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Browsing Tag
government
Intent and motive
In my recent post about the capture of the Obama Administration by the financial services lobby, I said it was irrelevant whether they were deliberately looking to line the pockets of the banking industry. This is an important point as you…
The less optimistic view of Treasury’s handling of the crisis
The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from…
Time to Cut Taxes?
The following is a re-print of the latest monthly newsletter from Niels Jensen of Absolute Return Partners, published with the express permission of the author. Visit www.arpllp.com to learn more about Absolute Return Partners. You can…
The new Japan, domestic consumption, and the neo-liberal thought machine
Several notable economists prognosticated on what Japan should do to get out of their malaise in the 1990s but none of them understood the problem or the options available to the sovereign government. They all gave poor advice. The way…
Trouble in Ireland as Fitch cuts debt two notches to AA- and deficits soar
Fitch, the credit rating agency, has just downgraded the sovereign debt ratings for the Republic of Ireland from AA+ to AA-. That is two notches and is proof-positive that the ratings agencies are worried about the hole in Dublin’s…
The creeping power grab by the executive branch and Federal Reserve
The power grab at the Federal Reserve is a topic I first broached back in February when the Federal Reserve was creating its alphabet soup of liquidity programs to pull us back from the brink of financial disaster. I was troubled about Fed…
Japan does not demonstrate the failure of stimulus
When I read Ed’s recent piece “Japan: stimulus without reform leads to a policy cul de sac,” I couldn’t help but think he is wrong about Japan. Supporting aggregate demand The problem is taxes. In Japan, taxes are too high relative to the…
Jon Stewart takes on Fox News
You judge for yourself: is Jon Stewart right to skewer Fox? Before you decide, listen to the last minute of the segment.
Rosner: Financial Stability Act “single worst not-yet passed piece of legislation”
Josh Rosner, a Managing Director at Graham Fisher & Company, an independent research for institutional investors in financial service assets, has some pretty strong words for the reform legislation proposed by the Obama Administration…