Creating and Implementing an Enforcement Response to the Foreclosure Crisis
Governor Sarah Bloom Raskin At the Association of American Law Schools Annual Meeting, Washington, D.C. January 7, 2012 ~~~ Thank you and happy New Year. It is a pleasure to be with you today as you meet to discuss so many pressing and important issues. I know there has been much discussion at this conference...
Forecaster Folly for 2012
> My Sunday Washington Post Business Section column is out. This morning, we look at a regular slice of silliness this time of year, the Folly of Forecasts. The print version had the full headline Your short guide to getting ahead of forecaster folly for 2012 while the online version is merely Investing in 2012: Get...
Washinton Post: Dear Santa SEC, Congress, White House
> My Sunday Washington Post column is out. Its on the front page of the business section this holiday morning, looking at what Investors are hoping to get from Santa this year. The print version had the headline Dear Santa, SEC, Congress, White House, while the online version used What investors are hoping to find...
Global Earnings Estimates Analysis
Facinating piece from SocGen’s Cross Asset Research looking at expectations for global earnings in 2012. It is subtitled “Death by a thousand cuts; double digit downgrades for Eurozone and Japan” — so do not expect cheerleading. The highlights: • Recent earnings forecasts cut by 4.9% and 6.9% for 2011 and 2012, respectively. • Severe downgrading...
MF Global Collapse Reveals Systemic Risk
> My Sunday Washington Post column is out this morning. Today, we look at The systemic risk revealed by MF Global’s collapse. As has been the case so many times, the details of this debacle are found in the regulatory changes lobbied for — and recieved — by Corzine and the MF Global legal crew....
Beware the Black Friday Retail Hype
> My Sunday Washington Post Business Section column is out. This morning, we look at retail sales, inflation, and forecasts: Did Black Friday save the season? Beware the retail hype. The key takeaway is that sales improved over last year consistent with the first 10 months of 20121 — but the insane forecasts from the...
Coordinated Central Bank Action on Currency Swaps
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and...
Dissecting the big lie about the economic crisis
> My Sunday Business Washington Post column is out. This morning, we look at part II of the Big Lie (Part I examined the actual factors that led to the crisis) in this part, we look at the data and factors that disprove the elements of the Big Lie. The print version had the full...
The Subprime Crisis: Is Government Housing Policy to Blame?
Skip to: [Printable Version (PDF)] [Bibliography] [Footnotes] Finance and Economics Discussion Series: 2011-36 Screen Reader version ♣ The Subprime Crisis: Is Government Housing Policy to Blame? Robert B. Avery and Kenneth P. Brevoort Division of Research and Statistics* Board of Governors of the Federal Reserve System Washington, DC 20551 August 3, 2011 Keywords: Community Reinvestment...
10 Thursday PM Reads
Here is your afternoon train reading • The Rise of a Euro Doomsayer (NYT) • Why Not Break Up Citigroup? (Economix) • Today’s sad WTF headline: European Children More Likely to Outperform Parents Than Americans (Real Time Economics) (PDF) • Robert X. Cringely On His ‘Lost Interview’ With Steve Jobs (Forbes) see also 5 lessons...
The Big Lie of the Financial Crisis
> My Sunday Business Washington Post column is out. This morning, we look at The Big Lie and the Financial Crisis. The print and online versions had the same headlines: What caused the financial crisis? The Big Lie goes viral. (You can see the excised bits that did not make it to the final version...
