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29 comments on Tuesday Acronym Open Thread...

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Nate Hagens on February 7, 2006 - 2:37pm Permalink | Subthread | Comments top
Two comments:
1) I wonder if the reason oil is down is due to the CERA conference in Houston today - no doubt they are spinning the bearish case on oil. (Im being facetious regarding market but who knows?)

2)Sign of the times (goes along with Rapture index) Economics is now the most popular undergrad major

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IrishD on February 7, 2006 - 5:24pm Permalink | Subthread | Parent | Comments top
The invisible hand contigent grows. "The market will create parachutes after we step off the cliff!" (I guess if it's a really long way down...)
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step back on February 7, 2006 - 6:20pm Permalink | Subthread | Parent | Comments top
from undergrad major link above:
 "People are fascinated with applying the economic mode of reasoning to a wide variety of issues, and these forces are causing them to study economics more and more," says Lawrence H. Summers, president of Harvard and former secretary of the Treasury.

I can see some of these believers of "just-in-time supply chains" expecting the parachute to be handed to them as they pass the 33rd floor of the Empire State Building. (Overheard at the 34th floor level: "So far, so good.")  

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