In a stunning development, a trio of economists win the Nobel Prize for predicting that failed Keynesian models and a broken monetary system would result in the second Great depression.
Just kidding.
For all those hoping Barack Obama would add the Nobel Prize in Economics to his current Peace Prize inventory, our condolences: you will have to wait one more year.
2013 Prize in Economic Sciences awarded to: Eugene F.Fama, Lars Peter Hansen & Robert Shiller #NobelPrize [7] pic.twitter.com/hOkPHQqi7W [8]
— Nobelprize_org (@Nobelprize_org) October 14, 2013 [9]
In other news, Fama, Hansen and Shiller promptly launch Short-Term Capital Management. Government bailout is expected in 3-6 milliseconds.