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5 posts tagged with gfc and economics. (View popular tags)
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Level 2 is more worrisome. Level 3 is hair-raising.

"We decided to go on an adventure through the financial statements of one bank [Wells Fargo], to explore exactly what they do and do not show, and to gauge whether it is possible to make informed judgments about the risks the bank may be carrying. We chose a bank that is thought to be a conservative financial institution, and an exemplar of what a large modern bank should be."
posted by vidur on Jan 14, 2013 - 14 comments

What went wrong and how to fix it.

Stimulus or Stymied?: The Macroeconomics of Recession: An American Economic Association panel discussion on the Great Recession between four leading economists - Paul Krugman (Princeton), Valerie Ramey (UCSD), Harald Uhlig (Chicago) and Carlo Cottarelli (IMF), chaired by Brad DeLong (Berkeley).
posted by moorooka on Jan 12, 2013 - 9 comments

Pick your side. Pick your history.

"Some date the crisis to August 9 2007, the day it became clear that Europe’s banks were up to their necks in US housing debt. The ECB flooded markets with €95bn of liquidity. It seemed a lot of money then. The term “trillion” was still banned by the Telegraph style book in those innocent days. We have since learned to swing with the modern dance music from central banks." [Five years on, the Great Recession is turning into a life sentence]
posted by vidur on Aug 13, 2012 - 101 comments

A turning point in economic development?

"Towards a Sustainable Global Golden Age" (four youtube links) is a talk by Carlota Perez comparing the current revolution in information and communications technologies (ICT) to four prior technological revolutions. She argues that each revolution has started with a long phase of experimentation driven by finance, which leads to a financial bubble and subsequent crash. The short phase of recovery from the crash is followed by a long phase of consolidation driven by concrete productivity gains and government policy. She believes that NASDAQ was the crash in the ICT revolution, and that we are still in the recovery phase, partly because cheap oil and manufacturing labor facilitated a reemphasis on unskilled-labor- and energy-intensive means of production. She speculates on what may come out of the consolidation phase she hopes we're now entering. [more inside]
posted by Coventry on Mar 3, 2011 - 4 comments

Obama's Big Sellout

Taibbi-filter: Obama's Big Sellout [more inside]
posted by moorooka on Dec 10, 2009 - 156 comments

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