|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||504|
|Posts / Week:||2.2|
|Archived Since:||February 8, 2011|
By James Kwak One of the central dramas of the early seasons of The Wire is the cat-and-mouse game between Avon Barksdale’s drug operation and the detectives of the Major Crimes Unit. The drug dealers started off using pagers and … Continue reading ?
By Simon Johnson At today’s daily briefing, White House spokesman Josh Earnest communicated the president’s threat to veto any trade promotion authority (TPA) that “could undermine the independence or ability of the Federal Reserve to make monetary policy decisions”. (The … Continue reading ?
By James Kwak “In my many years of experience working in compliance, do you know how many fixed and variable annuities I’ve seen being invested in IRAs??? Countless. “Investing a tax deferred investment within a tax deferred account simply does … Continue reading ?
By Simon Johnson and Andrei Levchenko The Obama administration is lobbying hard for Congress to pass a trade promotion authority (TPA) and to quickly approve the Trans-Pacific Partnership (TPP), a free trade agreement that is on the verge of being … Continue reading ?
By Simon Johnson As Congress debates the trade promotion authority, TPA, the issue of currency manipulation remains firmly on the table. The administration and Republican leadership insist that language discouraging currency manipulation should not be included in the TPA (and … Continue reading ?
By James Kwak “At present, when zero interest rates make capital costs as low as they have ever been but corporate profits are at record levels, there needs to be much less concern with capital costs and more concern with … Continue reading ?
By James Kwak Unemployment is down to 5.4%! Yay! That was the summary of last week’s unemployment report. Yet the two-track “recovery”?—?about to enter its seventh year?—?continues. Average hourly wages increased by only 0.1% in April and 2.2% for the … Continue reading ?
By James Kwak I’ve written several times about what I call the Economics 101 ideology: the overuse of a few simplified concepts from an introductory course to make sweeping policy recommendations (while branding any opponents as ignorant simpletons). The most … Continue reading ?
By James Kwak The neolithic political ideology of Thomas and Friends is so overbearing and obvious that it’s not worth writing about (except in parody, which I won’t attempt here). Duncan Weldon has taken up the more interesting question of … Continue reading ?
By James Kwak Is it the money? No. Federal Reserve Chair Ben Bernanke, the man who saved the global economy, is becoming an adviser for Citadel, a hedge fund management company. Bernanke will provide advice to Citadel’s fund managers and … Continue reading ?
By Simon Johnson The political debate about finance in the US is often cast as markets versus regulation, as if “more regulation” means the efficiency of private sector decisions will necessarily be impeded or distorted. But this is the wrong … Continue reading ?
By James Kwak Beeping iPads! Buzzing phones! Zapping watches! Soon, apparently, we won’t be able to complete a thought without being interrupted by some “intelligent” piece of technology. The solution, according to Steven Levy, is yet more technology: a great … Continue reading ?
By James Kwak Dan Davies put together a brilliant roundup of the clever business models that financial technology startups are pitching to their investors?—?and why most of them are deeply flawed. Some of them apply much more broadly than to … Continue reading ?
By James Kwak Did you know that blogging is dead? That’s what I hear, anyway. I plan to say something about it once I figure out if I have anything to say on it. Anyway, as you have probably noticed, I … Continue reading ?
By James Kwak Supposedly President Obama is making “middle-class economics” one of the key themes of his final two years in office. I don’t really know what this is supposed to mean in a country where people making ten times the median … Continue reading ?
By Simon Johnson In the early and mid-2000s, Citigroup had compensation practices that can fairly be described as a disaster for shareholders (and for the broader economy). Top executives, such as then-CEO Chuck Prince, received big bonuses and generous stock … Continue reading ?
By James Kwak This week I returned to one of my favorite topics: raising taxes, particularly on the rich. First I wrote an article for Medium about the single most obvious change that should be made to the tax code: … Continue readi...
By Simon Johnson The Obama administration urgently needs to nominate a qualified individual as Undersecretary for Domestic Finance at the Treasury Department. The Dodd-Frank financial reforms are under sustained and determined attack, and the lack of a confirmed Undersecretary is … Continue reading ?
By James Kwak This morning I posted an article over at Medium about the question—raised again by Goldman analysts earlier this month—of whether JPMorgan should be broken up. The answer is obviously yes. The interesting thing is that this is … Continue reading ?
By Simon Johnson The shadow primary for the Democratic Party is in full swing. What will be the ideas, themes, and messages that win support in 2016 – and will they carry the day in the presidential election? You can … Continue reading ?