Towards a black swan-proof world
Creative thinking based on evolutionary principles from the author of The Black Swan, a timely (and entertaining) book about once in a lifetime risks that because of the catastrophic results […]
Scaring us silly
Yes, the banks are in bad shape, but not that bad…
Even Obama is in the grips of market fundamentalism
Paul, once again, is absolutely spot on..
Power is shifting in the world economy
China seemed to have stabilized it’s economy and is starting to throw it’s weight around while predictable lobby’s in the US scheme to derail the efforts to regulate financial markets. […]
Bank plan falls short again..
After all the right moves from the Fed, the Geithner plan is, well, not so good…
Does the Fed read our blog?
Not likely, of course, but what they are doing now is exactly what we argued for some time…
Long live conservative banks and conservative policies
More and more evidence that countries which have a tight grip on their financial system have fared better, much better, in the present crisis..
Lack of regulation the cause of the crisis, says the IMF
Months ago, we wrote a host of entries here about insufficient regulation of the financial system, stemming from what we called ‘market fundamentalism’ (an ideology that sees free markets as […]
Save the banks!
Saving the banks is crucial, but the Government is dithering. As so often, Krugman is has a point or two..
Some sensible advice from Forbes
All three are good points, but there are a couple of caveats..