Banking
Charlie Rose Interviews Elizabeth Warren
“I am afraid. I’m afraid because of what I see in the real economy. I’m afraid because I don’t see books that are clean, balance sheets that have been cleaned up. I’m afraid because in October of 2008, Secretary Paulson came to the American people and he said the problem is... »
Rogoff: Japan’s Slow-Motion Crisis
Ken Rogoff, who recently wrote a book on financial crises and recoveries (This Time is Different: Eight Centuries of Financial Folly), published an article on the never-ending Japanese recession. Nobody wants to end up like Japan, And yet, visitors to Tokyo today see prosperity everywhere. The shops and office buildings are bustling with activity. Restaurants are... »
Economists: Another Financial Crisis on the Way
We’ve put humpty back together again. See! He looks great, sitting on the wall…you can’t see the tape and glue underneath his flashy new clothes. All we had to do was borrow a few trillion and things are as they were. Record bonuses at investment banks *prove* that things are back to normal, right? Or... »
GREED & Fear
Asia: healthy inflation, due to incomes growth West: unhealthy deflation, due to debt deflation Chris Wood, author of GREED & Fear and strategist at CLSA provides a dire outlook on the Western world: “My view is that there is an inevitable endgame as a result of all this massive spending of taxpayer money in the West and... »
Matt Taibbi on the Bailouts
Matt discusses the bailouts and how the big banks are making billions of profit while smaller regionals are gasping for breath. »
The FDIC Well Runs Dry
The well is dry. FDIC officially doesn’t have enough cash on hand to cover projected loan-losses from insolvent banks in its stewardship. No, this doesn’t mean FDIC closes shop. It means that FDIC 1) prays that it doesn’t need the cash; and 2) makes sure the Fed and US Treasury are on speed dial so... »
Presenting: America Saves Week
So on one hand we have policies that aim to get consumer spending and credit flowing again…and on the other hand we have policies promoting personal fiscal prudence. In my book prudence rules. But what a mess… Press Releases FDIC Calls Upon Consumers to Save and Build Wealth America Saves Week is February 21-28 FOR IMMEDIATE RELEASE February 22, 2010 Media... »
Charlie Munger…It’s Over
Basically, It’s Over A parable about how one nation came to financial ruin. By Charles Munger Source: Slate »
Meredith Whitney Looking for Bigger Bank Losses
Whitney believes believes the US banking system will lose 30% more than consensus estimates due to shrinking loan portfolios, and the possible end of extraordinary bond, currency and commodity trading gains. “Your good borrowers don’t want to borrow, and your bad borrowers you’re trying to kick out of the system,” she said. “So on average... »
Banking Successes & Failure
Course description: Banks, which were first created in primitive form by goldsmiths hundreds of years ago, have evolved into central economic institutions that manage the allocation of resources, channel information about productive activities, and offer the public convenient investment vehicles. Here is a Yale University course, provided by Robert Shiller, on the evolution and operation... »