Willem Buiter

I have been a bit on edge of late because of the credit crisis that is making headlines. Recently, a lot of people have been duped into believing that the economic crisis we are experiencing is not critical and have their eyes focused…

With the Economic Patriot Act past the Senate - including hundreds of billions in pork barrel - sweeteners, it's time to focus in a little on politics. I'll lead off the round-up there, trying to keep it fair despite my obvious…

I am going to do this round-up of news early because the news cycle is very fast. Top billing today is the WaMu bankruptcy and asset seizure by the FDIC and immediate asset purchase by JP Morgan Chase. Please see my synopsis here.There is…

The latest government intervention into the capitalist system is the move by the UK and U.S. governments to ban short-selling of all financial stocks outright.In the wake of the severe market turbulence unleashed by the failure of Lehman…

Everyone has heard the news of importance: AIG, Lehman, Goldman, WaMu, Merrill. Although I just heard on Bloomberg Rado that Barclays was buying the "Core Lehman" assets.Anyway, I thought I would concentrate today more on the blogosphere.…

Update Mar 2009: There is a pernicious little piece of historical revisionism going around that the Lehman bankuptcy did not matter. I am reposting this as a retort. Note the piece by James Suriowiecki which induced me to re-post: In…

The last place in the world you wold expect to hear support of Ben Bernanke is hear. The Bernanke Fed has been as reckless in its attempts to reflate the economy as the Greenspan Fed - probably more so. Nevertheless, when Willem Buiter, a…

Has Oil Production Reached a 'De Facto' Peak? Read It Here First: States' Impact on Economy States and Cities Impact On GDP Taleb's Harsh Assessment of Bankers, Economists, and the Fed Housing Woes Hit Affluent Middle-Class…