ZeroHedge remains an interesting site, despite their senseless and almost completely unsubstantiated daily rants against Keynesianism (or better, what they think is Keynesianism). This is a must read on the extraordinary levels of income inequalities in the US. We will, as promised earlier provide a theory of why this is one [...]
Entries Tagged as 'Credit Crisis'
Extreme income inequality
August 30th, 2010 · 3 Comments
Tags: Credit Crisis · Economy
Liquidity trap
August 27th, 2010 · 1 Comment
Nasty stuff, that. The Fed saved the day, for now, by hinting another round of QE if the economy gets even worse. But what would QE actually achieve under the present circumstances? Very little..
Tags: Credit Crisis · Economy
Deflation
August 27th, 2010 · No Comments
Even the profits depend on a form of it, called wage deflation…
Tags: Credit Crisis · Economy
Rare moment of economic insight from ZeroHedge
August 23rd, 2010 · No Comments
Although it had to be a guest post…
Tags: Credit Crisis
The usual nonsense once again..
August 19th, 2010 · No Comments
“Recovery is stalled by uncertainty over regulation derailing credit supply…” Yea, right..
Tags: Credit Crisis · Opinion
Bond markets will face enormous supply
July 21st, 2010 · No Comments
Apart from rolling over sovereign debt, it’s the banks that will have to tap the markets and the sums are staggering…
Tags: Credit Crisis
Three very good articles
July 9th, 2010 · No Comments
One very thorough one on the state of European banks, another one from Simon Johnson, former chief economist of the IMF, on failure of financial reform, and then one on the US debt situation. Turns out it’s private debt, not public debt which is (or at least, should be) the main worry..
Tags: Credit Crisis · Reform Capitalism
Nationalized banks?
April 26th, 2010 · 1 Comment
During the credit crisis, we argued that temporary nationalization would be the best option to deal with financial institutions gone wild. Turns out we might have been to moderate..
Tags: Banks · Credit Crisis
Six reasons for financial reform
April 22nd, 2010 · No Comments
Depend on your view of what caused the crisis, vintage Krugman stuff…
Tags: Credit Crisis · Reform Capitalism
The Magnetar trade
April 19th, 2010 · No Comments
Shows again why financial markets are rife with information asymmetries that the party in the know exploits. Since financial products are often very complex, this problem is rife and the prime reason for regulation..
Tags: Credit Crisis