There really is not too much to say about GM that hasn’t been already said: it is a dead company. It reminds me of the famous Monty Python sketch about the parrot. As the great John Cleese said ‘if it hadn’t been nailed to the perch it would be pushing up the daisies’. In many […]

I highly recommend this article by Simon Johnson: The Quiet Coup – The Atlantic (May 2009) There are two key points to take away. First: the financial sector has far too much political power in America. The intermingling of Wall Street people and politicians has produced a very unhealthy ‘oligarchic’ interdependency between the two. Specifically, […]

In response to a question about this comment at The Baseline Scenario: Pay Back Time? The upcoming G20 meeting threatens to be either raucous or a typically weasel worded non-event. there are huge policy differences between the US/UK and Europe on how to deal with the current crisis. In fact the European response seems to […]