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CSIS hosted Richard C. Koo, the world renowned chief economist of Nomura Research Institute, for a speech titled “Great Recessions- Lessons Learned from Japan.”
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Dylan Outlines the 4 Steps to Fix the Banks….
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Goldman Sachs’ secret bets.
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Source:
How Goldman secretly bet on the U.S. housing crash
Greg Gordon
McClatchy Newspapers, November 1, 2009
http://www.mcclatchydc.com/227/story/77791.html
The bull is still very much in charge, but it pays to be cautious, as bargains are getting harder to find, says Barron’s Lauren Rublin.
Knowledge of economic history has helped policy makers make the right decisions in the wake of the financial crisis, George Akerlof, author of ‘Animal Spirits’ and Nobel Laureate, told CNBC Thursday.
CNBC Europe: Fri. Oct. 30 2009 | 4:25 AM ET
We had Congressman Grayson at our Conference in the spring — he is a fireball, who speaks truth to power.
What I especially like about him is that he makes both the far left and the far right very angry.
Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July '08. After a flat reading in Aug, (didn't fall b/c of the CARS program), non revolving debt outstanding fell by $4.9B. Revolving (mostly credit cards) balances outstanding fell by $9.9B. To fully put into perspective today's data, look at the current level of consumer credit (doesn't include mortgages, the biggest chunk of consumer credit) relative to GDP. As of Q3, it totaled 17.2%...
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