Marshall Auerback 138 posts 10 comments

By Rob Parenteau and Marshall Auerback on how global ‘fiscal austerity’ benefits bankers and wealthy, well-connected political insiders, while screwing the rest of us. Marshall Auerback is a market analyst and commentator. Rob Parenteau,…

Marshall Auerback presents us with a perspective on how deficit hawks want to cut social programs but leave defense spending untouched while completely overlooking the fiscal cost of bailouts (originally published at New Deal 2.0). Harold…

The design flaw at the heart of the euro zone has become manifest to a variety of market observers, practitioners, economists and journalists.  A fiscal/monetary half-way house divided cannot stand.  That seems to be clear. So…

To paraphrase Shakespeare, things are indeed rotten in the State of Denmark (and Germany, France, Italy, Greece, Spain, Portugal, and almost everywhere else in the euro zone). An entire continent appears determined to commit collective…

There's no question that the potential destruction of the euro has moved from the realm of "Black Swan" event to a serious possibility.  Some of chosen to read broader implications into this, suggesting that this is the…

Imagine a situation in which 49 other states are forced to unite together to help forestall the imminent insolvency of California, and you'll get a good idea of the limitations inherent in the EU "rescue proposal" for Greece and…

Marshall Auerback here with a post which I originally published at New Deal 2.0. This post on deficits in fiat currency regimes is the second in a series of posts on Modern Monetary Theory. Many market analysts, commentators and economists…

"As far as the White House is concerned, it's case closed for Greg Craig's newest legal venture representing Goldman Sachs against the Securities and Exchange Commission. Administration spokesmen brushed aside questions about…

Marshall Auerback here. Neither the Dodd Bill, nor the House version, will do much to prevent the abuses described in the SEC's lawsuit against Goldman Sachs. Senator Dodd himself acknowledged this fact. Additionally, as Frank Partnoy has…

Marshall Auerback here with some thoughts on how problems in the Eurozone conflict with Washington's export agenda. A recent poll by Douglas Schoen and Patrick Caddell suggests that swing voters in the US, who are key to the fate of the…