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When economists brush with death


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2012 Sep 23, 4:08pm   1,336 views  2 comments

by uomo_senza_nome   ➕follow (0)   💰tip   ignore  

http://www.businessspectator.com.au/bs.nsf/Article/financial-crisis-economy-stock-market-shares-pd20120923-YEDVJ

The magic of margin was that, if shares rose a mere 10 per cent, you doubled your money, turning $10 million into $20 million. The catch was that, if shares fell by 10 per cent, the broker could insist that you keep the value of your portfolio by adding another $10 million. If you didn’t have a spare $10 million, you were bankrupt.

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1   freak80   2012 Sep 24, 1:53am  

Everybody knows that economists are into thrill seeking and extreme sports. It's the dismal science. You've got to do something exciting on the weekends.

2   uomo_senza_nome   2012 Sep 24, 5:01am  

freak80 says

You've got to do something exciting on the weekends.

:) you're right.

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