tag:blogger.com,1999:blog-3401584991689197404.post5936460148291275334..comments2024-03-02T09:41:35.809-08:00Comments on Donkeylicious - A Blog by Neil Sinhababu and Nicholas Beaudrot: It Can't All Be LayoffsNeil Sinhababuhttp://www.blogger.com/profile/03249327186653397250noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3401584991689197404.post-65544490302819572172010-04-15T11:27:51.151-07:002010-04-15T11:27:51.151-07:00There is definitely a big accounting issue here: b...There is definitely a big accounting issue here: big banks lost outsize quantities of money in 2008, bringing down the estimate. I would say that the first thing to do to understand what really happened is to separate financial companies out of the sample -- otherwise you have this problem where you're comparing a $100 loss to a $1 gain in the next year and you don't know it.Dennishttps://www.blogger.com/profile/15455880918686612254noreply@blogger.com