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Europe's Economic Troubles Have Worldwide Impact
How the U.S. can escape the pending economic black hole
June 7, 2012In the meantime, we are beginning to see how a slowing of economic activity in Europe can impact other countries, with Chinese and Indian growth declining. And as growth in those countries slows, so, too, does demand for raw materials from Australia, Brazil and South Africa. Meanwhile, the U.S. could see yields on government bonds rise significantly if the Chinese government substantially reduces its purchases (as exports fall). This has the potential to create a vortex in which the entire global economy slows down.
Bair on U.S. Bond Bubble Possibility
May 9, 2012, 9:09amThe United States government, the Fed and financial markets don't have a great track record when it comes to spotting bubbles. The financial markets missed the dot com bubble in the late 90's and, more recently, the Fed didn't pay close enough attention to the housing bubble, which peaked back in 2006. Is it possible that we could be in the midst of yet another bubble?
Considering Causes of Recessions vs. Rates of Recessions
April 27, 2012, 3:14pmAssuming the desirability of a recession rate, speed of economic growth, and level of equality all divorced from their causes is not a leap of logic we should lightly undertake.
Sheila Bair on the Prowl, a Guide
April 16, 2012, 8:40amThe idea former FDIC Chairwoman Sheila Bair proposes in her Washington Post op-ed is completely crazy, but that is the point. She is just articulating what Fed policy is for the financial system, suggesting it for the population as a whole, and showing it to be crazy on both fronts. Here is a guide to understanding the Bair tongue-anchored-to-cheek op-ed.
Refining the Story of the Financial Crises in Europe and the USA
What new information is telling us about the causes of the financial crisis and how they relate to the economy today
April 9, 2012A significant amount of research has already been made about the financial crisis. But a midterm primer is nevertheless necessary;it is critical to assess the nature of the crises to ensure that the proper lessons are learned.
This article aims to present a history on the causes of the financial crisis that first emerged in the U.S. in 2007. Then it will analyze the roots of the current state of the economic crisis in Europe and the U.S. It will also assess the effects of the crises on the European and American economies. Consequently, a range of topics are discussed in the article, some of which have received deeper treatment elsewhere in economic literature, but have not been pieced together to provide a coherent past and present picture of the situation.
A Financial Products Agency is a Bad Idea
April 3, 2012, 10:21amBack in February Eric Posner and Glen Weyl, both of the University of Chicago and deservedly respected economic and legal minds, wrote a paper proposing a Financial Products Agency. The idea is relatively simple—just as the FDA must approve new food and drug products for consumption, an FPA should approve all new financial products with a test measuring for social benefit. This is a terrible idea for at least three reasons.
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- Europe's Economic Troubles Have Worldwide Impact
How the U.S. can escape the pending economic black hole
Julian Morris
June 7, 2012 - Congress Plays Charades with Insider Trading
STOCK Act gives appearance of crackdown but achieves little
James Groth
December 20, 2011 - Trillion Dollar Bailouts Equal Crony Capitalism
The Federal Reserve was supposed to be a lender of last resort, not an ATM for Wall Street.
Anthony Randazzo
December 12, 2011 - How Government Props Up Big Finance
The financial industry has grown large on the backs of government handouts, manipulated regulation, and taxpayer bailouts
Anthony Randazzo and Marc Joffe
November 28, 2011 - Consumers to Dick Durbin, Walmart: Thanks for the New Banking Fees!
As banks conjure up ways to make up for their federally imposed losses, the retail industry is sitting silently on the sidelines enjoying an estimated $7 billion in increased revenue from the transaction fee limitations
James Groth and Anthony Randazzo
November 10, 2011 - Stop Mortgage Investor Bailouts
An open letter to Occupy Wall Street
Anthony Randazzo
October 21, 2011 - A Messy Story
Book Review: How the financial system lost its way
James Groth
October 11, 2011 - Letter to SEC Regarding Assigned Ratings
An assigned ratings system is well-intentioned, but is highly vulnerable to unintended consequences
Anthony Randazzo
September 14, 2011 - Did Fannie Mae Bail Out Bank of America?
Fannie Mae agreed to buy the mortgage servicing rights of a portfolio of loans from BofA, but the purchase price is unknown because absolutely no one is talking
Anthony Randazzo
September 14, 2011 - Damn This Recession!
The rise of the unemployees
Tim Cavanaugh
August 29, 2011 - The Fed's QE Makes Life Difficult
How quantitative easing is helping investors but hurting households
James Groth and Anthony Randazzo
August 25, 2011 - Reviewing Geithner's Financial Reform Principles Regarding Dodd-Frank
A year has gone by since the Treasury Secretary unfurled his plan, and it is clear that regulators cannot walk Geithner's talk
James Groth and Anthony Randazzo
August 3, 2011 - Stimulus to Nowhere
The failure of Obama's economic agenda
Steve Chapman
June 30, 2011 - The Truth About Hedge Funds and the Financial Crisis
Separating economic fact from economic myth
Veronique de Rugy
March 18, 2011 - Why Does Government Suppress Information?
The case for legalizing prediction markets
John Stossel
February 24, 2011 - Story Time With David Brooks and Paul Ryan
The wonky legislator and the cerebral columnist battle over the big-government narrative.
Peter Suderman
December 3, 2010 - Freer Is Better
Measuring economic liberty around the world.
John Stossel
October 14, 2010 - It Can Happen Here
Government really can be cut: case studies from Canada, New Zealand, and the United States
Maurice McTigue, David Henderson and Arnold Kling
October 12, 2010 - Basel Accord Redux Redux
The Basel III Accord—a third revision of capital regulations in three decades—won't have enough of an impact on Wall Street to dissuade another financial crisis.
Anthony Randazzo
October 6, 2010 - Towards an Alternative Regulatory Culture
Ideas for fixing Dodd-Frank when the time comes
Anthony Randazzo
September 27, 2010 - Bank Shot
Oliver Stone cashes out with Wall Street: Money Never Sleeps
Kurt Loder
September 22, 2010 - Breaking Down the Derivatives Market
The new rules governing derivatives trades don't address real problems
Anthony Randazzo
September 7, 2010 - Where Are the New Jobs?
Why bigger government isn't working
John Stossel
August 26, 2010 - More Fed Power Won't Save the Economy
After failing to catch the last bubble the Fed and Treasury have been selected to stop the next crisis... really?
Anthony Randazzo
August 4, 2010 - Senate Fails Government-Sponsored Rating Agency Reform
The Franken amendment to the Senate banking bill will make the rating agency problem worse.
Anthony Randazzo
May 19, 2010 - A Growing Concern: Bank Taxers Without Borders
A global bank tax would be bad no matter how you slice it
Marius Gustavson
March 24, 2010 - Not Change, More of the Same
Ignoring history is not the path to effective financial services reform
Anthony Randazzo
December 14, 2009 - Government Officials Say Sweeping Financial Overhaul Is Coming
New financial regulations could make things worse if Congress isn't careful
Anthony Randazzo
March 23, 2009
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