Serial Correlation

A whimsical journey through the capital markets and other topics that bemuse me. I will attempt not to correlate well with the topics covered by my blog roll but I promise nothing as it is a very comprehensive list of financial and economic commentary.

Sunday, June 27, 2010

Why you should run surpluses in good times, so the budget doesn't look like crap when bad times invariably arrive

Posted by Charles Swann at 8:11 AM No comments:
Labels: fiscal deficit
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Charles Swann
celebrity in the Parisian social scene, counting among his friends the Prince of Wales and major players in the French aristocracy. A wealthy stockbroker, he becomes an expert art critic and dealer. Swann is also a womanizer who does not see women for who they really are, but instead compares them to paintings in order to make them more attractive; a tragic form of vanity and self-love.
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