Marshall Auerback 138 posts 10 comments

Japan’s policy makers generally procrastinated considerably in terms of implementing any kind of stimulative measures, as well as prematurely reversing the benign impact of policies which had some earlier success. In terms of monetary…

The issue of GM cannot be divorced from the broader issue of health care. Companies like Honda operate out of countries that made health and retirement benefits a national responsibility. And the perennially high price of gasoline, a…

Marshall Auerback here: I am somewhat simplistic about this, but if the issue is one of a drive for dollar liquidity, the Fed should be able to address that problem. Before the week ending September 17th, the Fed was not, in fact,…

Marshall Auerback here. I have a quick thought regarding the credit crisis and bank lending in the US. If the real purpose of the Paulson Plan is recapitalization more than reliquification, and if the Scandinavian public recaps of their…

Marshall Auerback here. Ed has had a few posts on the Swedish bailout plan with which I agree. I think the main political argument (made by Bo Lundgren in yesterday's NY Times) is that you have ZERO political legitimacy unless everybody…

Marshall Auerback here.Equity investors, perhaps unlike credit investors, don't get the fundamental insolvency of the financial sector, an artifact of mega-leverage.This is a culture that responds to visual clues and marketing jingles.…

Marshall Auerback here. This crisis is an audition for the presidency in real time -- and an opportunity for a candidate to step up to the plate. If handled the right way, it could decide the election. If it is treated like another…

At first glance, a flair-up in the Caucasus region seems to have little meaning for Americans. But just as the collapse of the subprime mortgage market ultimately came to symbolize the beginning of the end of an American credit system run…