We Cannot Have Discipline So We Must Have Pain

James K. Galbraith

A chapter in Unbearable Cost, 2006, pp 139-140 from Palgrave Macmillan

Abstract: Abstract I have at least two friends — divorced women in their fifties, intellectuals, with literary and cultural interests — who put their nest eggs into NASDAQ stocks earlier this year. Ouch! Neither of them was rich, nor ever destined to be. Now they will be somewhat less so.

Keywords: Interest Rate; Federal Reserve; Unrealistic Expectation; Percent Gain; Margin Requirement (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23672-1_41

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DOI: 10.1057/9780230236721_41

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