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baselinescenario.com - 11/13/2008
Baseline Scenario, 11/10/08
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Baseline Scenario, November 10, 2008 By Peter Boone, Simon Johnson, and James Kwak, copyright of the authors The Baseline Scenario is our periodic overview of the current state of the global economy and our policy proposals. It includes two sections: Analysis of the current situation ...
China Acts
econbrowser.com - 11/9/2008
China Acts
— econbrowser.com — From Bloomberg : China Announces 4 Trillion Yuan Economic Stimulus (Update2) By Li Yanping and Chia-Peck Wong... Nov. 9 (Bloomberg) -- China announced a 4 trillion yuan ($586 billion) stimulus plan to spur expansion in the world's ... (more) China Acts

Comments vote down Abnormal Returns found this 11/9/2008found this
The Commercial Real Estate Bust
calculatedrisk.blogspot.com - 11/10/2008
The Commercial Real Estate Bust
— calculatedrisk.blogspot.com — Since investment in non-residential structures is slowing (especially malls, hotels, and offices), a key question is how... did the commercial real estate (CRE) investment boom compare to the residential housing bubble? And how did the CRE boom compare ... (more) The Commercial Real Estate Bust

Comments vote down The Aleph Blog found this 11/10/2008found this
nakedcapitalism.com - 11/12/2008
"The first casualty of the crisis: Iceland"
— nakedcapitalism.com — For those of you who only caught bits and snippets of the Iceland crisis, this VoxEU post... by J on Danielsson provides a useful recap. And if you are familiar with broad outlines of the unravelling, the piece also recaps the policy errors that fed ... (more) "The first casualty of the crisis: Iceland"

Comments vote down Decline and Fall of Western Civilization found this 11/12/2008found this

Blog Reactions

EconLog: Library of Economics and Liberty:  Finance is Weird

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Blog Reactions

Finance is Weird
EconLog: Library of Economics and Liberty — James Kwak of Baseline Scenario wrote, The problems in the U.S. housing market were not themselves big enough to generate the current financial crisis... without any fundamental changes, the markets decided that AIG might be at risk, and the fear became self-fulfilling. As with Lehman, the Fed chose not to protect creditors; because the $85 billion loan was senior to existing creditors, senior debt was left trading at a 40% loss... This decisive change in policy reflected a growing political movement in Washington to protect taxpayer funds after the Fannie Mae and Freddie ...

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