crisis

Veteran regulator believes Lehman Brothers is a case of fraud and believes the Feds need to bring charges. But, more than that, Black hones in one the mortgage fraud which underlies much of the speculative fervour in the market by citing…

This isn’t about economics anymore, this is now about who does what, when, and how everyone else reacts. Certainly the news that Greek bonds hit another post-EMU record high yesterday can hardly be said to have come as a surprise. 10-year…

We know that JPMorgan is not substantially increasing lending anytime soon. And we also know that banks are recapitalizing courtesy of a steep yield curve and near zero rates, what I would call free money.  What I didn't know is how…

Yves talks about Greece and the sovereign debt crisis in Europe as well as her book "ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism". I saw this interview on Tuesday and thought it was very…

Just yesterday, a Special Investigation Commission report was released in Iceland which criticized the handling of the country's top three banks and the crisis that ensued when they collapsed. Seven top officials were said to have acted…

William White, the former chief economist at the Bank of International Settlements (BIS) gave an important speech at George Soros' Inaugural Institute of New Economic Thinking (INET) conference in Cambridge.  While everyone is casting…

Well, it seems the EU leadership have finally been able to take a decision on what to lend and what to charge (see original post here). According to initial press reports the German government has decided in principal to participate in…

I would love to have gone to the Institute of New Economic Thinking (INET) conference in Cambridge, but the timing was wrong for me.  The effort, sponsored by George Soros, is a much needed collaboration of ideas to help prevent a…

In honour of Greece, I present you a little Greece Lightning. Let's hope this is what European policy makers are using this weekend. Why this country could be automatic It could be systematic, hydromatic, ultramatic Why it could be…

Fitch, the ratings agency, has decided enough is enough and has downgraded Greece to BBB-.  This is still investment grade despite obvious signs that Greece is no longer an investment grade risk.  Not only are the Greeks now…