Debtflation

Morgan Stanley has an interesting piece out this morning called Debtflation. In the past, they have raised alarm bells over what they see as embedded inflation in the loose monetary policy presently being followed by most central…

Let Goldman fail next time

John Gapper had a good piece in the FT yesterday called “Goldman should be allowed to fail.” His conclusion is that Goldman is allowed to game the system. It is a broker-dealer masquerading as a bank. It takes on much more risk than a…

Links: 2009-10-21

Obama's approval rating back to 50 - POLITICO.com This is tied for the lowest yet. Calomiris: Maybe He Slept Through 2008 -- Seeking Alpha Debunkng certain economies of scale arguments for TBTF Volcker Has Obamas Ear, but Not on…

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