Roubini Predicts “Mother of All Carry Trade Unwinds” « naked capitalism
byNouriel Roubini has officially left the “hedging your bets on the economy” camp. He has declared the markets to be frothy because super low…
Economics
How Goldman secretly bet on the U.S. housing crash | McClatchy
byWASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages,…
Antitrust al Dente for Google in Europe – WSJ.com
byInstitut économique Molinari appears in the Wall Street Journal. IEM is run by Cobden Centre Senior Fellow Dr. Cécile Philippe. An antitrust backlash is…
Hands off our banks! Neelie Kroes decrees that Britain must split and sell rescued banks now!
byChris Neal outlines his tax payers’ revolt. In October 2008 Messrs Brown and Darling assured the British tax payer that we had a reasonable…
Lloyds seeks £23bn to exit state scheme – Times Online
byLloyds will announce within days a controversial £23 billion fundraising that will bolster its balance sheet and finally repair the damage caused by its…
FT.com / Martin Wolf – Why curbing finance is hard to do
byWriting in The Financial Times, Martin Wolf explains “Why curbing finance is hard to do”, discussing the separation of “utility” and “casino” banking and…
Economists revolt over surprise recession data – Times Online
byVia The Times Online, we learn that many economists “revolt over surprise recession data”: Economists today cast doubt on official data showing that British gross domestic…
Salamanca — day 2
byToby Baxendale and Steve Baker enjoyed a second fascinating day at the joint Ludwig von Mises Institute and Instituto Juan de Mariana conference in Salamanca,…
The Birthplace of Economic Theory: A Trip to Salamanca, Spain
byCobden Centre Chairman, Toby Baxendale, and Corporate Affairs Director, Steve Baker, are this week in Salamanca, Spain for the joint Ludwig von Mises Institute and Instituto…
Happy days are here again? Another view from the City
byEquity Strategist Ewen Stewart makes the case that the national debt will within 5 years be over £150,000 per family of 4 with debt…