Deflationary spirals and low-balling Krugman
Funny to see how nobody can deal with the arguments of Paul Krugman, who argues the government is the only party in the economy who can spend enough to prevent […]
China prepares for energy crunch
We already posted some remarkable material from Simmons and co, who argued with hard figures that oil production has peaked in 2005. Now, the International Energy Agency (IAE) is warning […]
Will they ever learn?
Banks are rapidly turning into the real villains. These once masters of the universe not only had a large part in triggering this recession by gambling with other peoples money […]
Japanese crash
Anyone seriously thinking we don’t need radical measures to get us out of the economic slump and that talk about the seriousness of the economic situation is just scaremongering hasn’t […]
Which is the real catastrophe?
The editorial pages of the Wall Street Journal (otherwise an excellent newspaper) are usually politically situated to the right of Attila the Hun. That’s ok with us (live and let […]
Do tax payers need to bail-out the financial system?
Often, the best first approach to a difficult situation is to list as many ‘stylized facts’ as one can think off. Here is one ‘stylized fact’ to dominate all others: […]
Nationalize the banks VI
We’ve argued for some time that the best way to deal with the financial crisis would be to nationalize at least some banks (you can read that here, here, and […]
Since when is Karl Rove an economist?
The world faces an unprecedented recession, that could easily spiral into a deflationary rot from which it is very hard to escape, but politics is muddling the necessary response. This […]
“Greed is good?”
This is the famous maxim of Gordon Gekko in the film Wallstreet, emblematic of the late 1980s. This time around, we’re not so sure anymore whether it holds true.
Krugman for President!
We really have nothing to add to this article, and dare anyone to come up with any argument against it. It’s simply the best piece by far to appear for […]