Tuesday, November 2, 2010

FinancialEdge: 5 Big Names That Profited From The Recession

Economics is fortunately almost never a zero-sum game; there can be multiple winners and even in the worst of times there can be players who manage to benefit and grow. Such is the case for this latest recession. While Lehman Brothers, Bear Stearns and hundreds of small banks have disappeared from the landscape (at least as independent entities), others have seen their business or prospects actually improve. (This company survived many financial crises in its long history. Find out what finally drove it to bankruptcy. Check out Case Study: The Collapse of Lehman Brothers.)

Here is a short list of some the most notable beneficiaries of this recent recession.

The Oracles
Although there were arguably many voices talking about the housing bubble and the large systematic risks that it was creating, two names really rose out of the noise. NYU economics professor Nouriel Roubini has appeared prophetic with his predictions of how the collapsing housing market would ripple through the economy. Likewise, Nassim Taleb, author of the The Black Swan, has seen his work jump into the spotlight with broad acclaim for its discussions of the flaws inherent in risk assessment and prediction.


To read the full piece, please click on the link:
http://financialedge.investopedia.com/financial-edge/1110/5-Big-Names-That-Profited-From-The-Recession.aspx

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