Tag Archives: derivatives

Grand Theory, Continued

Since my post last week on A Grand Theory Of Our Present Dilemma, I have been inundated with a great deal of personal communications from friends and colleagues that point out that quite a few other economists have been advancing … Continue reading

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Calling Greenspan to Account

Somehow Alan Greenspan has been able to escape blame for the mess we find our selves in today. But as Peter Goodman points out this morning, the fingerprints of Greenspan’s radical Ayn Rand libertarianism are all over the Credit Crisis. … Continue reading

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Calling Greenspan to Account

Somehow Alan Greenspan has been able to escape blame for the mess we find our selves in today. But as Peter Goodman points out this morning, the fingerprints of Greenspan’s radical Ayn Rand libertarianism are all over the Credit Crisis. … Continue reading

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The Banking Refinance Shock

In 2006 many big banks shortened the maturities of their debt and increased the size of the offerings. They thought they could borrow short term at cheap rates and invest in all those exciting packages of derivatives and sub prime … Continue reading

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