Comments on: Where Are We Now? Five Point Summary

By: What Next For The Global Crisis? « Föhrenbergkreis Finanzwirtschaft

What Next For The Global Crisis? « Föhrenbergkreis Finanzwirtschaft — Fri, 26 Jun 2009 13:36:56 +0000

[...] Reserve credits; repeated attempts to remove “bad assets” in some form or other, and – the apparent masterstroke – regulatory forbearance, as signaled through the recent stress [...]

By: ‘WHAT’S NEXT FOR THE GLOBAL CRISIS?,’ by Simon Johnson from baselinescenario. com « Want Less Blog

Wed, 24 Jun 2009 02:34:30 +0000

[...] Reserve credits; repeated attempts to remove “bad assets” in some form or other, and – the apparent masterstroke – regulatory forbearance, as signaled through the recent stress [...]

By: Global Crisis Orientation « The Baseline Scenario

Global Crisis Orientation « The Baseline Scenario — Tue, 23 Jun 2009 19:20:59 +0000

[...] Crisis Orientation First time reader? See our recent 5-point summary. Also try our article in The Atlantic (over 1.1 million [...]

By: Etl World News | What will drive future growth?

Etl World News | What will drive future growth? — Tue, 23 Jun 2009 09:20:08 +0000

[...] Simon Johnson asks: [...]

By: What Next for the Global Crisis?

What Next for the Global Crisis? — Tue, 23 Jun 2009 03:27:19 +0000

[...] Reserve credits; repeated attempts to remove “bad assets” in some form or other, and – the apparent masterstroke – regulatory forbearance, as signaled through the recent stress [...]

By: What Next For The Global Crisis? « The Baseline Scenario

What Next For The Global Crisis? « The Baseline Scenario — Tue, 23 Jun 2009 03:15:28 +0000

[...] Reserve credits; repeated attempts to remove “bad assets” in some form or other, and – the apparent masterstroke – regulatory forbearance, as signaled through the recent stress [...]

By: Reed Hundt

Reed Hundt — Mon, 22 Jun 2009 12:05:45 +0000

What will drive the recovery and what drives all significant economic expansion is the growth of at least one major new market — something new that emerges from Schumpeterian competition. That is why the real purpose of the Waxman-Markey environment bill is to overbuild the existing carbon-based electricity market with a clean energy market, at a total investment cost of about one trillion over 20 years. And the essential mechanism for this goal is the combination of a national renewable electricity standard (stimulating demand) and a non profit wholesale green bank (providing a satisfactory return to equity).

By: samuel

samuel — Thu, 18 Jun 2009 14:57:10 +0000

your analysis is one of the best I have ever seen Thank u

By: Bottoming out? « Blogging Through the Wreckage

Bottoming out? « Blogging Through the Wreckage — Wed, 17 Jun 2009 20:03:33 +0000

[...] Simon Johnson says the economy has begun to bottom out, but cautions that unemployment (traditionally a lagging indicator) has probably not yet peaked and could remain high for a few years. Given that the unemployment rate is already 9.4%, that suggests double-digit unemployment in the near future. [...]

By: c smith

c smith — Tue, 16 Jun 2009 17:05:14 +0000

Why? Isn’t the potential wealth still there, if we redistributed land on a small-farmer basis? Wouldn’t that, for the first time in history, afford a society where it really was true that your intelligence and hard work defined your success?

Is your goal here to create farmers or feed people? Our society feeds (I would say over-feeds) more people more efficiently than any in history.

By: Economic Recovery or Not - in Pictures

Economic Recovery or Not - in Pictures — Tue, 16 Jun 2009 06:24:21 +0000

[...] weekend summary included this sentence on the macroeconomic situation: “The real economy begins to bottom out, [...]

By: Recovery – or Not – in Pictures « The Baseline Scenario

Recovery – or Not – in Pictures « The Baseline Scenario — Tue, 16 Jun 2009 03:20:49 +0000

[...] a comment » Simon’s weekend summary included this sentence on the macroeconomic situation: “The real economy begins to bottom [...]

By: houghtie

houghtie — Mon, 15 Jun 2009 21:51:18 +0000

Oops, where do all our “friends in the REAL east” fit into this (China/Japan/Russia)? How much cheap credit has been generated by their excess savings/low consumption? I’m afraid your money go round is accurate in some respects, unfortunately it doesn’t quite go round in a circle, its like one of those optical illusions! Far east (& Germany) makes things, US and some others buy them, value moves from WEST to EAST. EAST has money sat doing nothing so they buy US Treasuries and other US debt such as mortgages (helps keep down their export costs as it suports the dollar and anyway where is their money gona go otherwise). Those purchases help free up credit in the WEST and lower interest rates (disinflation of the past 15 years). That encourages more purchases from the EAST by consumers in the WEST. And so it goes on … until something gives! Where does that leave things? WEST with big debts and difficulty earning themselves out of it. EAST with dodgy debts and no one to sell to anything to any more!

By: Economic analysis | Must Reads Monday, June 15, 2009 - Contrarian Stock Market Investing News - Featuring Bargain Stocks

Mon, 15 Jun 2009 19:50:19 +0000

[...] Where are we now? A 5 point summary The Baseline Scenario [...]

By: David Martin

David Martin — Mon, 15 Jun 2009 18:48:03 +0000

George Osborne, who is the Shadow Chancellor of the Exchequer in the UK, and may be in power by next June, wrote an article in today’s Times in which he pledged to carry out vigorous spending cuts, and mentioned that Canada’s cuts in the 90′s gave him inspiration:
http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article6499028.ece

Perhaps he could also be persuaded to follow Canada’s example in pledging to regulate banks properly, as at present the UK is vying with the US in trying to sweep all the problems under the carpet, and instead of real reform limiting the Bank’s ability to take on dodgy loans for multiples of the UK’s GNP and to indulge in huge leveraging, are just assuring us that the regulators will not make mistakes in future, in spite of their horrendous record.

In the UK at least the administration is likely to change before that in the US, and so new figures not committed to the present series of mistakes will be in power.