Sunday, March 1, 2009

The Formula Behind the Recession

In today's harsh economic times it seems as though everyone is looking for someone to pin the blame on; finger pointing has become rampant. I don't mean to follow suit but, the other day I read an interesting titled "Recipe for Disaster: The Formula That Killed Wall Street". The article details how a mathematical formula, which was created to simplify the assessment of risk, is at the epicenter of today's problems. I suggest reading it if you want to gain a deeper understanding of the current crisis. Here's the formula:

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