The Need for Countervailing Power
(Though it won't post until later, I may as well try to do something while I sit in this airplane seat.) Like Brad DeLong, before the recession started I could not have imagined that policymakers would fail to put the...
Satyajit Das: Topiary Lessons – JP Morgan’s US $2 Billion Loss
By Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives – Revised Edition (2006 and 2010). Jointly posted with Roubini Global Economics
Having benefitted from risk management failures of others such...
Europe’s Black Cygnets Grow
By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from <a href="http://www.macrobusiness.com.au/2012/04/europes-lunatics-rise/">MacroBusiness.
And so the black cygnets scuttle from the shadows again. Over the weekend, Angela Merkel’s Christian Democrats suffered an...Obama Camp Opens Fire on Romney’s Bain Years
The Obama campaign is taking aim at Mitt Romney’s central pitch as a jobs creator with the release of a scathing, two-minute TV ad that examines the fate of a steel company that Mr. Romney’s firm acquired in 1993.
Michael Hudson: Paul Krugman’s Economic Blinders
By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City and a research associate at the Levy Economics Institute of Bard College. His new book summarizing his economic theories, “The Bubble and Beyond,” will be available in a few weeks on Amazon.
Paul Krugman is widely appreciated for his New York...
Occupy the SEC to Jamie Dimon: We Told You So
By Occupy the SEC
Jamie Dimon’s plan to enfeeble the Dodd-Frank reforms, specifically the Volcker rule, has blown up spectacularly.
The "Aggressive Conservative Judicial Activism of the Roberts Court"
Jeffrey Toobin on the Citizens United decision: How Chief Justice John Roberts orchestrated the Citizens United decision, New Yorker: ...In one sense, the story of the Citizens United case goes back more than a hundred years. It begins in the...
Why are Pundits on the Left More Willing to Criticize Their Own Team?
Why is the left so much more willing than the right to criticize members of its own team when they mis-step? There seems to be far more people on the left criticizing Obama than Republicans criticizing Bush, especially when it...
