Posted on November 11, 2009 by dakinikat
I’ve said this before, but it bears repeating. Monopoly power and rent-seeking behavior are anathema to market systems. Politics should stay out of economic decisions and government should provide the framework that makes the market honest, transparent, and open to all interests. Republican and Democratic pols need to go back to Principles of Microeconomics classes [...]
Filed under: Bad Bank, Consumer protection, Economic Blogs, Economy, Financial Meltdown of 2008, financial bailout | Tagged: Wall Street, Chris Dodd, Monopoly, banking, shadow banking, rent-seeking | 47 Comments »
Posted on October 29, 2009 by dakinikat
In what is undoubtedly good news, the US Bureau of Economic Analysis (Dept. of Commerce) has announced that REAL GDP grew by approximately 3.5% in the third quarter of 2009. That is up from the second quarter growth of .7%. It appears that the economy may be rebounding from the so-called “Great Recession”. However, as [...]
Filed under: Bad Bank, Economic Blogs, Economic Stimulus, Economy, Financial Meltdown of 2008, Wall Street and the Bonus Class, financial bailout | Tagged: banks, GMAC, Sheila Bair, Too Big to Fail | 22 Comments »
Posted on October 13, 2009 by dakinikat
Bruce Bartlett has just released a new book–and a mea culpa of sorts– for supply side economics (SSE). As an ex-aide to the late Jack Kemp and author of a book on Reaganomics, Bartlett’s got an interesting perspective from having a seat near the table. He also takes a few undeserved potshots at some Keynesians [...]
Filed under: Economic Blogs, Economic Development, Economic Stimulus, Economy | Tagged: Bruce Bartlett, reaganomics, Supply Side econonomics | 9 Comments »
Posted on October 10, 2009 by dakinikat
Economist Andy Xie says Lehman Brothers died in vain and that it’s just a matter of time before we get hit by another deadly bubble. His guest post at Caijing Magazine is just so dead on that you must go read it.
There has been plenty to learn from last year’s miserable economy and near [...]
Filed under: Economic Blogs, Economic Stimulus, Economy, Financial Meltdown of 2008, financial bailout | Tagged: bubble economy, financial crisis, Financial Regulation | 49 Comments »
Posted on October 3, 2009 by dakinikat
You may remember back in January that I was not happy and very outspoken about the size of the Obama Stimulus plan. I was not impressed by the content or with the mix between tax cuts and direct government spending. You may recall that the Blue Dogs interminable resistance to do anything that might wake [...]
Filed under: Economic Blogs, Economic Stimulus, Economy, General, The Great Recession, The Obama Depression | Tagged: balanced budget, economic stimulus, Obamanomics, reaganomics, unemployment | 45 Comments »
Posted on August 25, 2009 by dakinikat
While I stuck the announcement into the morning links, you had to know that I’d front page this announcement some time today. So you also probably knew that I breathed a quiet sigh of relief last night when I found out we were not getting La La Summers for Fed Chief. President Obama has decided [...]
Filed under: Bad Bank, Economic Blogs, Economy, financial bailout | Tagged: Banking Law, banking regulation, Ben Bernanke Reappointment, monetary policy, Paul Volcker | 24 Comments »
Posted on August 12, 2009 by dakinikat
Kenneth Rogoff is a Havard professor of Economics and Public Policy. He’s decided that a year is enough to buy some hindsight about the financial crisis. He’s also got a particularly dismal view of the economy over the next five years. Yves at Naked Capitalism framed the Rogoff article with a Shakespeare line and offered [...]
Filed under: Economic Blogs, Economic Stimulus, Economy, Financial Meltdown of 2008, The Great Recession, Wall Street and the Bonus Class, financial bailout | Tagged: Irwin M Stelzer, Kenneth Rogoff, Lawrence Summers, Lehman Brothers, naked capitalism, The New Capitalism | 38 Comments »
Posted on August 11, 2009 by dakinikat
Paul Krugman and other economic commentators, including the Wall Street Cheerleading Squad at CNBC, have been out and about saying we’re stepping away from the Depression Abyss. It’s true, and I’ve said it here, that we’re seeing a slowing down of that incredible momentum towards the edge. Things do look less bleak than they [...]
Filed under: Economic Blogs, Economic Stimulus, Economy, The Great Recession, The Obama Depression, Wall Street and the Bonus Class | Tagged: Commercial Real Estate Market, debt, Fannie Mae, FHA, Freddie Mac, Ginnie Mae, mortgages. Troubled Assets, TARP, treasury deficit | 63 Comments »
Posted on August 4, 2009 by dakinikat
Wow, it looks like Turbo Tax Timmy has gone rogue! We better send the press up to Alaska to chase down another Palin rumor. First, there’s that nastiness over the weekend with the Stephanapolous show on ABC where he explicitly said that the administration wasn’t ruling out new taxes on the middle class. (Something [...]
Filed under: Bad Bank, Economic Blogs, Economy, The Great Recession, Worst President Ever | Tagged: FDIC, Sheila Bair, FED, SEC, naked capitalism, Timothy Geither, Secretary of the Treasury, Zero Hedge | 69 Comments »
Posted on July 21, 2009 by dakinikat
I am a financial economist and I’ve been through most phases of my career one that applies the trade in banking. That’s because my first economics specialty was monetary economics. I still have my original copy of Patinkin’s Money, Interest and Price sitting next to my dad’s original copy of Keyne’s The [...]
Filed under: Economic Blogs, Economic Stimulus, Economy, Financial Meltdown of 2008, The Great Recession, financial bailout | Tagged: Ben Bernanke, central bank indepedency, FOMC, quantitative easing, The Fed, ZIRP | 37 Comments »