The Errors of Posen, New MPC Recruit
byNorma Cohen in the Financial Times of 26 October 2009 wrote: Britain’s economy cannot recover unless its damaged banking system is restructured, the newest…
Banking
John Kay warns us of the negative effects of one class having economic privilege over others.
byThis article is a timely reminder that economic privilege, be it from bankers who can lawfully run their businesses whist making no provision for…
FT.com warns us of the impending commercial property bubble and its potential bursting!
byhttp://www.ft.com/cms/s/0/c4e12218-ced4-11de-8a4b-00144feabdc0.html Caitlin Long warns us that there is another impending credit fuelled bubble that is due to be created to accommodate the commercial property…
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…
Hands off our banks! Neelie Kroes decrees that Britain must split and sell rescued banks now!
byChris Neal outlines his tax payers’ revolt. In October 2008 Messrs Brown and Darling assured the British tax payer that we had a reasonable…
Lloyds seeks £23bn to exit state scheme – Times Online
byLloyds will announce within days a controversial £23 billion fundraising that will bolster its balance sheet and finally repair the damage caused by its…
FT.com / Martin Wolf – Why curbing finance is hard to do
byWriting in The Financial Times, Martin Wolf explains “Why curbing finance is hard to do”, discussing the separation of “utility” and “casino” banking and…
Salamanca — day 2
byToby Baxendale and Steve Baker enjoyed a second fascinating day at the joint Ludwig von Mises Institute and Instituto Juan de Mariana conference in Salamanca,…
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…
FT.com | Putting an end to financial crises
byA second FT article discussing 100% reserves: T’was the year the country stood still. Not a car, truck, or bus rode the roads. No…