Wall Street Crisis

Welcome to the 'Wall Street Crisis' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'Wall Street Crisis'.

Latest blogosphere posts tagged “Wall Street Crisis”

• China, the United States, and 20 million zombies

  
  Re: The People — Authority: 125
  The relationship between these two big guns of global market has been covered by many writers, and, inevitably, their examination boils down to one of two classes of observations:Buyer and Seller: This is a simple, straightforward relation: China sells us 42 inch high definition wide screen plasma televisions; we sell ...
  15 hours ago

• Throwing in the towel…

  
  Re: The People — Authority: 125
  With today’s revision of third quarter GDP, from 3.5 percent growth to 2.2 percent, it is clear that we were right: What failed in 2008 was not simply the five biggest investment houses on Wall Street, but the actual Rube Goldberg mechanism that is the American Dollar Empire itself.First, with Krugman, DeLong, and ...
  3 days ago

• Quote of the Day

  
  Political Byline — Authority: 599
  Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided with wealthy bankers ...
  2 weeks ago

• Unemployment: The bizarre prescription of L. Randall Wray – After note

  
  Re: The People — Authority: 125
  It struck us this morning, after re-reading this series of posts, that none of our arguments need have been made against Wray, since the logical fallacy of his views can be exposed with one question:How are the federal budget, and the current account deficits being funded right now?The answer is obvious: From a pool ...
  2 weeks ago

• Unemployment: The bizarre prescription of L. Randall Wray – Final

  
  Re: The People — Authority: 125
  CONTINUED FROM HEREIn order to really judge the astonishing lack of honesty in L. Randall Wray’s argument, however, we just have to peel back the layers of his argument that:The trade deficit represents a leakage of demand from the US economy to foreign production. There is nothing necessarily bad about this, so ...
  2 weeks ago

• Unemployment: The bizarre prescription of L. Randall Wray – Part 3

  
  Re: The People — Authority: 125
  CONTINUED FROM HEREThe question, of course, is not whether the Reagan budget deficit produced the foreign trade deficit, or whether the former was required once the latter emerged. The question is how it became necessary for the United States to run both a continuous federal budget deficit and a current account ...
  2 weeks ago

• Brad DeLong’s five percent solution… (2)

  
  Re: The People — Authority: 125
  CONTINUED FROM HERESince you have now exhausted your capacity to absorb any more debt in the run up to this Great Recession, Brad Delong has a solution: It is time to max out the credit limit of the United States federal government as well.That’s it – that’s the DeLong five percent solution. The federal ...
  4 weeks ago

• Brad DeLong’s five percent solution…

  
  Re: The People — Authority: 125
  Brad DeLong thinks there is about a five percent chance we will see a second Great Depression and there is little or nothing which can be done to avoid it:For 2 1/4 years now I have been saying that there is no chance of a repeat of the Great Depression or anything like it–that we [...]
  4 weeks ago

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