This ‘toon appears to have been doctored by someone who is not a fan of economists, no? Can you blame them? Hat tip, Larry W.!
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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as an economist by training…..no
In case you were wondering, these guys were hedging their investments in saber tooth tiger fangs.
via cds underwritten by goldman?