Massive Credit Losses to Hit European Banks in Q2 and into 2021, Particularly When Debt Moratoriums Are Lifted
Keeping tabs on the wobbly state of EU banks.
Read more...Category Archives: Doomsday scenarios
Can the Aspen Institute’s Elite Economists Beat the Coronavirus Depression?
A careful look at a new set of rescue schemes devised by some Serious Economists. Honestly, even Larry Summers could do better than this.
Read more...Grim Prospects for New York City as Few Office Workers Return Post Lockdown; How Hard Will Other US Cities Be Hit?
An update on getting back to normal (not) in New York City.
Read more...What Do Struggling Small Businesses Need Most? Time – and Bankruptcy Can Provide It
Can a leisurely bankruptcy process help small businesses?
Read more...Let’s Make Sure We Get the Green New Deal Right
vid-19 throws a wrench in many of the assumptions underlying existing Green New Deal proposals.
Read more...How America’s Covid-19 Rescues Look Set to Increase Inequality
Why the Covid-19 bailouts are coming at a high social cost.
Read more...Italy Once Again on the Eurozone Worry List
A new tsunami of bad debts washes ashore in Italy while banks are still struggling with the debris from the prior deluge of bad debts.
Read more...8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting
Why the economy is still mighty sick and won’t get much better any time soon.
Read more...More on Frank Partnoy’s Misguided Take on Collateralized Loan Obligations
No, collateralized loan obligations are not about to wipe out banks, and Frank Partnoy should have focused on real risks, like destruction of productive capacity.
Read more...Reviving the Economy, Creating the ‘New Normal’
Covid-19 rescues will reshape the economy, as we see in the US, with fat cats getting fatter. Will other countires make sounder choices?
Read more...Restaurants Face Major Obstacles to Reopening
A recap of why restaurants will have a tough time regaining their footing.
Read more...No, We Don’t Need to Place Our Faith in Downloading Some Untested, Privacy-Infringing App as the Only Possible COVID-19 Slayer; Why Don’t We Look to Places that Have Successfully Limited Disease Spread and Copy Their Policies?
Ars Technica clutches pearls at poll showing decline in those willing to download privacy-infringing app to stymie spread of COVID-19.
Read more...Some Thoughts on New York City and the Dim Prospects for American Cities
Major cities are in serious trouble and hte outlook is grim.
Read more...Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!
Yanis Varoufakis briefs Assange on the devolution of capitailsm.
Read more...The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
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