In "America's Suicidal Statecraft" I tried to cover many of the issues in Smithers' article Why balance sheets are not in good shape (see Smithers' article...
... Remarks by Chairman Ben S. Bernanke At the Federal Reserve Bank of Kansas City's Economic Symposium, Jackson Hole, Wyoming August 31, 2007 Housing, Housing...
THE WRITING IS ON THE WALL by Peter Schiff Euro Pacific Capital August 31, 2007 This week, Larry Kudlow and others strongly chastised Bernanke for his failure...
James, Farm prices here are rocketing. Milk up 50 per cent. Primary producers are in the saddle for once. Geoff ... From: James To: gang8@yahoogroups.com ;...
Geoffrey, It's been a long time! All the cockies in Australia need worry about now is the drought. With a bit of luck, the price of milk and wheat and all the...
Chris, No need to answer in detail. Just to say you make lots of points I fully agree. Re Jersey, I had super discussion several decades ago with the onetime...
Liquidity crisis grows as Libor rates gap hits 20-year high By Philip Aldrick, Banking Correspondent Last Updated: 12:58am BST 05/09/2007 Pressure is mounting...
This book review of Geoffrey's book is appearing in the September 2007 issue of Journal of Economic Issues. -- Dirk J Bezemer, Ph.D. Assistant Professor ...
ABCP investors could lose half their money $35B In Non-Bank Paper; Many Exposed To Risky Trade In Derivatives John Greenwood Financial Post Wednesday,...
September 2, 2007 The Predicted Financial Storm Has Arrived By Gabriel Kolko http://www.zmag.org/sustainers/content/2007-08/29kolko.cfm Contradictions now...
JAes, "The IMF has taken the lead in criticizing the new international financial structure, and over the past three years it has published numerous detailed...
Dirk, Surprised me a bit too. You might ask Kolko - or Gunnar. James ... From: D.J.Bezemer To: gang8@yahoogroups.com Sent: Thursday, September 06, 2007 2:02 PM...
Dirk and James. The IMF's periodic World Economic Outlook paper may have echoed some of the BIS concerns, but I have seen no mention in the Washington Post...
The Age of Turbulence 11:05 AM PDT, August 31, 2007 I started thinking about what was to become "The Age of Turbulence" two years ago. My nearly two decades as...
Will Derivatives Wipe Out Some Currencies? By Chris Laird Sep 6 2007 10:26AM Over the last several years, there has been a lot of discussion about the size of...
Gang, Here is a question, something I do not understand. Who can hep? The ECB had been planning to increase interest in August but has left them on hold since,...
Dear Gang, On 5 October I will address students under th tile below. while I already made a summary and have quite a few notes on the outline, any suggestions...
Obviously, the ECB is worried only about commodity-price inflation ‹ a euphemism for ³²wages.² It¹s FOR increasing the price of assets ‹ stocks, bonds...
The obvious answer. Is it really that crude? Given that many households and wage earners now also depend on asset prices, the class divide is not that clear...
No, Chris, I had missed this. Sometimes the London ed. differs from the US edition. Here¹s the approved summary of the paper I¹m writing for the Berlin ...
Fascinating, Michael. You dwell in the Real world, not the fantasy world of mainsteam Economics. I wish I had the time and resources to attend. The last...
Dirk, Sounds right. I hope someone produces a definitive, detailed, technical account of the exact proxedures behind the credit 'innovations'. I.E. disguises. ...
Sure you can post it. But what IS ET, Chris? Michael ... Re: [gang8] Re: a question Sure you can post it. But what IS ET, Chris? Michael On 9/8/07 11:18 AM,...
Michael European Tribune. www.eurotrib.com ET for short. It will be interesting to see what they make of it. There are some economists who join in there, but...
'definitive, detailed, technical?' You won't be surprised that this is not what I can offer. My aim will be just to deflate the myth that such innovations are...
Cold Turkey for Financial Addiction? by Dr James Cumes The time for financial detoxification seems to have come. Indeed it seems to be long past due. The...
James. Congratulations! This brilliant overview article should be required reading for management and staff of every international financial institution,...
I had a chat yesterday with my son who is in the thick of things in the City. He remarked that he had seen a supposedly high grade loan offered at a yield...