Arden Partners — Beware of Greeks Bearing Gifts
byThe brilliant economist Ewen Stewart of Arden Partners sadly shows we are going the way of Greece, not Ireland: We call the UK the…
Bail out
Greg Mankiw Ponders Greenspan’s Paper the Crisis and Considers 100% Reserves
byWe are grateful to Robert Arbon for pointing out this article on Greg Mankiw’s Blog: I just returned from the spring meeting of the…
Corrigan on inflation, unemployment and the stimulus
byOn inflation, unemployment, especially desperate youth unemployment, and the stimulus. Consider, in the lows of the first years of the century, there were 2.8…
Boris: The Greeks must be rueing the day they whacked the drachma
byBJ’s excellent article today rightly draws comparison between the bailout of Greece and the bailout of Northern Rock. He makes the excellent point that…
Imagine that the Crisis was a Shortage of Bread
byOne day in October 2008, the UK’s banks all collapsed. Perhaps it would be more accurate to date stamp the collapse one year earlier…
The 5 percent banking system bailout – The reciprocal of derivatives calculus
byThose unfamiliar with the fine detail of derivatives pricing, regulatory capital, and accounting may have been surprised by Warren Buffet’s 2002 observation that derivatives…
Treasury rift with Bank deepens over secret loan – Times Online
byVia Treasury rift with Bank deepens over secret loan – Times Online: Relations between the Governor of the Bank of England and the Chancellor…
Roubini Predicts “Mother of All Carry Trade Unwinds” « naked capitalism
byNouriel Roubini has officially left the “hedging your bets on the economy” camp. He has declared the markets to be frothy because super low…
UK must not let ‘zombie’ banks drain the economy – Telegraph
byLiam Halligan writing in the Telegraph: Japan didn’t stagnate in the 1990s because it refused to do QE and a massive fiscal expansion, or…
The Sub-Prime Debacle – What Will Future Historians Say?
byLiam Halligan has kindly agreed to publication of the transcript of his address to the Cobden Centre/Libertarian Alliance dinner on 30 September 2009. INTRODUCTION…