Deflation
Even the profits depend on a form of it, called wage deflation…
Rare moment of economic insight from ZeroHedge
Although it had to be a guest post…
The usual nonsense once again..
“Recovery is stalled by uncertainty over regulation derailing credit supply…” Yea, right..
Bond markets will face enormous supply
Apart from rolling over sovereign debt, it’s the banks that will have to tap the markets and the sums are staggering…
Three very good articles
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 […]
Nationalized banks?
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..
Six reasons for financial reform
Depend on your view of what caused the crisis, vintage Krugman stuff…
The Magnetar trade
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 […]
The function of banks and how to regulate them
Excellent stuff from Paul..
Greenspan blames housing bust, recession on Soviet collapse
Even after their demise the Soviets wreak havoc on the US, apparently. How about that for a defence…