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    Economics / banking, commercial real estate, credit cards, Goldman Sachs, Morgan Stanley, regulation, stress tests, TARP /

    Do Not Trust the Big Banks

    July 7, 2009

    Amid the clamor over health care and all those green shoots the fate of the big banks has faded from the public glare. This has led to a complacency in the analytical and media: the general feeling seems to be that the banking crisis has abated and that we can ‘check it off’ our list […]

    Economics / stimulus, unemployment /

    More Stimulus Nonsense

    July 6, 2009

    As an update to my last post on the stimulus: the drumbeat of criticism that the stimulus is not working is just annoying. Anyone who took the trouble to read the actual proposals back at the time the stimulus package was legislated into being would know that no one thought it would start to have […]

    Economics / health care /

    Health Care: Rationing and Cost

    July 6, 2009

    Of all the silliness being thrown up in the air during our ongoing health care debate three aspects stand out as being the most silly: that a public option introduces ‘unfair’ competition, that any government plan implies the introduction of rationing, and that the idea of extending coverage to everyone is just not affordable. All […]

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