Anglonoise

A few things I learned.

Of traps and mice.

We need a larger fiscal stimulus. [This is part III of a seven-part (!) discussion. Part I, II and IV ...]

Let's look at the second myth. The one that lead BB&Co to cut the Fed Fund Rate to zero last month. Even Bob Lucas, I am told, approved of it. I do not: it is either useless or, most likely, damaging…

I find the ongoing public debate on the "crisis" and its "solutions" misguided. It is a "100-times larger" replica of the one that took place in 2001-2003 (and gave us the policies the effects of…

Here's is why, all the other criticisms notwithstanding and no matter how slick and refined the auctions will be, the Paulson plan cannot solve the liquidity and financial crisis anytime soon.

This is the third part of 1000 Alitalia in one shot ... I have a "new" coauthor and we have managed to find some data that leave us rather puzzled about the whole thing. In fact, we are still working…

I apologize for being so verbose, but while writing I am trying to also clear my mind of its many confusions. Because nFA is a blog read by many people, I am also trying to make the argument at least…

Trying to make sense of what is happening in the US financial markets, and of what the Fed and the US Government are doing, is not that simple. I start today, in the hope to finish the second and…

... is being implemented collectively by Bernanke, Paulson and the Congress. It will deliver, it is already delivering, inflation and devaluation of the dollar. While its alleged purpose is to…