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Simon Johnson on Barclay’s and markets

…deception for personal gain, causing significant damage to others. The Commodity Futures Trading Commission nailed the detailed mechanics of this deception in plain English in its “Order Instituting Proceedings” (which…

Should the Fed Buy Munis?

…board? Would the political pressure on the Fed resisting what looks like a very fiscal move make it difficult to implement? Is there a large and liquidly trading existing stock…

QE 2 and breakevens

…dollar open market shift. My view is that the problem was the Fed traded money for the most money like asset which wasn’t trading as a perfect substitute for money…

Oil and the Real US Trade Deficit

…of oil in the interior and lead to West Texas Intermediate oil trading about $20/bbl cheaper than Brent crude. This is giving the Gulf Coast refiners a major competitive edge…