…1929 is the lingering debt deflationary pressures. There is a very large overhang of U.S. household financial leverage that’s going down one of two ways: the easy way, through nominal…

Robert Waldmann has definitely not been spending enough time in bars. Nation food correspondent Calvin Trillin met a guy in a bar who explained why the financial system collapsed. I…

…The Onion challenging, NY Times effort at humor LOUISE STORY and ERIC DASH explain what would be wrong with restricting compensation in the financial services sector. “The industry has already…

…that financial markets are efficient and inefficient. If financial markets are efficient, then the way to maximize risk adjusted returns is to buy and hold the market. If one is…

…economy resisted the fever for devil-may-care risk-taking that ultimately infused the financial markets. As a result, Goldilocks had remarkable longevity. Its death-knell would wait until the financial markets finally got…

…nature of “demand,” how the stock of financial assets (so-called “financial capital”) relates to the real capital stock, etc. I’d love to hear your thoughts. Before I go, one more…

Barry Ritholz writes in his column in the Washington Post: To many people, the 2008-09 financial crisis was a complex, fast- moving news story and an anagram-laden, horrifying collapse. Such…

…expand and lending standards deteriorate. These financial flows contribute to increases in asset prices and further credit extension until some domestic or foreign shock leads to an economic and financial…

…institutions and regulations. The global financial crisis demonstrated that weak regulation and volatility in financial flows are not unique to emerging markets and developing countries. Moreover, while the U.S. economy…

…financial assets for currency-like financial assets when they need to buy real stuff, but that’s largely mechanical; its macroeconomic effects are trivial. In this definition “money” comes from two (or…