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Jan
08
2009

Stimulating the stimulators?

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January 8, 2009

Given the sheer number of emails I am getting about this article I thought I should post it.

Some firms in the porn industry are asking for a bailout – inline with the fact that they have suffered from a sharp fall in demand as a result of the recession.

I would say that their main mistake was saying that they wouldn’t collapse if they didn’t get the bailout – it is all about being to big too fail :)

About the author

Matt Nolan

Matt Nolan is an economist at Infometrics (although the opinions expressed are independent of the organisation) . Email: nolan.matt@gmail.com; matt@infometrics.co.nz. Work phone: 04-496-5290

Permanent link to this article: http://www.tvhe.co.nz/2009/01/08/stimulating-the-stimulators/

1 comment

  1. John says:

    January 8, 2009 at 3:04 pm (UTC 12 )

    Matt do you think it would be possible to create an on-line virtual economy where we can all have a go at credit default swapping and marginal calls?

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