Nationalize the banks!
No, we’re not socialists. But it seems the only way. And in the future, they can be returned to the private sector, perhaps even for a handy profit.
Phill Gramm still doesn’t get it, at all..
Guess who wrote this: “I don’t see why conservatives ought to defend a system that permits securitizing mortgages (or car loans) in a way that seems to make the lenders […]
Paulson backtracks, rather embarrassingly
Sometimes Wall Street really doesn’t get it. Numerous economist (us included) have argued numerous times from the sidelines that the original Paulson plan was bad. We have aslo argued that […]
China’s big economic stimulus package
Just as we wrote that ultimately, the limits of monetary policy in a deflationary environment can be overcome with the help of a great public spending boost (guaranteeing that the […]
In the end, there is a simple solution to all of this..
It’s not without risk, but these risks are further away, and they can be dealt with.
What Obama needs to do
Some observations and priorities. First some immediate action to arrest the precarious slide in the US economy, second a more enduring task to reinforce America’s brand of free-market capitalism, which […]
Hedge funds’ lost aura of invincibility
The next wheel to come off in the financial markets.. If you wondered why your stock is gyrating up and down (but mostly down), look no further for an explanation […]
European Central Bank way too cautious
England once again takes the lead in Europe by cutting interest rates by a quite unprecedented 1.5% (to 3%). We feel that Trichet, the head of the European Central Bank […]
What Obama can do
Actually quite sensible stuff from Jim Cramer. We’re not too sure about bailing out the car manufacturers though. Were would it end if the government begins with that? There is […]
Euro power
A decade ago and more, when we were in a previous life in the academe, we had lively discussions about the pro’s and con’s of the euro (we used to […]