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The Job Guarantee, Kleptocracy and Blogging

Edward Harrison — Mon, 09 Jan 2012 16:30:45 +0000

A post about the job guarantee idea in the context of a historic economic crisis

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Video: Warren Buffett on ‘Too Big to Fail’

Edward Harrison — Mon, 14 Nov 2011 16:15:08 +0000

Here’s more from Warren Buffett on CNBC this morning. This time he talks to Becky Quick about ‘Too Big To Fail’. CNBC host Joe Kernen takes sides with the Occupy Wall Street protesters and asks Buffett whether we can regulate them to “keep them honest” or whether we need to “break them up”. Buffett responds in the video below

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On Eurobonds and Italian default

Edward Harrison — Mon, 15 Aug 2011 17:30:54 +0000

The bottom line is this: many in Northern Europe see this crisis as the result of the fiscal profligacy of bad actors which were known before the Euro’s existence to be bad actors. All of these countries except Spain have been running huge deficits throughout the last decade. In my view, Edward Hugh makes the right macro assessment - Italy is the elephant in the euro room, not Spain - and asks the right questions: Can Italy Grow Its Way Out of Debt? If it can’t, eventually Italy will default and the euro will be finished

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What the Germans are reading

Global Macro Monitor — Fri, 12 Aug 2011 16:30:00 +0000

The front page of Germany’s top selling newspaper, Bild, “has forsaken its usual topless model in favor of gold bars… which the paper is giving away all day."

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The debt ceiling debate: view from Germany

Edward Harrison — Fri, 15 Jul 2011 17:00:46 +0000

Here’s what Germany’s largest daily newspaper Bild Zeitung has to say about the politics in the US around the debt ceiling

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What Bernanke should have said?

Edward Harrison — Wed, 13 Jul 2011 15:30:28 +0000

These questions sound like Congress thinks the US will be the next Greece. And that makes them likely to turn the US into the next Japan. The Congressmen almost never ask questions. They are statements posed as questions to get Bernanke to back their ideological position. Here’s what Bernanke should do when he doesn't want to answer questions. Why doesn't he just do this: point to the debt ceiling debate and say to every single question he’s asked

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On Dickishness

Marshall Auerback — Fri, 01 Jul 2011 16:00:51 +0000

It may not have been the most felicitous choice of phrase, but Mark Halperin’s characterization of Barack Obama was not far off the mark, even if he did get suspended for it

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Freedom of Speech in Pakistan and India

John Lounsbury — Mon, 13 Jun 2011 05:13:24 +0000

I feel the media in India has become quite complacent about the tawdry condition of free speech in India. All too often journalists can be warned off a seamy story by a tiny exercise of power or influence. All too often, the crooks are able to buy the loyalty of a journalist quite easily. There isn't enough intellectualism going around, among the men and women in the media. Eshwar Sundaresan, writing in Dawn, says that India badly needs more journalists of the character of Pakistan's Najam Sethi. This is one of many areas where India's success in the last 20 years is leading to an erosion of the very foundations of that success.

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Taiwanese Animation: How AOL snared HuffPo

Edward Harrison — Tue, 08 Feb 2011 20:00:09 +0000

In case you don’t have the time to read my text version of the AOL acquisition of the Huffington Post, here is the Taiwanese animated version. Related Posts Taiwanese Animation – Google: Just Be Evil 20 Aug 2010 Taiwanese animation: Microsoft as Obi-Wan to Apple’s Vader. Where’s Skywalker? 23 Jul 2010 Taiwanese Animation: Primer on

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Some Nice Super Bowl Ads

Edward Harrison — Mon, 07 Feb 2011 19:00:00 +0000

Ozzy Osborne and Justin Bieber for Best Buy Volkswagen and Vader, Audi in Jail, and the New GoDaddy Diva Chrysler’s Imported from Detroit Eminem Ad Related Posts No related posts. More About: advertising, Business, Detroit, funny, media

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Kartik Athreya for Fed Chairman

Frederick Sheehan — Thu, 01 Jul 2010 15:00:00 +0000

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Federal Reserve economist Kartik Athreya has written what all Federal Reserve apologists believe: "Economics is Hard. Don’t Let Bloggers Tell You Otherwise." This paper of June 17, 2010,

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Other Alpha Sources

Claus Vistesen — Wed, 30 Jun 2010 18:00:00 +0000

A post on the latest economics debates by Claus Vistesen Steve Waldman has a very good post this week about the folly about the austerity vs non-austerity discussion which seems to be going the rounds at the moment. In fact, it you take a mental picture of the current financial market discourse most arguments can

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More On The Supposed Economic Illiteracy Of Bloggers And Other Links

Edward Harrison — Wed, 30 Jun 2010 15:00:00 +0000

Must-reads Rajiv Sethi: On Blogs and Economic Discourse Time to shut down the US Federal Reserve? – Telegraph Blogs The Usual Fare Morgan Stanley – Global Economic Forum – The Case for Argentina Leaving oil spill alone might have been better for environment – National Post Zoo plans to bring rare animals back from the

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On Bloggers’ Supposed Economic Ignorance and Other Links

Edward Harrison — Tue, 29 Jun 2010 12:48:49 +0000

In defense of bloggers on the economy Marginal Revolution: How hard is economics? Signal and Noise in Economics Writing, Arnold Kling | EconLog | Library of Economics and Liberty Matthew Yglesias » Do I Have Anything Interesting to Say? TheMoneyIllusion » Why won’t those &$*%#@ bloggers go away? FT Alphaville » Bloggers can’t do economics.

