Tag: crashes

Nanny State Nonsense
ecthompsonmd July 9, 2013

One of my life long friends, a card carrying conservative, stated during one of his rants that Obama wants Americans to live in a Nanny State. This is a Fox News induced fantasy. We know that this Nanny State is nothing but nonsense. Here’s what I know. I need a federal government that is strong enough to protect every American’s right to vote. I know that there are powerful forces (Texas, Mississippi, North Carolina) who would rather that I shut up and sit down. As an American, it is my right to vote and it needs to be protected. We have

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Long-Term Capital Management – The Carnage
ecthompsonmd October 9, 2010

This is the last in my series (here, here, here) on Long-Term Capital Management. For those who haven’t been following, long-term capital management is a hedge fund that was started by John Meriwether. John Meriwether was one of the founders of arbitrage trading. He started this over at Salomon Brothers. Meriwether gathered an All-Star team and opened the fund in 1994. The first three years can only be described as an amazing success. Almost everything they touched turned to gold. There were using the sophisticated computer models which wowed Wall Street. (Much of the following information comes from the book When

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Stock Market crashes
ecthompsonmd February 27, 2007

The Bush Administration has done everything in its power to pump up the Stock Market.  Tax Cuts to the Wealthy.  Tax Cuts to Business. Cut Capital gains tax. In spite of this, today was the 7th worst day of all time. ——— From CNN.com: Stocks tumbled across the board Tuesday, after declining markets in China and Europe and a steep drop in durable goods orders triggered a massive selloff on Wall Street. The Dow Jones industrial average (down 416.02 to 12,216.24) tumbled 416.02 points, its biggest one-day point loss since the day the stock market reopened after the Sept. 11th attacks.

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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The Thirteeneth Juror

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