Economy Grinds To Halt As Nation Realizes Money Is An Illusion
Leave it to The Onion to speak the Truth: The U.S. economy ceased to function this week after unexpected existential remarks by Federal...
Should have, would have, could have
The power of counterfactual reflection on life’s pivotal moments. According to new research by management professors Laura Kray and...
Wednesday Reads
Some items that caught my eye today: • How to walk the fiscal tightrope that lies before us (FT) • Wall St. Helped Greece to Mask...
A Quick Look at Household Balance Sheets
Interesting data set from Dave Rosenberg: • Households own $18.2 trillion of residential real estate, even after the value destruction...
King Report: Greek Crisis Turns into a Political Crisis
> The Greek Crisis has become a major political crisis for Europe. • Due to populace pressure against bailouts, politicians are...
Federal Reserve Declares Recession Over
Last month, we noted that the St. Louis Fed had declared in their charts that the recession was over (Dude, Where’s My Recession Bar?)....
Krugman: What Have Learned From the Crisis (if anything)?
Economist Paul Krugman speaking recently at MIT about the financial crisis of the last few years: Krugman: What Have Learned From the...
Is The Second Leg Of The Credit Crisis Starting?
In an earlier post titled “CDS rates, What Is The Thermometer Telling Us?” we said: Sovereign default rates are moving higher across...
Deficit Hawks Want New (or double dip) Recession
One of the oddest things to come out of the entire credit crisis, recession and muddling recovery has been the sudden re-emergence of...
The Age of Balance Sheet Recessions: What Post-2008 U.S.,...
The Age of Balance Sheet Recessions: What Post-2008 U.S., Europe and China Can Learn from Japan 1990-2005 Richard C. Koo Chief Economist...