Blog Profile / Christopher Whalen
| URL : | http://blogs.reuters.com/christopher-whalen | |
|---|---|---|
| Filed Under: | Business & Finance / Economics | |
| Posts on Regator: | 30 | |
| Posts / Week: | 0.3 | |
| Archived Since: | June 19, 2011 | |
Blog Post Archive
Is Bank of America preparing for a Chapter 11?
Bank of America has managed to step into the kimchee several times over the past couple of months, an achievement that only warms the hearts of crisis communications professionals.
Obama’s jobs plan is nothing new
President Obama's latest jobs proposal, where infrastructure banks and public works projects are the rage, has been blocked by the Senate.
Are the low US home mortage rates for real?
Are these rates real? Are all American consumers, especially low-income borrowers, able to borrow at those low teaser rates? The answer in both cases is no.
Fair-value accounting, derivatives increase global debt deflation
The leaders of the G-20 nations need to ask questions about the role of fair-value accounting and cash-settlement derivatives in fueling the current debt crisis. Until we accept that many of the economic problems we face today stem from efforts to create the illusion of growth in financial markets, there is not likely to be much progress on fashioning a sustainable solution.
Watching the failure of the “New Economics”
Hunter Lewis attacks Keynesian economic thinking when it comes to the role of the state in the economy.
The cure for higher ATM fees is competition
Why are Bank of America and other large US banks increasing fees for the use of debit cards and other services? The short answer is regulation.
Do banks really need more capital?
What banks need is less regulation of making good loans and clear, unambiguous rules for selling and servicing loans in the secondary markets.
For Social Security, it’s print as you go
Rick Perry is right: Social Security is a Ponzi scheme. The nature of the pay-as-you-go system and the high budget deficits being run by the federal government for other services makes it a precise parallel with the work of Carlo Po...
Time to end the Keynesian pretense about fiscal stimulus
The proposals by Roubini and others that governments should borrow and print even more fiat currency to fuel further fiscal stimulus are wrong. Here's why.
Geithner and the delicacy of Euro-Dollar diplomacy
When Geithner lectures his EU peers on the need for prompt and purposeful action, he will need to season his advice with humility and an appreciation that the war against global deflation is far from won.
Jamie Dimon is right: Who Needs Basel III?
I have to disagree with Felix Salmon and agree with JP Morgan Chairman & CEO Jaime Dimon that Basel III is an anti-American nightmare and needs to go.
Can Barack Obama channel Teddy Roosevelt?
President Obama basically gave the same speech last night and, again, largely avoided discussion of housing or banks. If President Obama was really concerned about jobs, he should get some new advisers and start channeling President Teddy Roosevelt.
Profiles in competence: Jesse Jones & Leo Crowley
Alan Boyce, Glenn Hubbard, and Chris Mayer (“BHM”) have published an important paper, “Streamlined Refinancings for up to 30 Million Borrowers,” which makes the case for refinancing all loans – trillions of dollars in face amount — now covered by the housing GSEs, Fannie Mae and Freddie Mac. This proposal breaks-down the evil cartel of [...]
Barack Obama and the cost of doing nothing
It is still not too late for our leaders to get ahead of the accumulating fear that eats away daily at public confidence in currencies and markets from Los Angeles to Berlin. But the first step to turning things around is to understand that doing nothing, as has been the strategy in both the US and EU since 2008, is no longer a viable strategy.
Housing, debt ceilings & zombie banks
In a Washington Post report this week, the Obama Administration was said to have decided to adopted a proposal to continue a major government presence in financing mortgages.
Why Nouriel Roubini and all of us are wrong about Karl Marx
Roubini claims Karl Marx was right about capitalism eventually destroying itself. The future, though, is not about class warfare as Marx predicted, but is about maximizing the potential and opportunities for every individual.
My summer reading list: Debt, deflation & democracy
For those of you with the good sense to ignore the financial markets and enjoy the waning days of summer, here are some of the books -- new and old -- sitting on my table.
Uncertainty and indecision threaten Bank America and global markets
The solution to the financial crisis affecting BAC and the US economic malaise are the same, namely an orderly, immediate public process of restructuring for the top banks and housing agencies.
Standard & Poor’s and the ratings game
The decision by Standard & Poor’s to downgrade the U.S. credit rating illustrates a number of areas of weakness in the world of ratings.
Are U.S. regulators worsening E.U. credit squeeze?
During his tenure as Chairman of the Fed from 1951 through 1970, William McChesney Martin Jr. saw the transition from America at war, with the government controlling much of the economy, to a peace time economy where wider financial ebbs and flows were possible. His experience in confronting both inflation and deflation during his term is instructive today.