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FT.com / Comment / Opinion - The world’s central banks must buy assets
The world economy is suffering from a Keynesian shortage of demand. Worse, it is trapped in a dangerous downward spiral of falling asset prices, rising bankruptcies, foreclosures and unemployment feeding into more of the same, along with falling commodity and now goods prices. Since no country ...
FT.com / Comment / Opinion - Regulation should be international
ft.com — I n their expansive communiqué on the global financial crisis last weekend, the Group of 20 leaders... bemoaned the pro-cylicality of financial regulation caused by lax regulators, inattentive rating agencies and greedy financial institutions. Curiously ... (more) FT.com / Comment / Opinion - Regulation should be ...
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A Tale of Two Paulsons
Manhattan Institute Articles — RealClearMarkets Evening Edition Enough with the Fuzzy Math, Citi Edition - Jonathan Weil, Bloomberg TARP Wasn't The Bailout To End All Bailouts - D. Weidner, MarketWatch Is It Time To Start Nationalizing Ailing Banks? - Colin Barr, Fortune The Road To Salvation Runs Through China - Fareed Zakaria, WashPost Monster in Closet Is Recession, Not Deflation - John Berry, Bloomberg The World’s Central Banks Must Buy Assets - John Muellbauer, Fncl Times The Cornerstone of Capitalism Is Present Value - Hussman Funds ...

Pink Picks
FT Alphaville — ... Texas A&M is not the obvious place to pick if you want to discuss American decline. The university sends more of its graduates straight into the military than any other civilian college in the US. Its officer training corps prowl the campus in crisply pressed uniforms and knee-high leather boots, greeting each other with brisk “howdys”. Agonised introspection and crises of confidence are not Texan traits. Opinion: The world’s central banks must buy assets John Muellbauer, writer is professor of economics at Oxford University, writes: The world economy is suffering from a ...

links for 2008-11-25
Economist's View — ... Swim Together - NYTimes.com Kevin Drum asks the Romers some questions - Angry Bear The 3 laws of risk - Rogue Economist Rants Toles Skewering Economists - Washington Post Interview with Christina and David Romer - Economist's View Carbon, trade policy, and carbon free trade areas - voxeu.org Tyler Cowen on Investment During the 1930’s - pgl The world’s central banks must buy assets - FT The Short-Selling ...

FRB Dallas: Fed Confronts Financial Crisis by Expanding Its Role as Lender of Last Resort
Economist's View — ... . The general case for acting in nonbank markets is discussed in “The World’s Central Banks Must Buy Assets,” by John Muellbauer, Financial Times , Nov. 24, 2008, www.ft.com/cms/s/0/28f8faac-ba3e-11dd-92c9-0000779fd18c.html. ...

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