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Portrait of the anonymous online poster

Edward Harrison — Mon, 21 Jun 2010 13:29:39 +0000

Check out the related article at the Globe below. Where are the gals, pray tell? Hat tip Tracy Alloway Source: Inside the mind of the anonymous online poster – Boston Globe Related Posts No related posts. More About: blog, Business, funny, journalism, media

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Edward Hugh profiled in the New York Times and other links

Edward Harrison — Wed, 09 Jun 2010 13:32:02 +0000

Must-Read Blog Prophet of Euro Zone Doom – NYTimes.com The Usual Fare BBC News – Finland in double-dip recession Sarkozy, Merkel urge faster EU curbs on speculation – National Post BP well may be spewing 100,000 barrels a day, scientist says | McClatchy Guest Post: Predatory Pharma – An End to Too Big to Nail?

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Lena Horne: 1917-2010

Edward Harrison — Tue, 11 May 2010 01:40:58 +0000

Sources Lena Horne Dies at Age 92 – Art Beat Lena Horne – Wikipedia Lena Horne Obituary – The State, SC Remembering Groundbreaking Jazz Icon, Actress Lena Horne – PBS Related Posts No related posts. More About: cinema, journalism, media, Society

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Full Statement of UK Prime Minister Gordon Brown on Decision to Step Down

Edward Harrison — Mon, 10 May 2010 20:56:10 +0000

Below is the transcript of Brown’s remarks. "We have a parliamentary and not presidential system in this country and as I said on Friday, with no party able to command a parliamentary majority arising from the general election, my constitutional duty as prime minister is to ensure that government continues while parties explore options for

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Is the Goldman case a one-off or the first of many?

Edward Harrison — Tue, 20 Apr 2010 15:04:25 +0000

This is THE issue that everyone wants to know. When I wrote the The politics of the Goldman fraud case and referred to "leeway in how to proceed later against Goldman and other firms using the same practice," I meant that it was not at all clear whether this was a politically-motivated one–off or the

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Vicky Ward: On Lehman "we really do need prosecutors to get people into a courtroom"

Edward Harrison — Thu, 15 Apr 2010 17:16:05 +0000

Vicky Ward, author of "The Devil’s Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers," told Bloomberg that prosecutors need to get going if we are going to get any answers regarding why Lehman Brothers collapsed in a heap in the largest bankruptcy in US history and revealing a massive $150 billion

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Twitter’s Evan Williams explains strategy, revenue and promoted tweets

Edward Harrison — Thu, 15 Apr 2010 00:21:16 +0000

Also see: Twitter Has a Plan to Make Money With Ads – NYTimes.com Library of Congress to Preserve Tweets for Eternity – Mashable Bit.ly Links Get Clicked 3.4 Billion Times A Month, New Features Coming – Tech Crunch The Twitter Platform’s Inflection Point – A VC Does Rest Of World Matter More Than The US?

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Recovery Triumphalism and the Committee to Save Wall Street

Edward Harrison — Tue, 13 Apr 2010 12:40:00 +0000

I am starting a new list of articles on my reading list which point to the success of what Marshall Auerback calls "The Committee to Save Wall Street," with this Newsweek cover as a contrarian indicator. The point is that the propaganda machine is out in full force. We are likely to see some serious

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Koo, White, Soros and Akerloff videos from inaugural INET conference

Edward Harrison — Sun, 11 Apr 2010 12:35:00 +0000

These videos are from the Inaugural Institute of New Economic Thinking (INET) conference in Cambridge. Hat Tip Mark Thoma. Related Posts Banking Committee: Videos of CEOs’ opening statements 11 Feb 2009 Soros: ‘Markets have moods’ 1 Jul 2009 Soros: ‘the dollar is a very weak currency except all the others’ 1 Jul 2009 More About:

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Which media companies will have a hard time adapting?

