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    Economics, Politics / bailouts, bank capital, bank liquidity, bank regulation, banking, FDIC, Federal Reserve Board, Silicon Valley Bank /

    Silicon Valley Blues

    March 15, 2023

    The circumstances of Silicon Valley Bank are well rehearsed by now.   The bank sat at the epicenter of the tech-bro start-up ecosystem and played a pivotal role in the collection and disbursement of all the cash that flows through that system.  It was an extremely odd bank.  Unlike the everyday banks most of us […]

    Economics, Politics / consumption, inequality, Investment, Martin Wolf, savings /

    Wolf Knows Better. I know He Does

    February 22, 2023

    What am I supposed to make of this? Martin Wolf, someone whose work I always pay attention to, flubs it and leaves us with a partial picture.  That’s unlike him.  Perhaps it was the editing? In any case the notion that the UK needs to generate more savings, which is what Wolf is arguing in […]

    Commentary, Economics / growth, inflation, monetary policy, plutocracy, stagnation, wages /

    State of Play at Year End

    December 29, 2022

    Is it just me? Or is the realm of punditry in a state of confusion? There seems to be an emerging consensus that something big is happening.  It’s just that we don’t quite know what.  The problem is that the template we are all applying is frayed if not shattered.  Consequently we are searching for […]

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