July 24th, 2010 by jwolinsky
By Francesco Giavazzi, Professor of Economics at Bocconi University and author (with Alberto Alesina) of “The Future of Europe: Reform or Decline“. CEPR Research Fellow The global macroeconomy is at a juncture; some economists argue for continued fiscal stimulus to avoid a double dip recession while others argue for fiscal prudence. In this column, one of [...]
July 20th, 2010 by jwolinsky
Jeremy Gratham came out with his Q2 2010 letter today. Among the topics discussed are his worrying outlook on the economy, the latest financial reform bill, global warming, the stock market, and aging populations and pension costs which happens to be one of my favorite topics. Below is a small excerpt from the beginning of [...]
July 13th, 2010 by jwolinsky
Edward Chancellor author of an excellent book on financial bubbles Devil Take the Hindmost: A History of Financial Speculation wrote the following excellent presentation on the current sovereign debt crisis. He discusses the history of defaults, and how Governments can inflate instead of defaulting in certain circumstances. The Global Financial Crisis has taken a heavy [...]
July 7th, 2010 by jwolinsky
European governments face the quandary of being unable to afford to bail out banks that are still considered too big to fail, while the global economy is heading for a slowdown in the second half of the year, economist Nouriel Roubini of Roubini Global Economics recently stated that European governments are in big trouble. On [...]
July 6th, 2010 by jwolinsky
Niall Ferguson of Harvard University spoke with Bloomberg Television on the subject of bond markets and the threat of a speculative bond attack against the United States. 0:35 Ferguson discusses “bond vigilantes”. 1:35 No country in history has been able to grow enough to meet it’s debt obligations, except for England in the early 1800s, [...]