Edward Harrison — Thu, 08 Apr 2010 14:40:59 +0000

I originally wrote this post under a different title yesterday. I have changed the title to more accurately reflect what I am driving at in the post. Otherwise the post is exactly the same. The question is: which media companies will find their revenue streams threatened by the shift in the financial media landscape? I

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Lehman’s collapse and the future of financial news

Edward Harrison — Wed, 07 Apr 2010 14:34:17 +0000

I was on a panel of bloggers at a conference at the Columbia School of International and Public Affairs, “Facing the Fracture: Media & Economic Understanding.” The event, organized by Anya Schiffrin and sponsored by the Roosevelt Institute, brought some pretty smart journalists together to talk about the future of financial journalism in the face

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A few thoughts on the difference between blogs and news

Edward Harrison — Mon, 05 Apr 2010 17:04:09 +0000

I am on my way to a conference called Facing the Fracture: The Media and the Economic Crisis at Columbia University sponsored by the Roosevelt Institute and I wanted to run a few thoughts on blogging by you. What I am going to say applies as much in the political blogosphere as it does in

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Mortgage fraud indictments result from media investigation

Edward Harrison — Wed, 17 Mar 2010 18:03:14 +0000

Mortgage fraud was rampant during the housing boom. Regulators were asleep at the wheel during all of this. But now we are getting some indictments as WFAA News 8 in Dallas reports (hat tip Housing Wire). This television station did the dirty work for regulators and uncovered massive amounts of mortgage fraud. Byron Harris reports:

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Stat of the Day: Home loan delinquencies going bad faster than fixes

Edward Harrison — Tue, 16 Mar 2010 22:19:38 +0000

I see Diana Olick’s recent comments about government mortgage modification programs as proof that these props will not work. She says: Despite extraordinary loss mitigation efforts that have resulted in the execution of approximately two million loan modifications – including the federal government’s Home Affordable Modification Program (HAMP) trial periods – the number of new

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Michael Lewis and Wall Street’s Doomsday Machine

Edward Harrison — Mon, 15 Mar 2010 13:00:00 +0000

Michael Lewis is out with a new book “The Big Short: Inside the Doomsday Machine” which discusses how the big hitters on Wall Street destroyed $1.75 trillion of capital. His phrase ‘Doomsday Machine’ is reminiscent of former IMF chief economist Simon Johnson’s ‘Doom Loop’ phraseology which I reviewed two weeks ago. Below, Lewis discusses his

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The Economy’s Vicious Cycle for Michigan Banks and Business

Edward Harrison — Mon, 15 Mar 2010 00:54:32 +0000

The video below from the Wall Street Journal gets at the heart of why the bailouts have been so toxic for the economy. Banks, still laden with existing bad loans to small businesses, are unwilling to make new ones. Businesses, unable to receive credit, cannot expand or must downsize. This in turn puts a squeeze

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Spain’s debt woes and Germany’s intransigence lead to double dip

Edward Harrison — Wed, 10 Mar 2010 08:18:04 +0000

The Bloomberg video is a bit sensationalist in my opinion. But it gets to the heart of the problem in Europe, namely Spain. Spain has an economy and debt which is an order of magnitude larger than Greece. That means that problems in Spain are more critical than in Greece. But it also means that

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Alpert: Two years until we see market-clearing prices in housing market

Edward Harrison — Tue, 09 Mar 2010 20:33:12 +0000

Ann Lee and Dan Alpert joined Bloomberg’s Pimm Fox today to talk about the housing market recovery. Lee, a professor of finance at New York University, was sceptical that population growth predicts any substantial increase in housing transactions and prices simply due to the continued pressure on wages and disposable income. and Dan Alpert, managing

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Is this a CNBC parody or the real thing?

Edward Harrison — Tue, 09 Mar 2010 15:44:43 +0000

This 30 Rock parody almost has it down. Related Posts How did economists get it so wrong (parody version)? 8 Oct 2009 CNBC: One-On-One with Buffett 20 Jan 2010 More Warren Buffett on CNBC 9 Mar 2009 More About: journalism, media, More, video

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It’s about personal responsibility. No one made people buy these cars

Edward Harrison — Thu, 04 Mar 2010 21:16:54 +0000

If you’re wondering where these ridiculous, hare-brained comments are coming from, then watch this video and listen to Rick Santelli speak about predatory lending. The only one who acquits herself in this segment is Janet Tavakoli. Bill Isaac, a former FDIC head – the guy talking about regulation as if commercial banks are already

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Video: Greece on the Brink – Anatomy of a Debt Crisis

Edward Harrison — Tue, 02 Mar 2010 20:45:41 +0000

The following is a Wall Street Journal video on the sovereign debt crisis in Greece. Also see the associated article in the Wall Street Journal: Greece Set to Outline New Austerity Measures Wednesday. Related Posts Stephen Roach and Jim Grant: Video of credit crisis thoughts 29 Sep 2008 Video: Fitch downgrades Greece to BBB+ as

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Video: Greece on the Brink – Anatomy of a Debt Crisis originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Stephen Roach and Jim Grant: Video of credit crisis thoughts 29 Sep 2008
Video: Fitch downgrades Greece to BBB+ as violence erupts 8 Dec 2009
Video: Scenes from general strike in Greece to protest austerity 25 Feb 2010