Tuesday, September 21, 2010

Brilliant new movie trailers (Don't worry, they relate to economics)


Inside Job:



Inside Job opens October 8 in Sydney.


Orgasm Inc:



It stars my friend Ray Moynihan, author of Sex, Lies & Pharmaceuticals



Oh, and if you've never seen Enron: The Smartest Guys in the Room, get it out:





Related Posts

. This will make you want to watch the news -- Soooo much

. The Money Men - they never lied to us. Right?

. 237 reasons to have sex (not all of them good)


1 comments:

The Lorax said...

Regarding Enron, you may find this interesting...

In October 2000, [Jim] Chanos started research into the valuation of Enron Corporation. He examined their use of mark to model (opposed to mark-to-market) accounting, which, in Chanos' experience, results in management overstating earnings, as well as what appeared to be a worryingly low (6-7%) return on capital investment. Enron stock declined from $90 in August 2000 to a low of $1 near the end of 2001.[3] Over this period, Chanos was a short seller of Enron during 2001, increasing his short position as more information surfaced. Kynikos profited greatly and Chanos himself became somewhat of a celebrity as a consequence of his early awareness of Enron's problems.[4]

More recently, James Chanos has warned that China’s hyperstimulated economy is headed for a crash, rather than the sustained boom that some economists predict.[5] He reiterated his concerns about the stability of Chinese economy, stating that historically analogous evidence points especially to a housing bubble, having mentioned commercial real estate in particular


And how is Chanos shorting China? He's shorting Australian mining companies.

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