Category: Markets
Regional Fed Prez Backs EW: TBTF Destroying US Real Economy
While we obviously have a slightly more wild style — and some differences in substance —
it appears that the President of the Federal Reserve Bank of Kansas City
agrees with the basic analysis expressed in our Feature today on
the lessons of the Fed Document Dump for the American economy.
Thomas M Hoenig argues that more must be done
to address a threat that remains increasingly a part of our economy:
financial institutions that are “too big to fail.”
Euro-Zone Solution May Require Big Bank “Haircuts”
1 December 2010
Since the start of the euro crisis, Europe’s leaders have perfected two techniques:
scrambling to catch up with events, and playing them down.
Again and again, they have been forced to assemble bailout packages to prevent the euro zone from breaking apart.
And after each new one, they insist that the measures are purely psychological and will probably never be needed.
Korea Crisis Key: Refugees from the North
29 November 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com
Almost all public discussion of the Korean situation has focused on immediate actions and re-actions,
without a clear understanding of the deep factors at play for the main actors —
North Korea, South Korea, China, Japan, and the US — in the on-going tit-for-tat.
While there are several of these, in our view, the most important is the fear in China and South Korea that —
