2010

Last June I wrote a post on the topic of corporate governance that pointed to one of only two outcomes as the likely result of the bank bailouts. Outcome number one was bank prudence and low credit growth in the face of uncertainty. Outcome…

from Win Thin, Global Head Of Emerging Markets Strategy, BBH Philippines central bank said it will use a mix of tools to manage capital inflows, since those inflows can “complicate” monetary policy.  Level of concern appears low, but…

This is a cross-post from the new economic blog Global Economic Intersection. Ratings agencies have been criticized for inadequately determining risk in the massive collection of debt securities created in the credit bubble.  A second…

by L. Randall Wray, Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute and author of…

Highlights The US dollar is mixed today and the real feature is the euro’s strength.  Asian central bank reserve diversification and model-driven leveraged accounts appeared to help drive the euro higher.  News that US Treasury…

Below is a good comprehensive video highlighting the spending review outlined by the Chancellor George Osborne yesterday in the House of Commons. See relevant articles on this in the links. Here is an unedited version of Mr Osborne's…

Topic of the Day: Britain's Austerity Budget What I didn't say on the BBC | Credit Writedowns It Is Not Just John Maynard Keynes, It Is Milton Friedman Who Is Being Thrown Over the Side - Grasping Reality with Both Hands FT.com…

One of the surprises of the year has been the increased internationalization of the yuan, even though the capital account has not been liberated and the currency remains tightly managed. We were skeptical of the significance of the yuan…

I am an affiliate of INO, a website which is geared to individual investors. I haven't posted much from their site here but I thought their latest video on gold was interesting so I'll say a few words about it. (disclosure: as an affiliate…

I was on BBC Radio Five Live at about 4AM local time this morning for a good 5 to 10 minutes, talking about the coalition government's austerity budget. My basic message was that austerity-lite might be defensible but full austerity is…