When S != I
…on my side. Recall that the alleged reason we needed to “save” the banks is that they are Financial Intermediaries, taking a slice out of the matching between Investors (Savers,…
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Economists = Idiots? Part 1829
…the financial crisis. The Fed wanted to see bank lending increase, but in a controlled fashion, so as not to fan the flames of an inflation surge. But as worries…
Lender of Only Resort?
…days) or less—and often for financial institutions overnight, for others rolled over weekly—Commercial Paper can be the lifeblood of an institution. For Financial Institutions, it’s even more extreme. The prime…
Why does Clinton keep getting away with saying that gun manufacturers are the only industry in America that is immune from being held accountable for criminal acts by the purchasers of their products? Almost NO manufacturers are, by law, accountable for criminal acts by purchasers of their products. Someone should ask her to name one that is.
…about specifics, some will wonder why she thinks universal healthcare coverage, stringent regulation of the financial industry, a much more progressive tax code, taxes on certain types of Wall Street…
Neel Kashkari and the Minneapolis Plan to End Too Big to Fail
…the banks agree: The Financial Services Forum that represents U.S. financial services companies cautioned that implementing the recommendations would stymie the economy. “For those looking to accelerate economic growth and…
Clarence Thomas’ Ruling Shocks Supreme Court Analysts
…Newsweek Supreme Court analysts expressed surprise Thursday at Justice Clarence Thomas‘s latest ruling involving the Consumer Financial Protection Bureau (CFPB). In basic college, I would go to the CFPB in Illinois and…
The Fed, Primary Dealers, and the Ineffectiveness of Monetary Policy
…clearly controlling massive quantities of financial assets is a requirement, but financial viability and being off the public dole are not. In fact, being a primary dealer is a way…
Does Saving "Fund" Investment?
…impact from the above: • Federal government (Treasury) • The nonfinancial private sector (nonfinancial firms and households) What do Bandalaria’s net money flows look like? From Treasury -> Private Deficit…
The Large Number of Hedge Fund Managers Near Fort Rucker, Ala. (A Suggested Response to the Republicans’ Simple Response(s).)
…actually is unexpectedly good financial news for most of, um, us. Not to mention very surprising news. According to The New York Times today, Roby made the comment in an…
ECONOMIC WEBLOGGERS & CONFERENCE
…APRIL 12, 2013 11:45 AM: Economic and Weblogging and the Future and Sustainability of Financial Journalism: Panel: Cardiff Garcia, Joe Weisenthal, Allison Schrager): DRAFT INTRO: As Michael Bloomberg will readily…