2012

In May I wrote a post asking "Why can’t people understand national accounting?" and I was heartened that the post seemed to get a lot of traction. Most people don't get it. In fact, I didn't get it until a few years ago. Here's a chart…

Why is the global economy hamstrung by heavy debts and weak banks? Or put another way, why doesn’t deleveraging happen, and the weight of debt reduce, and why doesn’t the economy expand so the weak banks can once more become robust and…

The VIX index hit a multi-year low today (it went below 14.1 this morning).

Here's another Tech Ticker segment on the state of the economy. Noted economic bear Gary Shilling believes the US is in recession or will be entering one shortly. His view is that wages have not grown robustly enough to warrant the level of…

Here's a good video from the Tech Ticker guys showing us that the opaque nature of asset-backed securities is catching up with Wall Street again. This is now becoming a problem in the credit card industry.

I'm back from vacation! The links are light today so let me give you an added few tidbits from this week's Gold member post on the euro zone.

The culture of fraud in economics is a severe problem, and Harvard is a “hot spot” of that culture.

In the German press, there have been a number of stories recently that indicate that the German government will not commit any more money to bailouts in the euro zone. Specifically, the reports of greatest interest have to do with Germany's…

In the video below, Bill Black argues that the Obama Administration, following in its tradition of not bringing forward criminal prosecutions, decided not to prosecute Goldman Sachs. Bethany McLean argues the other side. The host, Maria…

Now, to the hearing that preceded the Senate confirmation vote on August 11, 1987