Krugman – Stiglitz : le débat inachevé. Le récent débat ayant opposé les deux Prix Nobel d’économie par blog interposé, n’a pas manqué d’intérêt.
Stiglitz a dégainé le premier en montrant la corrélation entre les inégalités de revenus aux Etats-Unis et la faiblesse de la croissance. Krugman lui a répondu en s’attachant à montrer que le lien était loin d’être évident. Le débat aurait pu nous satisfaire. Il nous laisse un goût d’inachevé. Explications. Afin de mieux comprendre la teneur du débat, il apparait indispensable de revenir sur les arguments dévoilés.
Le premier argument est en rapport avec la baisse du revenu réel de la classe moyenne américaine depuis 1996, notamment en raison de l’accaparement de la croissance de la richesse par les 1 % d’américains les plus riches (93 % en 2010). Mais cette baisse des revenus de la classe moyenne américaine implique également des conséquences indirectes. Puis il détaille le durcissement des conditions de vie des américains qui voient leur rêve américain se détériorer peu à peu.
Gold standard: Could it return in the US? 30 August 2012Last updated at 08:31 ET By Robin Banerji BBC World Service For many years, calling for "a return to the gold standard" in the United States put you in the company of economic eccentrics and the libertarian, Congressman Ron Paul.
But this week, the Republican Party agreed to set up a commission to look into fixing the gold value of the dollar. Why? How psychopaths take over. My father was a market trader in London.
MF Global. Un article de Wikipédia, l'encyclopédie libre.
Libor. Barclays. Matt Taibbi. Un article de Wikipédia, l'encyclopédie libre.
Matt Taibbi. Thank You, Rolling Stone | BLOG ENTRY Today is my last day at Rolling Stone.
Agony Column Podcast. The Inside Story Of Matt Taibbi's Departure From First Look Media. Raging Against Hacks With Matt Taibbi. Les déboires de Knight Capital, spécialiste du trading haute fréquence. Bond Traders Deal in High Expe. Wall Street Eyes Protection Against Euro Exit. US News Page 1 of 3 | Next PageShow Entire Article Wall Street Eyes Protection Against Euro Exit Financial Times | August 06, 2012 | 12:16 AM EDT Wall Street banks are increasingly telling counterparties and borrowers to restructure contracts or find another bank as they prepare for the potential exit of a country from the eurozone.
Citigroup. Goldman-Sachs. JP Morgan. Federal Reserve. Armageddon imminent : les traders jouent-ils à se faire peur ? Exclusive: U.S. banks told to make plans for preventing collapse. Top Investor Warns of “Financial Armageddon” as Soros Dumps Bank Stocks, Buys Gold. In what analysts say is another indication that the economy will get worse in the not-too-distant future, recent filings by billionaire financier George Soros show he dumped virtually all his holdings in major financial companies like JP Morgan, Goldman Sachs, and Citigroup. His multi-billion-dollar U.S. fund also loaded up on gold, with the portfolio now holding more than $130 million worth of the precious metal. Data compiled by analysts based on Soros’ most recent 13F filing with the Securities and Exchange Commission (SEC) showed that during the last quarter, his American fund sold more than a million shares of the big financial companies with a value of almost $50 million.
During that period, Soros Fund Management also more than doubled its position in the SPDR Gold Trust to nearly 900,000 shares. Despite his far-left political agenda, Soros has a solid track record of making wise financial moves. Americans should pay attention. At least the feds seem to be preparing. The Only Way to Save the Economy: Break Up the Giant, Insolvent Banks. The Government Created the Giant Banks As MIT economics professor and former IMF chief economist Simon Johnson points out, the official White House position is that: (1) The government created the mega-giants, and they are not the product of free market competition (2) The White House needs to “regulate and oversee them”, even though it is clear that the government has no real plans to regulate or oversee the banking behemoths (3) Giant banks are good for the economy This is false … giant banks are incredibly destructive for the economy.
We Do NOT Need the Big Banks to Help the Economy Recover. Richard Fisher about Big Banks. Be Ready To Mint That Coin. Debt in a Time of Zero. I’ve had communications from a number of people asking an interesting question relating to the debt ceiling and other issues: why does the Federal government have to borrow at all?
Why can’t it just print money to pay its bills? After all, haven’t people like me been saying that this isn’t actually inflationary? Now, it turns out that there really is a problem, or actually two problems — but they’re a bit subtle. First, as a legal matter the Federal government can’t just print money to pay its bills, with one peculiar exception. Instead, money has to be created by the Federal Reserve, which then puts it into circulation by buying Federal debt. PRAGMATIC CAPITALISMLET'S END THIS DEBT CEILING DEBATE WITH A $1 OZ. $1T COIN. A reader points out a very interesting loophole in the debt ceiling debate that would give the US Treasury the ability to tell the US Congress to take their fearmongering and shove it you know where.
Rothschilds. Lord Rothschild takes £130m bet against the euro. Subprime. Mortgage Bankers Association. Mortgage Bankers Association. The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry.
Headquartered in Washington, DC, MBA represents over 2,200 member companies. MBA’s membership base includes all sectors of the real estate finance industry including originators, servicers, underwriters, compliance personnel and information technology professionals representing mortgage companies in the residential, commercial and multi-family arenas. During the housing crisis of 2008, the associations's membership fell from 3,000 to 2,500. It's current membership is 2,200. MBA is headed by David H. Stevens, President and Chief Executive Officer. Lobbying Activity Education The MBA offers training and continuing education to mortgage professionals. CampusMBA CampusMBA is the education division of the Mortgage Bankers Association.
Derivatives 2010. Debt Post Bailout. Hedge Funds. Derivatives. Etats-Unis en faillite.