Why isn’t anyone responsible for the greatest heist in history behind bars?
A must read. Matt Taibbi asking the question. Here is his answer. Disturbing, really disturbing…
Bank executives understood the risks
But went ahead anyway, and pocketed a cool $2.6B, and that’s just the proceeds for selling their own bank stock by the 14 CEO’s, while long-term shareholders did very badly..
Global liquidity seems to be falling
So much for too much money chasing too few goods…
Did the poor cause the financial crisis?
Former IMF chief economist Simon Johnson on the case..
ZeroHedge unhinged again
Tyler Durden back into fight club mode, but as usual, almost entirely devoid of substance..
Financial crisis was avoidable
What a surprise..
What happened to the economy?
This good piece is so close to our position on the economy it seems like a summary of two years writing..
The holy grail of macroeconomics?
Say ‘balance sheet recession.’ The one book everyone should read to understand the present predicament. Only by actually understanding what’s going on can proper policies be evaluated.
Cutting-edge macro-economics analysis of the crisis
Yes, that guy again. Not only a columnist. Combining original work from Koo (on balance sheet recessions), Irving Fisher (debt-deflation) and Minsky..
DEFLATION
We’ve been warning for years. It’s now arriving in the US. Core PPI down by 0.6%. So much for those arguing QE would be inflationary..