Nationalize the banks II
We wrote last week that it would probably be best to nationalize the banks. We have some additional arguments..
Banks and free markets
You might not have noticed, but in general, we’re supporters of free markets. However, we blamed at least part of the crisis on a rigid free market ideology, leading to […]
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.
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 […]
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.
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 […]
How about this for a bubble..
And it’s about to burst as well. What foreign diplomacy and policy were impotent to achieve but good old US style bubble economics has no trouble in letting Putin sing […]