant is human behavior. Personal balance sheets, corporate balance sheets and bank balance sheets will inexorably move into safer instruments given the wealth destruction that has occurred in riskier assets over the past year (and which will continue for the foreseeable future). If the banking sector alone were to move toward its more conservative 1935 ratios, then the increased demand for government paper from that source alone would be $700 billion...
...study the unpredictability of punitive damages in legal cases. “We’d have a conversation on Thursday and by Saturday night there’d be a 15-page draft in an e-mail,” he said.One thing that has remained constant in Sunstein’s life is his love of squash. In 2008, Sunstein said that he played three to four times per week. The sport gave him chances to learn the power of colorful analogy from legendary coach Jack Barnaby ’32, to predict other players’ moves...