Comments on: Larry Summers’ New Model http://baselinescenario.com/2009/04/27/larry-summers-new-model/ What happened to the global economy and what we can do about it Sun, 27 May 2012 14:01:34 +0000 hourly 1 http://wordpress.com/ By: Can We Save the Banks, and Also Protect Consumers? - Economix Blog - NYTimes.com http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-14952 Thu, 21 May 2009 10:52:53 +0000 http://baselinescenario.com/?p=3466#comment-14952 [...] United States government’s strategy for its big banks is now quite clear. These banks have suffered big losses, so they are short on capital and ordinarily you would want [...]

]]> By: Consumer Protection When All Else Fails (Written Testimony) « The Baseline Scenario http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-14877 Wed, 20 May 2009 10:03:29 +0000 http://baselinescenario.com/?p=3466#comment-14877 [...] The government strategy today is forbearance, as in the early 1980s, in which you wait for the economy to recover by itself and [...]

]]> By: Link Rodeo: Larry Summers, Test Bias, and Entitlement Apocalypse « Nah, Nope, Not Quite http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-14641 Mon, 18 May 2009 14:37:08 +0000 http://baselinescenario.com/?p=3466#comment-14641 [...] and Entitlement Apocalypse American Ponzi…Larry Summers doesn’t practice what he preaches: But defering to big banks and prefering fiscal expansion is very much a decision in the hands of [...]

]]> By: Grading the Banks’ Stress Test | Politics News http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13550 Fri, 08 May 2009 16:02:01 +0000 http://baselinescenario.com/?p=3466#comment-13550 [...] big lesson is how the government will treat the financial system. Larry Summers has made it plain that the Obama administration will do what it takes to “support financial intermediation,” and [...]

]]> By: Simon Johnson on the banks and the stress tests. What’s « Want Less Blog http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13364 Thu, 07 May 2009 16:26:20 +0000 http://baselinescenario.com/?p=3466#comment-13364 [...] - the big banks that survived have more market power and access to large government subsidies.  Larry Summers is quite clear: “supporting financial intermediation” is a “critical node” in the President’s economic [...]

]]> By: Grading the Banks’ Stress Test - Room for Debate Blog - NYTimes.com http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13274 Wed, 06 May 2009 23:02:36 +0000 http://baselinescenario.com/?p=3466#comment-13274 [...] big lesson is how the government will treat the financial system. Larry Summers has made it plain that the Obama administration will do what it takes to “support financial intermediation,” and [...]

]]> By: Why Leaks About The Stress Tests Have Been So Confusing - The Plank http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13214 Wed, 06 May 2009 17:07:43 +0000 http://baselinescenario.com/?p=3466#comment-13214 [...] big banks that survived have more market power and access to large government subsidies. Larry Summers is quite clear: "supporting financial intermediation" is a "critical node" in the [...]

]]> By: Simon Johnson on the bank stress tests. Great commentary, as we expect from Simon. Former chief economist at I.M.F. « Want Less Blog http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13208 Wed, 06 May 2009 16:38:04 +0000 http://baselinescenario.com/?p=3466#comment-13208 [...] - the big banks that survived have more market power and access to large government subsidies.  Larry Summers is quite clear: “supporting financial intermediation” is a “critical node” in the President’s economic [...]

]]> By: Is Everyone Confused Yet? (Bank Stress Tests) « The Baseline Scenario http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13171 Wed, 06 May 2009 12:55:29 +0000 http://baselinescenario.com/?p=3466#comment-13171 [...] - the big banks that survived have more market power and access to large government subsidies.  Larry Summers is quite clear: “supporting financial intermediation” is a “critical node” in the [...]

]]> By: Simon Johnson at: baseline scenario. com. ‘DON’T JUST DO SOMETHING, STAND THERE!’ The bank stress tests are beginning to create a perception problem, but not—as you might think—for banks.” « Want Less Blog http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13162 Wed, 06 May 2009 09:20:41 +0000 http://baselinescenario.com/?p=3466#comment-13162 [...] the economy stabilizes – is working out nicely.  This is the counterpart of the macroeconomic Summers Strategy and in principle it is brilliant. “Don’t just do something, stand there,” is great advice in [...]

]]> By: Billy Jones http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13142 Wed, 06 May 2009 04:11:10 +0000 http://baselinescenario.com/?p=3466#comment-13142 summers is a brilliant and nerdy mind. i’ve been standing behind him for many years. he is opinionated and doesn’t like to hear anything else but his thinking. that’s good…..we need that!!!he’s numero uno in this thang. as i said months ago,,,,,we will be fine. did anybody go long on banks a month ago?should have.

]]> By: All About Optics (Predicting Stress Test Outcomes) « The Baseline Scenario http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-13031 Tue, 05 May 2009 11:45:09 +0000 http://baselinescenario.com/?p=3466#comment-13031 [...] the economy stabilizes – is working out nicely.  This is the counterpart of the macroeconomic Summers Strategy and in principle it is brilliant. “Don’t just do something, stand there,” is great advice in [...]

]]> By: Saturday: This song is for you, Simon Johnson « The Confluence http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-12745 Sat, 02 May 2009 14:34:42 +0000 http://baselinescenario.com/?p=3466#comment-12745 [...] that it does not prevent reckless risk-taking and an increase in your taxes down the road.  Larry Summers says this happens only twice per century, but his own argument is that we have moved away from the kind [...]

]]> By: Zombie Oligarchs « The Baseline Scenario http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-12561 Fri, 01 May 2009 10:20:40 +0000 http://baselinescenario.com/?p=3466#comment-12561 [...] that it does not prevent reckless risk-taking and an increase in your taxes down the road.  Larry Summers says this happens only twice per century, but his own argument is that we have moved away from the kind [...]

]]> By: James Hogan http://baselinescenario.com/2009/04/27/larry-summers-new-model/#comment-12535 Fri, 01 May 2009 01:50:49 +0000 http://baselinescenario.com/?p=3466#comment-12535 StatsGuy, q, nonim, Nemo…you guys are on the right track. This is a _monetary_ problem more than an “economic” problem. The market works fine, it’s the scoring system that’s screwed up.

Maybe the hosts here could have a post dedicated to thoughts on monetary systems, or how we keep score in this game.

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