Willem Buiter

Eminem's latest day in court likely to be felt far and wide - NZ Herald (this concerns a lawsuit on how much royalties artists should get fordigital music.  Steve Jobs is testifying.  It's a very big deal) A bruised Warren Buffett to look…

More on That Dirty Word "Nationalization" and Possible Approaches - Naked Capitalism In Northern They Trust - Barron's ING’s Hommen May Consider Seeking U.S. Support After Review - Blomberg.com 'Good Banks' Are the Cost Effective Way…

The Austrian Economists: Rick Santelli Rant Ken Rogoff says Fed needs to set inflation target of 6pc to help ease crisis - Ambrose Evans-Pritchard, Telegraph Japan department store sales down 9.1% in January - Japan Economy News &…

Below are the main stories I wish to highlight. There are a bunch of others in the newsfeed. The return of capital controls - Willem Buiter's Maverecon Fed cuts U.S. growth view and considers inflation target | Reuters Bank of England…

Here is yet another post from early last year which presages all of the problems we are seeing today. As I have often written, the fake recovery is just an attempt to paper over these problems. It won't work. Where Ireland, Switzerland,…

In an interview with Swiss daily Tagesanzeiger, a well-known economist has warned that Switzerland risks bankruptcy, if the recent market turmoil centering on Eastern Europe is not contained quickly. At issue are loans made in Swiss Francs…

Update: 18 Mar 2008. I am reposting this entry from Feb 10th because it is relevant to the need to liquidate insolvent institutions like AIG that are now getting bailouts.

Last week, Willem Buiter sized up the U.S. and the U.K. and found their desire to enact deficit-financed fiscal stimulus not credible. The attached video does a better job of summing up the mood Buiter invokes and the need for prophylactic…

Happy Groundhog Day. By the way, the word on the street is that Germans who came over to Pennsylvania wanted to use hedgehogs in this mythical are-we-going-to-have -six-more-weeks-of-winter ritual. But, because there are no hedgehogs, they…

There seems to be a blame game making the rounds in policy circles these days in which Asia is at fault for the credit crisis and economic downturn. The meme goes like this: Everything was fine until the Asians started manipulating their…