Monthly Archives: September 2009

Guest Post: “Martin Wolf, the FT’s rebel with a cause, and the future of finance

By Swedish Lex, an expert and advisor on EU regulatory and political affairs: If you belong to those who believe that the debate on how to fix finance is mightily underwhelming when compared to the latter’s monumental failure, then I suggest reading Martin Wolf’s latest column in the Financial Times. Wolf essentially trashes the financial […]

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Yes, Virginia, China Will Make Your Business a Winner

It isn’t uncommon for a theme or a trend to dominate how investors and analysts view a particular sector. For instance, when barriers to interstate banking were lowered, then dropped, bank consolidation was all anyone seemed able to think about, even though there were other important developments in the industry. During that era, at McKinsey, […]

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Links 9/30/09

New Botnet May Have Infected Half of Fortune 1000 PC Magazine (hat tip reader John Doe) Alternative Energy Projects Stumble on a Need for Water New York Times. Looking at energy and water in isolation from each other is sure to lead to sub-optimal solutions. Although water rights have long been contested in the Southwest, […]

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Reader Update

Dear patient readers, The manuscript has gone in after copy edits and some major revisions (some across the book reordering to tighten the argument and clear up redundancies, and a ton of work on one chapter which has some primary research). There is still pre-galley proofreading (they do it and I review it) and I […]

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Guest Post: Credit Default Swaps – Love ‘Em, Ban ‘Em, or Tax ‘Em?

(Yves should be back  – and so the site should return to normal – tomorrow. If all goes according to plan, you’ll be hearing a lot less from me for a week or so. Yves’ book – Econned – will be quite valuable, and so well worth the wait. ) By George Washington of Washington’s […]

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Guest Post: Is Gold A Reasonable Investment?

By George Washington of Washington’s Blog. (Rest assured that once Yves is done writing her book, and back posting,  or other guest posters write more, I will post less often! ) This essay rounds up arguments for gold as a reasonable investment. China Commentators such as Ambrose Evans-Pritchard and Byron King argue that China’s hunger […]

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Guest Post: The Case for Inflation

By George Washington of Washington’s Blog. As I have recently pointed out, there are strong arguments for ongoing deflation. But even deflationists think that – after a period of deflation – we might eventually get inflation. For example, in October, I guessed 1 1/2 to 2 years of deflation, followed by inflation. Moreover, noted deflationist […]

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Guest Post: How Well Has The Federal Reserve Performed for America?

By George Washington of Washington’s Blog. How well has the Federal Reserve performed for America? Mainstream pundits, of course, say that Bernanke has saved the world . . . . but they said the same thing about Greenspan.  So let’s look at the actual historical record to determine how well the Fed has done. Initially, […]

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Guest Post: Why Concentration in the Banking Industry Threatens Our Economy

By George Washington of Washington’s Blog. As everyone knows, the big banks have gotten bigger and bigger. Noted economist Mark Zandi says we have an oligopoly of banks, and that “the oligopoly has tightened”. The TARP Inspector – Neil Barofsky – told Huffington Post yesterday that, because of the consolidation in the banking industry: I […]

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Guest Post: Do Ben and Tim = Thelma and Louise?

Served by Jesse of Le Café Américain One cannot help but note that Team Obama is trying to derail serious proposals regarding financial reform for Wall Street at the G20 meeting, as we suggested they would. The concerns raised by US revelations at the G20 today about new intelligence regarding Iran’s secret underground nuclear facility […]

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Guest Post: First-Time Homebuyer Tax Credit Program: Morally Hazardous?

The following is a submission by reader Kalpa who writes Financial News Express. While traveling this past weekend, I picked up a real estate booklet in the charming middle-of-the-U.S.A. town which I found myself in. Most interesting was the inside cover page note to prospective home buyers: First-time homebuyers who would otherwise qualify for the […]

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