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    Economics / capitalism, Karl Marx /

    Capitalists Can Bug Me – I Admit It!

    April 10, 2009

    As a committed child of the working classes, or more accurately a grandchild, nothing is more designed to get my back up than a conversation with an equally committed capitalist. Now, having traveled through ‘B’ school and the banking industry for many years I have nothing against capitalism: I believe it to be the best […]

    Economics / B. of A., banking, Citibank, Geithner, GM, Ken Lewis, Paul Krugman, Reagan, Simon Johnson /

    The Big Problem

    April 10, 2009

    Let’s allow the optimists some fun for a while: all the cable TV channels and now the Wall Street Journal are agog with predictions of an end to this recession as early as this Fall. As I have said before I don’t believe that yet – the upbeat data is just too fragile and limited […]

    Economics / bailouts, foreclosures, GDP, inflation, jobs, money supply, recovery, stimulus, unemployment /

    What Kind of Recovery

    April 8, 2009

    Perhaps it’s simply Spring, but there has been some mildly encouraging data over the past two or three weeks. So the discussion has turned towards the nature of the upcoming recovery. In particular will it be a sharp upturn? Or will it be a long slow slog? Before we get to that let me first […]

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