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What if the Credit Crunch is a Symptom?

December 11, 2008
Rare is a consensus among economists, the practioners of the dismal science. Yet there seems to be nearly universal agreement about the nature of the current crisis and the parallels with the Great Depression. The paralysis of the capital markets and the inability and/or unwillingness of banks to lend derailed the real economy. By word and by deed…
What if the Credit Crunch is a Symptom? What if the Credit Crunch is a Symptom? Reviewed by magonomics on December 11, 2008 Rating: 5
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Market Watch: China Currency Outlook Market Watch: China Currency Outlook Reviewed by magonomics on December 01, 2008 Rating: 5
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Why No Currency Crisis

November 20, 2008
The historic financial crisis has taken a toll on every country, every market, and every investor. The innocent have been punished alongside the guilty. There is no play book for policy makers to consult for anything outside the bare essentials. Provide ample liquidity. Use both monetary and fiscal policy levers. Prevent a total collapse of the fi…
Why No Currency Crisis Why No Currency Crisis Reviewed by magonomics on November 20, 2008 Rating: 5
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G20 Early Post-Mortem

November 16, 2008
The G20 issued a statement that threw its collective weight—accounting for almost nine-tenths of the world’s GDP—behind pro-growth and pro-trade policies. The attendees broadly agreed to take additional fiscal and monetary measures and pledged not to impose new trade barriers. This is the most that could have reasonably expected.
G20 Early Post-Mortem G20 Early Post-Mortem Reviewed by magonomics on November 16, 2008 Rating: 5
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CNBC: Trading Block CNBC: Trading Block Reviewed by magonomics on November 14, 2008 Rating: 5
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Bretton Woods Redux: The Real Bridge to Nowhere

November 13, 2008
Don’t heed the hype. This weekend’s G20 Summit will not, and cannot live up the hopes that a new financial architecture will be unveiled. It will likely be little more than a photo opportunity for the political class to demonstrate to their people that they are doing some about the global crisis.
Bretton Woods Redux: The Real Bridge to Nowhere Bretton Woods Redux: The Real Bridge to Nowhere Reviewed by magonomics on November 13, 2008 Rating: 5
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Socialism or National Socialism?

November 07, 2008
Governments in numerous countries, especially in the high income countries, have responded to the current acute financial crisis by extending their role in the economy in ways that have not been seen in at least a couple of generations and in magnitude that appears unprecedented. Many observers, and not just unrepentant ideologues, are worried tha…
Socialism or National Socialism? Socialism or National Socialism? Reviewed by magonomics on November 07, 2008 Rating: 5
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