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Fund My Mutual Fund: TechTicker: FT.com's Martin Wolf "We'll Be Lucky if Downturn Only as Bad as Japan's"
Yahoo! Finance: Tech Ticker: "Terrible Year Baked In:" Govt. Stimulus Needed, But Not This Bill, Wolf Says
GoldSeek.com: Week 7 2009: Real Gold and Silver Prices Update
VoxEU.org: Recent Articles: Buying assets, recapitalising banks, and getting incentives right
FinanceProfessor.com: Maybe the talk of run away inflation is just that, talk.
TechTicker: FT.com's Martin Wolf "We'll Be Lucky if Downturn Only as Bad as Japan's"
Fund My Mutual Fund —
... are obviously key to turning around the U.S. economy. But they're of even greater importance given the world economy is at such a critical juncture, says Martin Wolf, chief economics commentator for The Financial Times. ...
"Terrible Year Baked In:" Govt. Stimulus Needed, But Not This Bill, Wolf Says
Yahoo! Finance: Tech Ticker —
Martin Wolf , chief economics commentator for The Financial Times, is a believer in the power of government spending to revive the economy, especially now when the private sector is in major retreat. But believing in fiscal stimulus is much different than supporting ...
Economy at a Crossroads: We'll Be Lucky If Downturn Only as Bad as Japan's, FT's Wolf Says
Yahoo! Finance: Tech Ticker —
... are obviously key to turning around the U.S. economy. But they're of even greater importance given the world economy is at such a critical juncture, says Martin Wolf, chief economics commentator for The Financial Times. "There's no precise definition of a depression" but the global economy "looks incredibly bad - far beyond a normal recession," says Wolf, author of ...
FT's Wolf: U.S. Too "Politically Frightened" to Admit Truth About Banks, Part I
Yahoo! Finance: Tech Ticker —
... (now slated for Tuesday) is expected to be multi-faceted but missing one key element: An admission by policymakers that major U.S. banks are insolvent. There are two explanations why the Obama administration (like its predecessor) refuses to even acknowledge this possibility in public, says Martin Wolf , chief economics commentator for The Financial Times: Arguing today's toxic assets are "fundamentally worthless" - and there's lots more losses coming - Wolf says the lack of political will ( or outright cowardice ) to admit to reality means "we're really in trouble." Why? ...
Week 7 2009: Real Gold and Silver Prices Update
GoldSeek.com —
... for the decline in stocks around the world pundits frequently site the $789 Billion US stimulus package expected to pass into law in the next days. It further does not help of course, that data collected from latest company reports of banks and thrifts with assets greater than $1 Billion suggests that despite all the money poured into the system (note the J curve about 2/3rd down) the credit deterioration continues to accelerate . Add to the mix that Martin Wolf , chief economics commentator for The Financial Times believes that the ...
Buying assets, recapitalising banks, and getting incentives right
VoxEU.org: Recent Articles —
... downswing. Other countries have adopted or are considering measures classed in the two categories set forth above: buying distressed assets (through a special vehicle, a bad bank or whatever) or providing insurance on them; recapitalising banks. I d like to make two general points. Two general points The main merit of Mr. Geithner s Plan is precisely that it pursues both. Relying only on the first would mean dangerous underestimation of insolvency risks (see Martin Wolf s severe critique on why Obamas s new TARP will fail to rescue the banks ). Relying only on ...
"Hurt, Frightened and Very Angry:" Risk of Social Unrest Rising, Says FT's Martin Wolf
Yahoo! Finance: Tech Ticker —
... at today's G20 meeting and the silent, irate majority elsewhere have every reason to be "hurt, frightened and very angry," says Martin Wolf , chief economics commentator for The Financial Times. While "nobody knows what's going to happen," Wolf notes ...
Obama Better Than Bush But Still Has No Real Plan to Fix Banks, FT's Wolf Says
Yahoo! Finance: Tech Ticker —
The Obama administration is "clearly doing better than their predecessor" in handling the financial crisis - in that they have a "more or less a coherent plan," says Martin Wolf, chief economics commentator for The Financial Times. But "the really important point is, effectively, they don't have a plan to solve the banking problem," he adds. The Obama administration - like the Bush team - is "assuming they can leave the [banking] system together more or less as it is, hoping it will come back to life," the columnist says. This inability or refusal to make more dramatic ...
Maybe the talk of run away inflation is just that, talk.
FinanceProfessor.com —
Martin Wolf responds to the fears that we are doomed by future inflation due to the large government expenditures and deficits. His arguments are essentially that bond price drops are a reduction of the fear of DEFLATION and not necessarily a signal of high inflation. Additionally, to the degree that we see we are seeing is risk aversion levels drop (which is a another good thing!) and the safety premium that comes with Treasuries is reducing. Evidence of this reduced premium can be seen looking at the VIX and in this this chart showing Treasuries vs ...
Martin Wolf on Yahoo Tech Ticker - September 2009
Fund My Mutual Fund —
... Martin Wolf, chief economics commentator at The Financial Times, says letting Lehman fail was the right course, if only because it forced regulators to "grapple with the crisis properly." The steps taken in Lehman's wake ultimately stabilized the global economy and reinvigorated the financial markets -- at least for the time being, Wolf says, as we discuss in more detail in a separate segment. ...
The Dollar Isn't Doomed, FT's Martin Wolf Says: "Big Shock Upwards" Coming!
Yahoo! Finance: Tech Ticker —
... . Hogwash, says Martin Wolf , chief economics commentator at The Financial Times. In fact, Wolf believes there could be a "big shock upwards" for the dollar in the next six months as the Fed takes concrete steps toward tightening (or actually does raise rates.) That, in turn, would prompt an unwind of the dollar carry trade and cause major upheaval in so-called risk assets currently being purchased with borrowed dollars, i.e. stocks, commodities and high-yield bonds. This view stems from a belief that Fed policy and interest rate differentials are the main drivers of the ...
"Still a Very Shaky Sort of World Recovery," FT's Martin Wolf Says
Yahoo! Finance: Tech Ticker —
... to 2.8% growth this year, 5.8% in 2010. It's hard not to feel better about the recovery, given those headlines. But the question on all our minds: Does this recovery have staying power? "It's beginning to look like the old cycle," says our guest Martin Wolf, chief economics commentator for The Financial Times . "U.S. consumers go out and spend like crazy. Probably the current account deficits start rising again. ...The Asians wait for their exports to recover. And that in my mind would be an incredibly unsatisfactory sort of recovery that would just generate difficulties ...
What Happens If Fed Blows the Exit Strategy?
Yahoo! Finance: Tech Ticker —
Contrary to the hysterical panic you hear about inflation these days, it's actually not a problem, says the FT's chief economics commentator Martin Wolf . Right now, the economy's capacity utilization and bank lending are so low, that inflation isn't taking hold. All that could change, however, if the Fed blows its exit strategy. If the Fed waits too long to stop giving away free money, inflation could start to gather steam. If the Fed tries to combat this by raising rates, meanwhile, the shock could hit the stock market and slow the recovery. Wolf thinks the Fed will have to ...
