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Naked Capitalism

Economics blog for your heart's delight.
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Elizabeth Warren on Bank Bonuses, Power of Bank Lobbies

Oct 16, 2009
Two good segments from an interview with Elizabeth Warren of the Congressional Oversight Panel (hat tip reader Scott) at Tech Ticker: Warren discusses how banks are winning, hands down, in...

Greed is not good

Oct 15, 2009
In the 1987 movie classic Wall Street, the sinister protagonist Gordon Gekko played by Michael Douglas gives this famous quote: In the last...

Guest Post: How Bad Will Unemployment Get, And What Can We Do About It?

Sep 8, 2009
Unemployment is disastrous on both the individual and societal level. Individuals who look for work but can’t find it are miserable.  Indeed, most...

Is China Japan Circa 1989?

Aug 29, 2009
It must be lonely being a China bear....particularly for those dubious about its longer term prospects, as opposed to those who might simply think its stock market is a bit ahead of itself even...

Revisiting employment indicators for signs of recovery

Aug 10, 2009
If you recall, at the end of May, I wrote a post “Both initial claims and continuing claims now pointing to recovery” that said jobless...

Links 11/25/09

Nov 25, 2009
Scientists give grubby children a clean bill of health Guardian 100 Stray Icebergs Approaching New Zealand Clusterstock Alpha males must trade on more than machismo John Coates Financial Times The Ides of March and the Fed exit strategy John...

More on the Miller-Moore Amendment and Unintended Consequences

Nov 25, 2009
Yesterday, I went after two targets in one post. The primary one was Andrew Ross Sorkin, who despite the considerable reporting and storytelling skills he demonstrated in Too Big Too Fail, seemed unable to keep a heavy-handed pro-Fed posture out of an...

"A significant portion of policymakers are simply clueless"

Nov 25, 2009
Tim Duy, my favorite Fedwatcher, has a very good post up which combines a general reading on the state of the consumer and then segues to the Fed’s take on matters. The section I found particularly telling: As has already been widely noted, the...

Guest Post: Instead of Fixing the U.S. Economy or Creating Jobs for AMERICANS, Obama Will Spend The Money in Afghanistan and Iraq

Nov 24, 2009
America is in the most severe unemployment crisis since – and perhaps including – the Great Depression. And yet Obama, like Bush, has done virtually nothing to create more jobs. Instead, they both gave trillions to the biggest banks (who are not...

British regulators disclose terms of emergency aid during panic of 2008

Nov 24, 2009
By Edward Harrison of Credit Writedowns The Financial Times reports that British regulators have now opened up to reveal more of the details surrounding the emergency aid banks received during the most acute periods of stress to date in the financial...


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